|Day's range||26,044.23 - 26,639.09|
|52-week range||18,213.65 - 29,568.57|
The banking industry hopes to lean on its investment banking and cost-cutting efforts in an otherwise ugly second quarter.
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world. "We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters.
Stock futures opened slightly higher Monday evening as investors looked ahead of a slew of earnings results from big banks Tuesday and later this week.
Apple is carving out a new all-time high, and Disney is being forced to shut down its Hong Kong resort.
The direction of the September E-mini Dow Jones industrial Average the rest of the session is likely to be determined by trader reaction to 26298.
With most blue-chip companies earnings scheduled over the coming days, investors should closely monitor the movement of the Dow ETF and grab an opportunity that arises from a surge in any of the 30 stocks.
"There are renewed expectations that the Pfizer vaccine will be ready for approval by the end of October, which is sooner than expected - so that's very good news," said Thomas Hayes, managing member at Great Hill Capital LLC in New York. Merger news also perked up investors as Analog Devices Inc announced a $21 billion deal to buy rival Maxim Integrated Products Inc , sending its shares up 13.0%. Pepsi Co gained 1.5% as it benefited from a surge in at-home consumption of salty snacks such as Fritos and Cheetos during lockdowns.
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.
American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.
The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.
We’re going to be watching a minor pivot at 25787 into the close on Friday.
In a Yahoo Finance Premium webinar, Brian Shannon, CMT discusses why trading legends missed the bulk of the post-Covid stock market rally and explains how traders can avoid common pitfalls, such as impulsive trading, by having a trading plan and knowing their time frame.
Wall Street closed mixed on Thursday growing concerns about the second wave of the coronavirus dented investors' confidence.
Avenue Capital Group CEO and Milwaukee Bucks Co-Owner, Marc Lasry, joins 'Influencers with Andy Serwer' to discuss the NBA restart.
Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce the risk of death in severely-ill COVID-19 patients. More than 60,500 new coronavirus infections were reported across the United States on Thursday, the largest single-day tally by any country since the virus emerged late last year in China. "The sharp increase in confirmed cases has led to growing concerns that a return to broad lockdowns lies ahead," Goldman Sachs wrote in a note.
What happened Shares of DocuSign (NASDAQ: DOCU) climbed 2.9% on Thursday, even as the Dow Jones Industrial Average (DJINDICES: ^DJI) fell 1.4%, following bullish comments by analysts. So what Wedbush analyst Daniel Ives reiterated his "outperform" rating on DocuSign's stock and boosted his target price from $165 to $240.