|Day's range||8,619.77 - 8,678.85|
|52-week range||6,190.17 - 8,705.91|
Market uncertainty before the tariff deadline was reinforced by comments from U.S. Agriculture Secretary Sonny Perdue on Monday, who said President Donald Trump did not want to implement tariffs but did want to see "movement" from China. In the euro zone, Christine Lagarde holds her first meeting and news conference as ECB chief on Thursday.
Asian equity markets were a tad lower on Tuesday as investors refrained from making major bets before Dec. 15, when the next round of U.S. tariffs on Chinese imports is due to take effect. MSCI's broadest index of Asia-Pacific shares outside Japan was down just 0.04% as the Asian trading day began on Tuesday. Australian shares were also 0.04% lower, while Japan's Nikkei lost 0.23%.
Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and limited outsized market moves. Market uncertainty before the tariff deadline was reinforced by comments from U.S. Agriculture Secretary Sonny Perdue on Monday, who said President Donald Trump did not want to implement tariffs but did want to see "movement" from China. In the euro zone, Christine Lagarde holds her first meeting and news conference as ECB chief on Thursday.
By the end of the week, the stock market ship had righted itself, moving higher on the back of fresh data on the labor markets and the stunning report on consumer sentiment. Both reports underscored the overall health of the U.S. economy while putting the major equity markets in a position to retest all-time highs this week.
The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The Dow and the Nasdaq ended the session down from last Friday's close. "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
Stocks jumped Friday after the Labor Department’s November jobs report handily topped expectations. Treasury yields rose and gold prices sharply declined, as the latest sign of strength in the U.S. economy spurred risk-on trades.
The U.S. market surged in early trading after a blowout labor report. Activity may have slowed but labor markets and consumer health remain strong.
The week started with the Dow Jones Industrial Average plunging 268 points. The S&P; 500 Index dropped 0.86% and the NASDAQ Composite pulled back 1.12%. Traders returned from the holiday-shortened week, kicking off December with a sell-off that was fueled by a combination of weak economic data and trade worries.
Traders are saying the markets could whip back and forth until we see what happens on December 15th to get some sort of clarity in terms of how to move forward in the near term.
Wall Street was largely unchanged on Thursday as market participants stayed on the sidelines, awaiting further developments in the hoped-for interim trade deal between the United States and China. The S&P 500 and the Dow were slightly higher and the Nasdaq nominally lower, their losses held in check by a rise in tech stocks. "We're on hold until we see what happens on the trade front," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.
Confidence is soaring among small business owners. But one group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. U.S. Treasury yields rose on reports indicating a resilient economy, including a fall in weekly jobless claims and a decline in the U.S. trade deficit, which suggested trade could contribute to growth in the fourth quarter.
Investing.com – Stocks were holding onto small gains Thursday afternoon after climbing back from early losses a day before Labor Department's monthly report on payroll employment and unemployment.