|Day's range||7,288.11 - 7,518.72|
|52-week range||6,631.42 - 9,838.37|
The Zacks Analyst Blog Highlights: D.R. Horton, Meritage Homes, TRI Pointe, Century Communities and M.D.C.
The latest report on March's U.S. manufacturing activity released by the Institute for Supply Management is signalling contraction as coronavirus wreaks havoc.
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply. Investors sought safe havens in the U.S. dollar and government bonds, pushing U.S. Treasury yields near their lowest in three weeks. Morgan Stanley said the U.S. economy will shrink 5.5% in 2020, the steepest drop since 1946, with a 38% contraction predicted for the second quarter.
Asian markets on Friday looked to latch onto Wall Street's overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about the depth of a global recession. Despite the rally in stocks, investors still sought the safety of the U.S. dollar and government bonds as an unprecedented number of Americans - 6.6 million - filed jobless claims due to coronavirus-induced lockdowns, as economic concerns stayed front and center. U.S. stocks rallied after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce an oil production cut of up to 10 million to 15 million barrels as the two countries signaled willingness to make a deal.
'This surprisingly high level of bullishness supports our own view that we haven't yet seen investor capitulation, echoing what we've seen in other data sets,' writes RBC's head of U.S. equity strategy Lori Calvasina.
Stocks rose Thursday as investors shook off earlier concerns after the U.S. Labor Department’s report on weekly unemployment insurance claims far exceeded expectations.
Is it time to fade this short-term rally in the markets? Yes, this pro tells Yahoo Finance in large part because of the unpredictable nature of the coronavirus.
Facebook COO Sheryl Sandberg discusses Facebook's effort to boost local news as the industry struggles to cope with the coronavirus pandemic.
President Donald Trump has warned America to brace for a "very, very painful two weeks" that will continue to raise the appeal for inverse or inverse leveraged ETFs.
The U.S. housing market is expected to be hurt by coronavirus-induced recession and layoffs. Will the ongoing spring season bring some relief?
We have narrowed down our search to four consumer discretionary stocks that have surged in the past four weeks when the coronavirus-induced panic devastated Wall Street.
Satori Fund founder Dan Niles warned his clients about coronavirus before it hit the market. Now, he's warning we haven't bottomed.