|Day's range||8,071.81 - 8,166.18|
|52-week range||6,190.17 - 8,339.64|
Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market. All three major U.S. stock averages gained ground in a broad-based rally, with the S&P 500 and the Nasdaq hitting their highest closing level in more than three weeks. "Positive earnings are flowing through equity markets today, suggesting that things weren't as bad as investors thought," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
Stocks rose Tuesday as some of the first major corporate names began delivering third-quarter results. Meanwhile, investors continued to monitor signs that President Donald Trump’s “phase one” trade deal with China would materialize.
Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to the equities market. "It's all going to be about earnings for the next couple of weeks and that's a good thing," said Oliver Pursche, chief market strategist at Bruderman Asset Management in New York. Major financial firms JPMorgan Chase & Co, Citigroup Inc, Goldman Sachs Group Inc and Wells Fargo & Co all posted results, as did healthcare giants Johnson & Johnson and UnitedHealth Group Inc.
The International Monetary Fund said trade standoffs and geopolitical tensions are behind its tepid projections for global growth in 2019.
The price action suggests investors are still trying to grasp the concept of a trade deal done in phases. However, if investors were really skeptical about the matter, the markets would’ve sold off a lot harder. This indicates they may be comfortable with the idea that both sides are still talking.
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement. Gold gained and oil prices fell more than 3% at one point as scant information about the first phase of a Sino-U.S. trade deal undercut optimism over a thaw in the dispute that has sparked a slowdown in global growth. A slide in Chinese exports picked up pace in September while imports contracted for a fifth straight month, evidence of further weakness in China's economy as tariffs take their toll.
Wall Street struggled for direction on Monday as inconclusive U.S.-China trade negotiations dampened sentiment and investors turned toward third-quarter earnings season, which begins in earnest on Tuesday. The S&P 500 was essentially flat, while the Nasdaq and the Dow were nominally higher following a three-day winning streak during which the benchmark S&P 500 gained 2.7%. Hopes dimmed that recent trade negotiations between the United States and China would bear fruit, as China indicated further talks were needed and U.S. Treasury Secretary Steven Mnuchin said the next round of tariffs on Chinese imports are on track to go into effect on Dec. 15 if a deal has not been reached by then.
Investing.com - Stocks finished at their highest levels in about two weeks as President Donald Trump touted a "substantial phase one deal" that resolves some of the trade disputes between the United States and China.
WeWork’s buildings in London’s Moorgate, Paddington, and Farringdon had combined revenues of £59.2m in 2018 and made a combined profit of £10.4m.
Federal Reserve Bank of Minneapolis President Neel Kashkari spoke about his economic outlook at Yahoo Finance's All Markets Summit on October 10.
U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market. Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to find a way out of a 15-month trade war.
Minneapolis Fed President Neel Kashkari told Yahoo Finance that Fed Chairman Jerome Powell should "just say what he thinks we ought to do."
On Friday, investors will receive a snapshot on consumer sentiment in October and hear from several Federal Open Market Committee members ahead of the central bank’s next rate-setting meeting.
Minneapolis Fed President Neel Kashkari told Yahoo Finance October 10 that rates are near a level where there may be little need to hike or cut.
Stocks were near session highs on Thursday after U.S. President Donald Trump said he would meet with China's top trade negotiator on Friday, while oil rose as OPEC pledged a decision on supply at its December meeting. Markets were expected to remain volatile, with the focus on the China-U.S. trade talks, as wild overnight gyrations indicated traders were ready to chase every headline. The euro hit its highest since Sept. 20 versus the dollar as the greenback turned weaker across the board, partly due to a Bloomberg report about a U.S.-China currency pact to stop the yuan's devaluation.
Global markets are mixed following a round of wildly disparate reports regarding the status of trade talks.