|Day's range||12,889.37 - 13,029.08|
|52-week range||10,088.83 - 13,181.09|
US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.
The Nasdaq is up about 5% in May. But the rally in tech stocks may not last, according to a strategist from Citi. Yahoo Finance Live's Seana Smith breaks down the rally: what has been driving it and why it may come to an end.
Bespoke Investment Group Co-Founder Paul Hickey and BNP Paribas U.S. Economist Yelena Shulyatyeva tell Yahoo Finance Live what they are expecting in the markets over the coming months.
High mortgage rates will tip Britain into recession this year as homeowners coming to the end of fixed rate deals are hit by soaring costs, a leading ratings agency has warned.
U.S. stocks are falling as investors await a key vote on the debt ceiling deal. At 11:06 ET (15:06 GMT), the Dow Jones Industrial Average fell 263 points or 0.8%, while the S&P 500 was down 0.8% and the NASDAQ Composite was down 0.7%. The House is expected to vote later today on the deal, which lifts the debt ceiling to January 2025, limits spending and reclaims funds allocated to fight COVID and bolster the Internal Revenue Service.
Led by some of the best companies on the planet, the Nasdaq Composite has created significant wealth in recent years: A $10,000 investment in the benchmark made 10 years ago would now be worth $41,000 with dividends reinvested. As impressive as this wealth creation has been, there are plenty of individual stocks that have trounced the Nasdaq. Turning a $10,000 investment from 10 years ago into $53,000 with dividends reinvested, Visa (NYSE: V) is one such stock with a track record of outperformance.
Invesco QQQ Trust, Invesco NASDAQ 100 ETF, Invesco NASDAQ Next Gen 100 ETF, Fidelity Nasdaq Composite Index ETF and Simplify Nasdaq 100 PLUS Convexity ETF are included in this Analyst Blog.
Having surged between January and April, the price of Bitcoin fell 8% in May.
Investors are anticipating the outcome of US debt vote and digesting the latest economic data from China.
U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the month comes to an end. At 06:55 ET (10:55 GMT), the Dow futures contract was down 65 points, or 0.2%, S&P 500 futures traded 8 points, or 0.2% lower, and Nasdaq 100 futures dropped 25 points, or 0.2%. This clears the way for it to be brought before the lower chamber of Congress as soon as later Wednesday, hopefully allowing the Senate to sign it into law before the federal government runs out of funds in early June.
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing economic data casts doubt over the strength of China's post-COVID recovery and Goldman Sachs reportedly plans fresh job cuts.
The stock market closed mixed on Tuesday, as a potential resolution to the debt ceiling didn't spark much of an additional rally after last week's strong performance. The Nasdaq Composite (NASDAQINDEX: ^IXIC) posted modest gains, while the Dow Jones Industrial Average (DJINDICES: ^DJI) again lagged behind, leaving the S&P 500 (SNPINDEX: ^GSPC) all but unchanged on the day. Both Equitrans Midstream (NYSE: ETRN) and ChargePoint Holdings (NYSE: CHPT) were big winners on Tuesday, and below, you'll find out why.
Craig Lazzara, S&P Dow Jones Indices Managing Director for Index Investment Strategy, joins Yahoo Finance Live to discuss the rise in U.S. home prices, migration throughout the U.S., and challenges in the housing market.
Yahoo Finance senior columnist Rick Newman breaks down the outlook on the tentative deal announced between President Biden and lawmakers.
Semafor Founding Editor-at-Large Steve Clemons joins Yahoo Finance Live to discuss details regarding the tentative debt ceiling deal, Speaker Kevin McCarthy's future, and the debt limit bill deadline.
US stocks were mixed amid hopes the hard-won debt-ceiling deal will get through a divided Congress in a matter of days.
Investing.com - U.S. stock futures were trading within a tight range during Tuesday's evening trade, as market participants weighed the likelihood of U.S. Congress passing a debt deal ahead of a vote on the legislation as early as Wednesday.
The market was mixed on Tuesday, with the S&P 500 up six points (0.2%), the Dow Jones Industrial Average down 137 points (-0.4%), and the Nasdaq Composite gaining 90 points (0.7%) as of 11:10 a.m. ET. The market has not been kind to Comerica this year, as the bank, like most regional banks, has been hurt by the banking crisis. The Direct Express program provides federal benefits on prepaid cards to millions of Americans who do not have bank accounts and are considered "unbanked."
Yahoo Finance Live's Rachelle Akuffo discusses China's economy amid the country's COVID recovery, as well as Elon Musk and Jamie Dimon visiting China this week.
Director of Strategy and Content at Edison Group Neil Shah joins Yahoo Finance Live to look at the U.S. stock market and growth stock trends amid international trends.
China Beige Book International Managing Director Shehzad Qazi discusses a slide in Chinese equities amid pessimism around a slower-than expected rebound for the Chinese economy.