|Day's range||0.65 - 0.65|
The biggest risk for investors since the end of the 2008 financial crisis has been, well, ducking risk. Since risky markets like equities hit bottom in early 2009, the U.S. benchmark S&P 500 stock index has tripled, delivering an annualized total return of 19 percent, roughly 15 percentage points a year above what the Bloomberg Barclays U.S. Aggregate bond index delivered. The S&P 500, for example, now trades at 18 times next year's earnings, according to Thomson Reuters data, versus a long-time average of around 15.
Stitch Fix Inc. stumbled in its stock-market debut, dipping below its initial public offering price before eking out a gain at the close.
U.S. stocks slipped Friday, putting the S&P 500 and Dow Jones Industrial Average on course for narrow weekly losses.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong U.S. housing starts data for October and investors bet on further rate hikes from the Federal Reserve.
The major market indexes finished the week mixed following a weird day that saw the Dow Jones Industrial Average drop 100 points and small caps gain 0.4%. The S&P 500 dipped 0.1% this week after falling 0.3% to 2578.85 today, while the Dow Jones Industrial Average fell 63.97 points, or 0.3%, this week after dropping 100.12 points, 0.4%, to 23,358.24. The folks Todd Market Forecast calls it a "strange day." They explain why: Strange day.
Shares of Foot Locker (FL) skyrocketed to the top of the S&P 500 index Friday after the sporting goods retailer announced better-than-expected financial results and gave upbeat guidance for the current quarter. It is the single biggest one-day gain ever for Foot Locker’s stock, and made the company the best-performing name in the S&P 500, by far. The company’s market value soared to $5.06 billion from $3.9 billion on Thursday.
Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn't add to the previous day's gains.
U.S. stocks finish lower on Friday, with the S&P 500 and the Dow logging second straight week of losses as investors tracked the progress of the Republican tax cut plan as it made its way through the legislative ...
Soapmaker and real-estate stocks have taken over a rally that used to be led by social networks and smartphone makers. Companies with stable earnings and dividends have shepherded gains in November, the ...