|Day's Range||7,979.29 - 8,014.12|
|52 Week Range||6,405.36 - 8,133.30|
The Federal Reserve's latest monetary policy decision will be the market highlight on Wednesday with stocks looking to shake off a recent streak of declines on days the Fed raises interest rates.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.
Global stocks were mixed Wednesday, with stocks in China rising to an 8-week high, as investors took advantage of a lull in the U.S.-China trade war and focused on today's interest rate decision from the U.S. Federal Reserve. Oil prices extend gains following yesterday's comments from President Donald Trump that OPEC is "ripping off" the world and his vow to impose further sanctions on Iran. European stocks slip as the euro holds gains against the dollar and domestic political pressure continues to build on Angela Merkel's fragile coalition government in Germany.
SINGAPORE (AP) — European markets were flat Wednesday following a day of gains in Asia as traders awaited an expected interest rate hike by the U.S. Federal Reserve.
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil. World stocks hung not far off six-month highs, but sentiment remains in check as U.S. benchmark bond yields stand close to seven-year peaks and investors weigh how much more policy tightening is in store from the U.S. Federal Reserve. Shanghai-listed shares closed almost one percent higher at eight-week highs (.SSEC) after global index provider MSCI (MSCI.N) said it could quadruple China's weighting in global benchmarks.
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil. World stocks hung not far off six-month highs, but sentiment remains in check as U.S. benchmark bond yields stand close to seven-year peaks and investors weigh how much more policy tightening is in store from the U.S. Federal Reserve. Beijing is not expected to follow U.S. Federal Reserve in raising interest rates this week.
JPMorgan Chase & Co. analysts, led by cross-asset strategist John Normand, in a Sept. 21 research report, say investors should be prepared for the possibility of a “major miscalculation” by the Trump administration on trade.
The departure of Instagram's founders underscores the degree to which Facebook has already put its stamp on the photo-sharing service it acquired in 2012, as well as the big plans it has in store. Instagram, now ad- and video-friendly, is growing users and revenue faster than Facebook and may soon be the company's main engine of growth. NEW YORK (AP) -- Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion.
U.S. stocks finished mostly lower Tuesday as rising interest rates hurt shares of companies that pay big dividends and higher oil prices affected transportation and shipping companies. The S&P 500 fell for the third day in a row.
The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector. S&P 500 financials, including interest-rate-sensitive bank stocks, dipped 0.38 percent ahead of the expected rise in interest rates by the Fed on Wednesday. The S&P 500 energy index added 0.57 percent as Brent oil hit a four-year high, boosted by imminent U.S. sanctions on Iranian exports, and OPEC and Russia's reluctance to raise output.
U.S. stock benchmarks end mostly lower Tuesday amid subdued activity as investors held off on making big bets ahead of the Federal Reserve’s monetary policy decision.
The Dow Jones Industrial Average and the S&P 500 on Tuesday extended a multisession skid while the Nasdaq booked its second straight gain, highlighting a period of divergence for the benchmarks ahead of the Federal Reserve's decision. The Dow closed off by about 67 points, or 0.3%, at 26,495, the S&P 500 index gave up 0.1% at 2,915. The S&P 500 has ended lower the past three days, while the Dow has posted back-to-back declines. However, the Nasdaq Composite Index eked out a second gain in a row, up 0.2% at 8,007, with the technology and internet-centric gauge following the fortunes of Apple Inc. higher for a second straight session. The Fed is widely expected to deliver its third rate increase of 2018 but investors will follow closely the central bank's projections for future rate increases as well as comments from Fed Chairman Jerome Powell Wednesday afternoon. Wall Street has been fixated on the developments in trade clashes between China and the U.S., but have managed to post positive returns, amid an apparent escalation of tensions between the economic superpowers. Market participants fret a tit-for-tat dispute between Washington, Beijing and other global partners could spiral into a full-blown trade conflict that crimps corporate profits. However, so far stocks have traded within range of all-time highs as investors focus on the domestic economic strength. Equity benchmarks also met some resistance from rising yields, with the 10-year Treasury note hitting above 3.10%, flirting with its highest level in about seven years, according to Dow Jones Market Data. Bond prices fall as yield rise. Climbing rates follow expectations that the Fed will dial up rates, which can make borrowing costs more expensive for corporations, while also undermining the appeal of risk-free government paper against stocks. Market participants also watched President Donald Trump deliver a speech in front of the United Nationals general assembly in New York, where he criticized the Organization of the Petroleum Exporting Countries for higher crude-oil prices and defended his administrations hard-line trade tactics.
The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing mostly lower on Wall Street as losses by financial and health care companies offset gains elsewhere in the ...
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