Daily Insights
Fed decision today. The S&P 500 Index set to open relatively flat ahead of the Federal Reserve (Fed) rate decision. The Fed is expected to announce that it is cutting its policy rate by 25 basis points (0.25%) this afternoon at 2 p.m. ET. After the release of the policy statement, Fed Chair Powell will hold a press conference with Q&A at 2:30 p.m. ET. Continue reading
Markets Get Skittish after Fed Cut, New Tariffs
US: S&P 500 Index -3.10%, Dow -2.6%, Nasdaq -3.9%
Europe: STOXX Europe 600 -3.22%, German DAX -4.4% France CAC 40 -3.6%, U.K. FTSE 100 +0.5%
Asia: Japan Nikkei -2.1%, China Shanghai Composite -2.6%, Korea KOSPI -1.0%
Rates/Commodities: 10-Year Treasury yield -22 basis points to 1.85%, WTI crude oil -4.5%, COMEX gold: +1.9%
Markets experienced a jolt of volatility this week, pushing the S&P 500 Index to its largest weekly decline since December 2018 following the much-anticipated Federal Reserve (Fed) meeting on Wednesday. Continue reading
Positive Trade, Budget Negotiations offset Mixed Economic Data
US: S&P 500 Index +2.5%, Dow +3.1%, Nasdaq +2.4%
Europe: STOXX Europe 600 +3.0%, German DAX +3.6% France CAC 40 +3.9%, U.K. FTSE 100 +1.7%
Asia: Japan Nikkei +2.8%, China Shanghai Composite +2.5%, Korea KOSPI +0.9%
Rates/Commodities: 10-Year Treasury yield -4 basis points to 2.66%, WTI crude oil +5.9%, COMEX gold: +0.8%
Positive developments on the U.S. budget and trade negotiations underpinned a solid week of gains, though mixed economic data tempered investors’ enthusiasm. Continue reading
Daily Insights
Weak Chinese trade data, the unofficial kickoff of fourth quarter earnings season, and the ongoing government shutdown are on investors radars this morning. Continue reading
Daily Insights
U.S., China talks progress as Chinese economic slowdown continues. In a tweet over the weekend, President Trump suggested that a “deal is moving along very well” after a call with Chinese President Xi Jinping. Though the president indicated “big progress is being made,” skeptics abound that a comprehensive agreement is imminent. Continue reading
Santa Makes Brief Appearance on Wall Street
US: S&P 500 Index +2.9%, Dow +2.8%, Nasdaq +4.0%
Europe: STOXX Europe 600 -0.1%, German DAX -0.7% France CAC 40 -0.3%, U.K. FTSE 100 +0.2%
Asia: Japan Nikkei -1.4%, China Shanghai Composite -0.5%, Korea KOSPI -0.3%
Rates/Commodities: 10-Year Treasury yield -6 basis points to 2.72%, WTI crude oil -2.4%, COMEX gold: +1.6%
It was another wild ride for Wall Street this week after a 2.7% slide in the S&P 500 Index on Monday, Continue reading
Daily Insights
Are we forming a triple bottom? Yesterday’s reversal occurred at significant support for the S&P 500 Index, marking the third time since October that stocks have tried and failed to close below 2630. This, combined with a number of elevated sentiment indicators, increases the odds of stocks moving higher in our view. Later today on the LPL Research blog, we take a closer look at whether yesterday may have been the final washout in the bottoming process.
Continue reading
US: S&P 500 Index -1.6%, Dow -2.2%, Nasdaq -2.2%
Europe: STOXX Europe 600 -2.2%, German DAX -1.63% France CAC 40 -1.6%, U.K. FTSE 100 -1.0%
Asia: Japan Nikkei -2.6%, China Shanghai Composite +3.1%, Korea KOSPI +0.3%
Rates/Commodities: 10-Year Treasury yield -12 basis points to 3.07%, WTI crude oil -6.23%, COMEX gold +0.3%
U.S. equities moved lower for the week, but ended on a high note as the S&P 500 Index broke a five-day losing streak on Thursday and then closed higher Friday as well, partly boosted by positive comments on U.S.-China trade talks. Oil snapped a record 12-day losing streak on Thursday, Continue reading
US: S&P 500 Index +2.4%, Dow +2.4%, Nasdaq +2.7%
Europe: STOXX Europe 600 +3.3%, German DAX +2.8% France CAC 40 +2.7%, U.K. FTSE 100 +2.52%
Asia: Japan Nikkei +5.0%, China Shanghai Composite +3.0%, Korea KOSPI +3.4%
Rates/Commodities: 10-Year Treasury yield +14 basis points to 3.22%, WTI crude oil -5.7%, COMEX gold +0.0%
U.S. stocks’ best week in six months capped an otherwise rough October for U.S. equity investors. The S&P 500 Index climbed 2.4% during the week, its biggest weekly gain since May, as the benchmark rebounded to close the month down 6.9%. Continue reading
Daily Insights