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U.S. stocks ended modestly higher on Tuesday, in a partial rebound from the previous session's sharp decline. Based on preliminary closing figures, the Dow Jones Industrial Average rose 121 points, or 0.5%, to 24,730. The S&P 500 rose 4 points, or 0.2%, to 2,717. The Nasdaq Composite Index gained 20 points to 7,364, a rise of 0.3%. Trading was somewhat subdued as investors turned their focus to an upcoming statement by the Federal Reserve, which is expected to announce an increase in its key interest rate Wednesday afternoon. Energy shares were the biggest gainers of the day, with the sector up 0.9%, advancing alongside a 2.3% increase in the price of U.S. crude futures. On the downside, Facebook Inc. fell 2.6%, extending a sharp decline on Monday that represented its biggest one-day drop in about four years. The social-media giant is down 9.5% on the week amid questions about how it has handled user data.
Nasdaq finishes session about 0.3% higher
Dow closes up 0.5%; S&P 500 advances about 0.2%
U.S. stock shake off tech woes to end higher, powered by energy-sector rally; Focus turns to Fed
The Dow Jones Industrial Average rallied 95 points in afternoon trade, with 17 of its 30 components gaining ground, despite market internals showing overall breadth is clearly negative. The number of advancing stocks outnumbered decliners 1,652 to 1,164 on the NYSE and 1,549 to 1,103 on the Nasdaq exchange. Declining volume represented 56.7% of total volume on the Big Board and 57.5% of the Nasdaq's total volume. Meanwhile, the S&P 500 and the Nasdaq Composite both inched up less than 0.1%.
Shares of General Electric Co. slumped 2.6% in midday trade Tuesday, to pace the Dow Jones Industrial Average's decliners. The selloff put the stock on track to close at the lowest level since Sept. 3, 2009. Meanwhile, the Dow was up 114 points, or 0.5%. GE's stock has now lost 5.4% since the industrial conglomerate released its 2017 annual report, during which Chief Executive John Flannery warned those who bet against the company's resolve "do so at their own peril." Over the same time, the Dow has lost about 585 points, or 2.3%. Over the past 12 months, GE shares have tumbled 54% while the Dow has gained 18%.
Research firm IDC said Tuesday that it expected wearables shipments to grow 15.1% this year, led by strong growth in basic trackers as well as continued growth in smartwatches. IDC sees wearables shipments growing at a 13.4% annual rate through 2022, however, as basic trackers grow less popular but watches maintain momentum. "The addition of cellular connectivity is also starting to resonate with early adopters and looking ahead the emergence of new use cases like music streaming or additional health sensors will make cellular connectivity pivotal to the success of the smartwatch," IDC senior research analyst Jitesh Ubrani said in a release. Apple Inc. came out with a cellular-connected smartwatch last year. Fitbit Inc. , meanwhile, recently announced its new Versa smartwatch, which is priced lower than the company's Ionic smartwatch and intended to reach more of a mass audience in the midst of declining interest in basic trackers. IDC projects that basic tracker shipments will grow by just 0.3% annually through 2022, while smartwatch shipments could grow by 17.9%. Apple shares are up 24% over the past 12 months, while Fitbit shares have dropped 8.3%. The Dow Jones Industrial Average , of which Apple is a component, is up 18%, compared with a 14% gain for the S&P 500 over 12 months.
A stock market selloff deepened on Monday after, led by high-flying technology stocks.
Major stateside stock benchmarks are pacing for a better annual performance than much of the rest of the world, despite a volatile few weeks.
It's quite likely the new chair will see more market volatility during his term than did his predecessor. Janet Yellen's time at the helm was marked by mostly serene markets.
Money is flowing back into stocks, a sign that investors believe the market will keep climbing after the recent selloff.
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Here is a selection of factoids about the market's big decline on Monday.
The Dow Jones Industrial Average briefly fell more than 5% from its record high on Monday morning, a pullback that has historically served as an entry-point for bargain-hunting investors.
The stock market's long stretch of calm was interrupted this week.
President Donald Trump on Friday suggested that his election loss would have sparked a plunge in the stock market that's only ever happened eight times.
The year is just 15 trading sessions old and already the stock market has put in almost a full year's worth of gains.
Barring a massive shock before the closing bell on Monday, the S&P 500 will have had 395 trading days without a decline of 5% or more from a record high
Investors are pouring into the stock market as major indexes extend their monstrous rise.
The Nasdaq Composite Index closed at an inflation-adjusted record for the first time in nearly two decades, passing one of the few elusive milestones during this long bull market.
Boeing Co. isn't the biggest firm in the Dow Jones Industrial Average, a blue chip index that also includes the largest U.S.-listed company by market value, Apple Inc.
The stock market had a blowout start to the year. In just four days, the S&P 500 rose 2.6%, its best week since the end of 2016. That's a good omen for the rest of 2018.
The Dow Jones Industrial Average can thank Boeing Co. for its record-breaking run.
No company is more tied to the Dow Jones Industrial Average than General Electric Co. But the Boston-based conglomerate wasn't much help in the blue-chip index's run to its latest milestone.
After a year in which the S&P 500 rose 19%, Wall Street expectations are for a more modest rise in 2018.
Just because stocks had a banner year in 2017 doesn't mean they have to have a bad year in 2018.
Byron Wien, the Blackstone Group L.P. vice chairman who's been making a widely-watched list of year-ahead predictions for more than three decades, sees some wild market moves in store for 2018.
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Key U.S. | Last | Chg | Chg % |
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NASDAQ Composite Index | |||
S&P 500 Index | |||
Russell 2000 Index | |||
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Dow Jones Transportation Average | |||
Dow Jones Utility Average Index | |||
Dow Jones U.S. Total Stock Market Index | |||
NASDAQ 100 Index (NASDAQ Calculation) | |||
S&P 400 Mid Cap Index | |||
NYSE Composite Index | |||
Barron's 400 Index | |||
CBOE Volatility Index | |||
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The Asia Dow Index USD | |||
S&P/ASX 200 Benchmark Index | |||
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Hang Seng Index | |||
S&P BSE Sensex Index | |||
NIKKEI 225 Index | |||
FTSE Straits Times Index | |||
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STOXX Europe 50 Index EUR | |||
STOXX Europe 600 Index EUR | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index GBP | |||
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BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
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Boeing Co. | |||
Nike Inc. Cl B | |||
Intel Corp. | |||
VISA Inc. Cl A | |||
Caterpillar Inc. | |||
Travelers Cos. Inc. | |||
UnitedHealth Group Inc. | |||
Johnson & Johnson | |||
Home Depot Inc. | |||
Walmart Inc. | |||
Chevron Corp. | |||
3M Co. | |||
Microsoft Corp. | |||
Goldman Sachs Group Inc. | |||
McDonald's Corp. | |||
Cisco Systems Inc. | |||
American Express Co. | |||
JPMorgan Chase & Co. | |||
Merck & Co. Inc. | |||
Pfizer Inc. | |||
Apple Inc. | |||
United Technologies Corp. | |||
Walt Disney Co. | |||
Exxon Mobil Corp. | |||
Coca-Cola Co. | |||
DowDuPont Inc. | |||
Procter & Gamble Co. | |||
International Business Machines Corp. | |||
Verizon Communications Inc. | |||
General Electric Co. |