Previous Close |
---|
2,716.94 |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Exchange-traded funds that track the home-building sector rallied on Wednesday, as existing-home sales snapped a two-month losing streak. The SPDR S&P Homebuilders ETF rose 1% while the iShares U.S. Home Construction ETF jumped 1.4%. The PowerShares Dynamic Building & Construction Portfolio rose 0.7%. The rise came as data showed sales of previously-owned homes jumped 3% in January, and the rate was higher than 2017's full year total of 5.51 million. Among specific stocks, D.R. Horton rose 2.8% while Beazer Homes USA Inc. was up 2.9% and PulteGroup Inc. rose 2.3%. Toll Brothers Inc. gained 2.1%. All easily outperformed the broader market; the Dow Jones Industrial Average dipped 0.1% while the S&P 500 was up 0.1% and the Nasdaq Composite Index rose 0.2%.
United Technologies Corp.'s Kidde unit said Wednesday it is recalling 425,000 sensor smoke alarms, because of the risk that they will fail to alert their owners to a fire. "A yellow cap left on during the manufacturing process can cover one of the two smoke sensors and compromise the smoke alarm's ability to detect smoke, posing a risk of consumers not being alerted to a fire in their home," the company warned in a statement. Customers are advised to remove the alarm and check whether a yellow cap is visible through the opening on the side. They are advised not to take the alarm apart or attempt to remove the yellow cap themselves, but rather to immediately contact the company and request a replacement. Kidde has set up a toll-free number at 833-551-7739 that will be available from 8.30 a.m. to 5 p.m. ET Monday to Friday, and from 9 a.m. to 3 p.m. at the weekend. An additional 40,000 units were sold in Canada, the company said. The units in question were sold at stores from Sep. 10, 2016 through Oct. 13, 2017, including Menards, The Home Depot Walmart . They were sold on ShopKidde.com and other websites through Jan. 2018 for $20 to $40 a piece. United Tech shares were slightly lower Wednesday, but have gained 13% in the last 12 months, while the S&P 500 has gained 16% and the Dow Jones Industrial Average has gained 19%.
Shares of Micron Technology Inc. rose 0.5% in Wednesday morning trading after analysts at BMO Capital Markets raised their price target on the stock to $63 from $43 in a note titled "We Are Playing Catch Up." The analysts, led by Ambrish Srivastava, now have an enhanced view of the memory-price landscape. "Memory industry fundamentals, especially for DRAM, remain strong," Srivastava wrote, raising his estimates for Micron's fiscal second quarter, which the company is due to report results for on Thursday afternoon. Earlier this week, Susquehanna analyst Mehdi Hosseini raised his target price to $80 from $60. Micron shares are up 38% in the past month, compared with a 0.5% gain for the S&P 500 and a 6.5% rise for the PHLX Semiconductor Index . Shares of Micron have jumped 141% over the past 12 months.
Nasdaq Composite up less than 0.1% at 7,370
Dow industrials off 0.1% at 24,692
S&P 500 off less than 0.1% at 2,815
U.S. stocks little-changed after existing-home sales
Shares of General Mills Inc. plunged 9.6% toward a 5-year low in morning trade Wednesday, enough to pace the S&P 500's decliners, after the consumer foods company reported a fiscal third-quarter profit that beat expectations but slashed its outlook. The stock hit an intraday low of $44.79, the lowest level seen since Feb. 19, 2013. A close at current levels would mark the biggest one-day percentage decline since it shed 11.2% on March 18, 2009, also following fiscal third-quarter results. The stock has now plummeted 24.5% over the past 12 months, while the SPDR Consumer Staples Select Sector ETF has lost 5.4% and the S&P 500 has climbed 15.9%.
Pivotal Research Group analyst Brian Wieser reiterated his negative view of Facebook Inc. Wednesday, writing that the social-networking giant is "exhibiting signs of systemic mismanagement" following a series of security and public-relations issues involving user data, content moderation, and political advertising. Facebook shares are down 2.3% in Wednesday morning trading, after falling 9.2% so far this week. "Investors have to consider whether or not the company will conclude that it has grown in a manner that has proven to be untenable or whether it needs to significantly improve how it is managed," he wrote. That leads to the possibility that Facebook could "depress the size of the company" or introduce personnel changes, both of which Wieser said present new risks to investors. Wieser is one of two analysts who rates Facebook at sell, and he has a $152 price target on the stock. The stock closed Tuesday at $166.31. Facebook shares are up 21% over the past 12 months, while the S&P 500 is up 16%.
U.S. stock-indexes traded slightly weaker at the open on Wednesday, with traders hesitant to make any big moves ahead of the end of an important policy update from the Federal Reserve due at 2 p.m. Eastern Time. The Fed is widely expected to deliver a rate rise, and its forecasts could give investors clues to the pace of future increases. The Dow Jones Industrial Average [: DJIA] was trading flat at 24,727, the S&P 500 index retreated about 2 points or less than 0.1% at 2,715. The technology-laden Nasdaq Composite Index declined 12 points, or 0.1, at 7,354. Meanwhile, Facebook Inc. was trading lower, down 1.5%, for a third straight day amid mounting concerns about how the social network has managed user data. The co-founder of WhatsApp, Brian Acton, said late Tuesday it was now time to delete Facebook because of its failures to guard user information. Facebook has shed about $50 billion in market value this week alone.
Monday's market selloff began with a sharp drop in Facebook Inc. shares and ended up illustrating the flip side of the crowded bet on technology giants.
Investors piled a record amount of money into hot stock funds during the week before Monday's sell-off, a sign that buyers who made aggressive bets may have gotten burned.
A stock market selloff deepened on Monday after, led by high-flying technology stocks.
Facebook Inc.'s share-price fall on Monday shaved roughly $30 billion from its market cap, enough to remove it from the ranks of the five biggest companies in the S&P 500.
Measures of market sentiment still look elevated, even after major stock indexes dropped by more than 10% last month.
Major stateside stock benchmarks are pacing for a better annual performance than much of the rest of the world, despite a volatile few weeks.
Technology companies are conquering the stock market, boosting sectors not often associated with the giants of Silicon Valley.
The U.S. stock bull market turned nine years old on Friday. The companies that have seen the biggest gains over that period may surprise you.
Investors are learning to stop fearing an economic pick-up. That was a key lesson from Friday's market reaction to the jobs report.
The market gyrations of recent weeks are lifting trading volumes, typically a boon to banks.
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.
Executives are as excited about corporate earnings as they've ever been, but that optimism may already be priced into the stock market.
The housing market is heating up, providing another pillar of support for the stock market and U.S. economy.
Credit Suisse Group AG says betting on volatility to fall has been a great trade. Just don't use the bank's once-popular investment product to do it.
Stop trying to make sense of the stock market, Jason Zweig says.
Here is a selection of factoids about the market's big decline on Monday.
Boeing Co. quietly has more pull on the stock market than pretty much any other company.
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.
Interest rates can have a complicated ripple effect through financial markets. Here's what you need to know.
Since the beginning of 2018, Shake Shack stock has fallen 4.9%.
When stocks sell-off, a whole bunch of new financial terms start popping up that you may not be familiar with. Here's our cheat sheet to help you out.
A look at the ongoing saga of a unicorn biotech startup in Palo Alto, from its rise to the fall.
Oracle stock has risen more than 19.0% in the past year. During the same period, the S&P 500 Index has risen 15.0%.
In this series, we'll look at analysts’ revenue and earnings estimates for McDonald’s in the next four quarters.
Despite the massive surge in Microsoft stock, which helped its market cap to cross the $724 billion mark, it's lagging behind Amazon (AMZN), which has a market cap of ~$726 billion.
Despite the massive surge in Microsoft stock, which helped its market cap to cross the $713 billion mark, it was momentarily eclipsed by Amazon (AMZN).
Lowe's Companies (LOW) plans to announce its 4Q17 earnings before the market opens on February 28.
The Campbell Soup Company (CPB) stock fell ~3.3% on February 16, 2018, despite reporting better-than-expected fiscal 2Q18 results.
The Kraft Heinz Company (KHC) reported weaker-than-expected 4Q17 results on February 16, 2018.
The Michigan Consumer Sentiment Index has provided a key leading indicator for investors and economists for decades. This respected index is published monthly from the results of random telephone surveys.
Home Depot (HD) is scheduled to announce its 4Q17 earnings before the market opens on February 20, 2018.
The yuan! Trump! North Korea! Brexit! Inflation! We brought together two years of survey data to show how quickly investors' worst nightmares come and go.
Is inflation ever good? If you like your job it is.
As a measure of inflation, this index can help you make key financial decisions.
Shake Shack (SHAK) is scheduled to announce its 4Q17 earnings after the market closes on February 15, 2018.
Why This Recent Volatility Isn’t The End Of The Stock Market’s Bull Run
What the markets have long been fearing has finally come true, at least in part. The S&P 500 (SPY) (SPX) hit a record high on January 26, 2018. Since then, the index has fallen ~8% as of February 6, 2018.
Chipotle Mexican Grill (CMG) posted its 4Q17 earnings after the market closed on February 6, 2018. In 4Q17, Chipotle posted adjusted EPS (earnings per share) of $1.34 on revenues of $1.11 billion.
Key U.S. | Last | Chg | Chg % |
---|---|---|---|
Dow Jones Industrial Average | |||
NASDAQ Composite Index | |||
S&P 500 Index | |||
Russell 2000 Index | |||
Other U.S. | Last | Chg | Chg % |
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 | |||
Global | Last | Chg | Chg % |
Global Dow Realtime USD | |||
Asia/Pacific | Last | Chg | Chg % |
The Asia Dow Index USD | |||
S&P/ASX 200 Benchmark Index | |||
Shanghai Composite Index | |||
Hang Seng Index | |||
S&P BSE Sensex Index | |||
NIKKEI 225 Index | |||
FTSE Straits Times Index | |||
Europe | Last | Chg | Chg % |
STOXX Europe 50 Index EUR | |||
STOXX Europe 600 Index EUR | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index GBP | |||
Americas | Last | Chg | Chg % |
BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
---|---|---|---|
Range Resources Corp. | |||
Hess Corp. | |||
Chipotle Mexican Grill Inc. | |||
Newfield Exploration Co. | |||
Helmerich & Payne Inc. | |||
Devon Energy Corp. | |||
Marathon Oil Corp. | |||
Anadarko Petroleum Corp. | |||
Noble Energy Inc. | |||
Kansas City Southern |
Company | Last | Chg | Chg % |
---|---|---|---|
General Mills Inc. | |||
Southwest Airlines Co. | |||
J.M. Smucker Co. | |||
Kellogg Co. | |||
Conagra Brands Inc. | |||
Campbell Soup Co. | |||
American Airlines Group Inc. | |||
Alaska Air Group Inc. | |||
Nordstrom Inc. | |||
Hershey Co. |