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President Donald Trump on Monday tweeted about the stock market -- only his second tweet on the topic since the stock market became more volatile. "Great news," the president said at the news the Dow industrials sported the third-best one-day point gain ever, adding the hashtag MAGA, which stands for Make America Great Again. Prior to this missive, Trump had authored just one tweet since Jan. 26 about the stock market. Even with the rally on Monday, the Dow is down 9.1% from its Jan. 26 level.
Treasury yields climbed on Monday, after mostly dropping last week, as the threat of a trade clash between the U.S. and China ebbed somewhat
Shares of General Electric Co. fell on Monday, bucking the sharply upward trend of the broader market as the beleagured industrial conglomerate continued to struggle. The stock fell 1.4% to $12.89, dropping below $13 for the first time since July 2009. GE posted its third straight daily decline, as well as its eighth negative session of the past 10. At current levels, it is down more than 26% in 2018, and it has lost more than half its value over the past 12 months. The company has been struggling for years, with the stock recently pressured by downbeat profit outlooks, a halved dividend, and an accounting probe by the Securities and Exchange Commission, among other factors. The stock was the only one of the 30 Dow components to end negative on Monday. The Dow gained 2.8% while the S&P 500 was up 2.7% and the Nasdaq Composite Index was up 3.3%.
Shares of Microsoft Corp. surged on Monday, jumping in its biggest one-day pop in years and helping to lead both the technology sector and the broader market higher. The stock , a Dow component, climbed 7.6% and posted its best day since Oct. 2015. Gains came after Morgan Stanley raised its price target on Microsoft to $130, a level that implies upside of 40% from current levels. In addition, Microsoft announced an extension of its China partnership with Adobe Systems Inc. . Shares of Adobe ended up 6.5%. Microsoft was the biggest percentage gainer in the S&P 500 on Monday, and the rise contributed to the 4% gain in the technology sector , which was the top-performing industry group of the day. Trading in Microsoft was heavy, with more than 55.3 million shares exchanging hands, well above its 30-day average of 31.8 million. Thus far this year, Microsoft is up 9.6%. The Dow Jones Industrial Average rose 2.8% on Monday while the S&P 500 was up 2.7% and the Nasdaq Composite Index climbed 3.3%.
All 3 main stock benchmarks posted their best one-day percentage gains since August 2015
U.S. stocks closed sharply higher on Monday, with major indexes posting their best day in years as concerns about a potential trade war between China and the United States appeared to wane. The Dow Jones Industrial Average closed up 671 points, or 2.9%, to 24,204. The S&P 500 gained 70 points to 2,659, a gain of 2.7%. The Nasdaq Composite Index climbed 228 points, or 3.3%, to 7,221. All three posted their biggest one-day percentage advance since August 2015. The day's gains were broad-based, with all 11 S&P 500 sectors ending in positive territory and six of them climbing more than 2% on the day. The biggest gainer of the day by far was the technology sector, which surged 4.1%, a rally that also represented its best single session since August 2015. The sector was largely supported by Microsoft Corp. , which jumped 7.6% in its best session since October 2015. Separately, Apple Inc. added 4.8%. On the downside, General Electric Co. fell 1.4% as the only one of the 30 Dow components to end negative on the day. The day's gains come after the worst week for the major indexes in two years; those losses were heavily driven by concerns over protectionist trade policy. While trade remains a primary focus, equity traders seem to be taking some cheer in reports that China and the U.S. have been holding discussions in a bid to help stave off a trade war.
S&P 500 index rises 2.7%; Nasdaq Composite closes up 3.3%
Dow ends nearly 700 points higher as trade tensions abate
A broad-market rally late Monday also is coming with panic-like buying, market internal data show. The Nasdaq Arms Index, a volume weighted breadth measure, fell to 0.492 in afternoon trade. The Arms Index tends to decline below 1.000 when the broader market rises, as the intensity of buyers of advancing stocks increases relative to the intensity of sellers of declining stocks. The number of advancing stocks on the NYSE outnumbered decliners 2,002 to 823, or by a about 2.4-to-1 margin. Many see Arms readings below 0.500 as implying panic-like activity. The Nasdaq Composite Index surged 229 points, or 3.3%, at 7,222, the Dow Jones Industrial Average jumped nearly 700 points, or 2.9%, at 23,223, while the S&P 500 index surged 2.8% at 2,661. The gains for the S&P 500, Nasdaq and the Dow marked their sharpest in a session since August 2015.
The Nasdaq Composite Index soared on Monday and was poised for its biggest one-day advance in more than two years as concerns of a potential trade war lessened and technology stocks rallied. The index climbed 3.1%, its biggest increase since August 2015. Technology stocks were among the biggest boosts to the Nasdaq, with Apple Inc. up 4.7% and Microsoft Corp. climbing 7.6% in its biggest one-day advance since October 2015. With the day's advance, the Nasdaq is now up 4.6% thus far this year, and it is 5.5% below an all-time high reached earlier this year. The Dow Jones Industrial Average rose 2.9% on Monday while the S&P 500 was up 2.8%.
The Dow Jones Industrial Average and the S&P 500 index rallied to trade at session highs late Monday afternoon, with the benchmarks on track to post their sharpest one-day climb since Aug. 26, 2015, according to FactSet data. The Dow was up about 611 points, or 2.56, at 24,147. Meanwhile, the S&P 500 index was trading up 62 points, or 2.4%, at 2,650, also on track for the best daily rise since late August of 2015. A cooling of tensions around trade between the U.S. and China has given way to a powerful rally for U.S. stocks, which are coming off the worst weekly decline in more than two years. Meanwhile, the Nasdaq Composite Index surged 2.8% to 7,196, also putting the technology-heavy index on pace for its best one-session gain in about 2 1/2 years, on a percentage basis.
All 3 benchmarks jump to session highs with less than an hour left of regular trade
S&P 500 rises 2.5%
Dow surges more than 600 points or 2.7%
Whereas nothing seemed to faze the market in 2017, everything seems to be faze it in 2018.
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.
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.
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.
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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.
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 % |
---|---|---|---|
Microsoft Corp. | |||
Intel Corp. | |||
Apple Inc. | |||
Goldman Sachs Group Inc. | |||
Cisco Systems Inc. | |||
United Technologies Corp. | |||
Caterpillar Inc. | |||
VISA Inc. Cl A | |||
JPMorgan Chase & Co. | |||
UnitedHealth Group Inc. | |||
International Business Machines Corp. | |||
Home Depot Inc. | |||
Boeing Co. | |||
Travelers Cos. Inc. | |||
Walmart Inc. | |||
American Express Co. | |||
3M Co. | |||
DowDuPont Inc. | |||
Walt Disney Co. | |||
Chevron Corp. | |||
Nike Inc. Cl B | |||
McDonald's Corp. | |||
Johnson & Johnson | |||
Verizon Communications Inc. | |||
Pfizer Inc. | |||
Exxon Mobil Corp. | |||
Merck & Co. Inc. | |||
Coca-Cola Co. | |||
Procter & Gamble Co. | |||
General Electric Co. |