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Technically speaking, the U.S. benchmarks have thus far weathered the latest in a series of trade-related market whipsaws.
Dr. Atul Gawande, an accomplished surgeon, writer and Harvard professor, has been named the chief executive officer of a new initiative started by Amazon.com Inc. , Berkshire Hathaway Inc. and J.P. Morgan Chase & Co. , with the goal of improving health care for their more than a million combined U.S. employees, as well as making it more cost-effective. Gawande's tenure will begin July 9. The independent company will be headquartered in Boston and be "free from profit-making incentives and constraints." "This work will take time but must be done," Gawande said. "The system is broken, and better is possible." Gawande is a surprising choice in many respects, as he is best known for his empathetic approach to medicine than for financial or health-care management credentials. The initiative has been expected to shake up the status quo, and even sent shares of companies across the health care industry tumbling after the late January announcement. Previous reports pegged David Feinberg, the chief executive of Geisinger Health System, as the top candidate. But the surgeon-writer may lend some credibility to the idea that any discoveries made by the health-care initiative may be shared beyond the three companies, as J.P. Morgan Chief Executive Jamie Dimon suggested in the original announcement. The Health Care Select Sector SPDR has surged 1% over the last three months, compared with a 2% rise in the S&P 500 and a 0.1% rise in the Dow Jones Industrial Average .
Shares of General Electric Co. slide 1.1% in early trade Wednesday, a day after the company was pushed out of the Dow Jones Industrial Average after being a member for 111 years. "The U.S. economy has changed: Consumer, finance, health care and technology companies are more prominent today and the relative importance of industrial companies is less," David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, explained in Tuesday's announcement. "Today's change to the DJIA will make the index a better measure of the economy and the stock market." GE is being replaced by Walgreens Boots Alliance Inc. , which was up 3.3% in early trade. GE's stock has been slammed for the past year after the company announced a major restructuring and canceled its dividend. The Dow is a price-weighted index and its plunging stock meant it was worth less than 10% of the highest-priced stock in the index, breaching an unwritten rule. The Dow was up 0.2% in early trade, while the S&P 500 was up 0.3%.
U.S. stock-market indexes opened higher on Wednesday, attempting to recoup some of the losses from several days of selling, which was primarily driven by fears over trade issues. The S&P 500 rose 8 points, or 0.3%, to 2,770. The Dow Jones Industrial Average advanced 77 points, or 0.3%, to 24,777, rising after six days of declines. The Nasdaq Composite Index gained 40 points, or 0.5%, to 7,766 at the open. Among the biggest gainers on the S&P 500, Twenty-First Century Fox, Inc soared nearly 7% after Walt Disney raised its offer to purchase most of the company.
Nasdaq advances 0.5% at the open
Dow opens up 0.4%; S&P 500 gains 0.3%
U.S. stocks open modestly higher as Wall Street looks to rebound after tariff-fueled sell-off
Dr. James Madara, the chief executive of the American Medical Association, wrote to U.S. government officials on Tuesday urging them to stop a "zero tolerance" policy toward undocumented immigrants that so far has separated about 2,300 immigrant children from their parents. At a recent policy-making meeting of the U.S.'s foremost doctors group, delegates said the policy "will do great harm to children and their parents or caregivers, who felt compelled to make a dangerous and uncertain journey because of safety concerns in their own countries," Madara wrote in the letter, which was made public early Wednesday. "Families seeking refuge in the U.S. already endure emotional and physical stress, which is only exacerbated when they are separated from one another. It is well known that childhood trauma and adverse childhood experiences created by inhumane treatment often create negative health impacts that can last an individual's entire lifespan." The Trump administration announced the zero-tolerance policy in early May and views separating children from their families as a deterrent to illegal migrants, according to a report. The policy has been met with condemnation from many critics.
Investors are gobbling up the shares of small U.S. companies, a sign of how they're retreating from some overseas markets.
Eighty-six years ago this week, the stock market hit its worst low. Today’s high-flying market looks like a polar opposite. But information is still power.
Shares of small companies are once again climbing to new highs, but that doesn't mean larger companies will follow suit.
U.S. stock funds are on track for a third straight month of outflows as investors grow wary of the aging bull market.
A Tuesday stock market rally is putting major indexes on track to close above a key technical level, signaling they're regaining momentum after a rough stretch this year.
U.S. stocks' selloff intensified in afternoon trade Friday as fears mount about the impacts of a trade spat between the U.S. and China.
Stock investors have at least one reason for optimism: earnings season.
Whereas nothing seemed to faze the market in 2017, everything seems to be faze it in 2018.
With GE Gone, It’s Time to Stop Covering the Dow Jones Index
Sierra Investment Management - Observations and Perspectives: Show Me the Money
Royce Funds - Royce’s View on Small-Cap Valuations and Opportunities
GMO Emerging Debt Insights: Emerging Debt in a Rising Interest Rate Environment
When stocks sell-off, a whole bunch of new financial terms start popping up. Here's our cheat sheet.
Global Stocks Flashing Red Over China Tariff Retaliation (Wall Street Breakfast Podcast)
Wall Street Breakfast: Trade Headwinds Blow Stronger
'Floating community' headquarters for DJI
The Speculative-Team: Putting A Flashlight On Axon Enterprises
Royce Funds Commentary: David Nadel on the Effects of Geopolitics, Brexit and Tariffs
Key U.S. | Last | Chg | Chg % |
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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 | |||
STOXX Europe 600 Index | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index | |||
Americas | Last | Chg | Chg % |
BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
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Microsoft Corp. | |||
Walt Disney Co. | |||
Intel Corp. | |||
Pfizer Inc. | |||
Boeing Co. | |||
Nike Inc. Cl B | |||
Apple Inc. | |||
VISA Inc. Cl A | |||
United Technologies Corp. | |||
Merck & Co. Inc. | |||
JPMorgan Chase & Co. | |||
Cisco Systems Inc. | |||
Home Depot Inc. | |||
Walmart Inc. | |||
Exxon Mobil Corp. | |||
UnitedHealth Group Inc. | |||
Chevron Corp. | |||
American Express Co. | |||
Goldman Sachs Group Inc. | |||
Johnson & Johnson | |||
Caterpillar Inc. | |||
International Business Machines Corp. | |||
DowDuPont Inc. | |||
3M Co. | |||
General Electric Co. | |||
Procter & Gamble Co. | |||
Coca-Cola Co. | |||
Verizon Communications Inc. | |||
McDonald's Corp. | |||
Travelers Cos. Inc. |