Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one

The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top. According to Ned Davis Research, the Dow has posted a median gain of 13.4% during blow-off tops dating to 1901. “Given the high valuations I see, plus these divergences between many different indices, I am aware that many bull markets have ended with a rally similar to what we have seen since August,” firm founder Ned Davis said in a no


The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top.
According to Ned Davis Research, the Dow has posted a median gain of 13.4% during blow-off tops dating to 1901.
“Given the high valuations I see, plus these divergences between many different indices, I am aware that many bull markets have ended with a rally similar to what we have seen since August,” firm founder Ned Davis said in a no
Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: fred imbert
Keywords: news, cnbc, companies, trading, dow, china, called, markets, end, bull, blowoff, rally, market, trade, month, yardeni, euphoric


Bull markets often end with a euphoric rally called a 'blow-off top.' We may have just had one

The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top.

Between mid-August and late November, the was up 10.5% in a 74-day sprint that seemed to be immune from negative headlines.

According to Ned Davis Research, the Dow has posted a median gain of 13.4% during blow-off tops dating to 1901. The median rally length was 61 days.

“Given the high valuations I see, plus these divergences between many different indices, I am aware that many bull markets have ended with a rally similar to what we have seen since August,” firm founder Ned Davis said in a note.

One rally similar to this one happened between Oct. 15, 1999, and Jan. 14, 2000, just before the dot-com bubble burst. The Dow rallied 17% over 64 trading days back then. Another one took place from Aug. 16, 2007, to Oct. 9, 2007, preceding the financial crisis. In that time, the Dow jumped 10.3% in just 38 trading days.

Stocks were on fire last month in large part because of easier monetary policy and expectations that China and the U.S. will strike a trade deal. The Federal Reserve cut rates twice since August and has signaled it will keep them at current levels for a while. Also, China and the U.S. have said they were closing in on a “phase one” trade agreement to be signed before year-end, although President Donald Trump suggested on Tuesday that an agreement may not come until after next November’s election.

However, the fast rise in stocks gave some experts pause. Ed Yardeni, president of Yardeni Research, told CNBC last month the market was going up in a “melt-up fashion,” noting: “That’s actually the risk.”

Christopher Harvey, head of equity strategy at Wells Fargo Securities, also said in November the key catalysts that were driving the market higher had “played out.”

“What we’re left with is near-term sentiment and near-term sentiment being the driver of prices,” he added. “That could be based on a tweet. It could be based on positioning.”

Stocks started off December on the wrong foot. The Dow dropped 548.6 points in the first two trading days of the month amid renewed worries around U.S.-China trade relations. Trump’s comment on Tuesday, coupled with negative trade rhetoric out of China, sent stocks tumbling.

To be sure, the market’s rocky start to the final month of 2019 could be just a byproduct of investors taking some profits after a big run. Even after the Dow’s declines, the 30-stock average remains up nearly 20% for the year and within striking distance of its all-time high. Most Wall Street strategists expect the bull market to continue next year.

“A pause after a two-month rally shouldn’t be surprising,” said Willie Delwiche, investment strategist at Baird. “And it shouldn’t preclude from strength over the latter half of December, which is when we tend to see seasonal strength for the month.”

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Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: fred imbert
Keywords: news, cnbc, companies, trading, dow, china, called, markets, end, bull, blowoff, rally, market, trade, month, yardeni, euphoric


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Here’s what happened to the stock market on Tuesday

Dow Jones Industrial Average drops 280 pointsThe Dow slid 280.23 points, or 1.01%, to end the day at 27,502.81. President Donald Trump’s latest comments on the U.S.-China trade war sent stocks tumbling. Trump: We may want to wait on a trade dealTrump suggested on Tuesday he may want to hold off on a U.S.-China trade deal until after next year’s presidential election. That comment sparked Tuesday’s sell-off, which built on the previous session’s sell-off. Caterpillar, semiconductors slideTrade-re


Dow Jones Industrial Average drops 280 pointsThe Dow slid 280.23 points, or 1.01%, to end the day at 27,502.81.
President Donald Trump’s latest comments on the U.S.-China trade war sent stocks tumbling.
Trump: We may want to wait on a trade dealTrump suggested on Tuesday he may want to hold off on a U.S.-China trade deal until after next year’s presidential election.
That comment sparked Tuesday’s sell-off, which built on the previous session’s sell-off.
Caterpillar, semiconductors slideTrade-re
Here’s what happened to the stock market on Tuesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: fred imbert
Keywords: news, cnbc, companies, stock, trade, slid, selloff, market, lower, dow, heres, dropped, uschina, tuesdays, stocks, happened, fell


Here's what happened to the stock market on Tuesday

Dow Jones Industrial Average drops 280 points

The Dow slid 280.23 points, or 1.01%, to end the day at 27,502.81. The S&P 500 dropped 0.66% to close at 3,093.20. The Nasdaq Composite fell 0.55% to 8,520.64. President Donald Trump’s latest comments on the U.S.-China trade war sent stocks tumbling.

Trump: We may want to wait on a trade deal

Trump suggested on Tuesday he may want to hold off on a U.S.-China trade deal until after next year’s presidential election. That comment sparked Tuesday’s sell-off, which built on the previous session’s sell-off. Trump downplayed Tuesday’s slump, calling it “peanuts.” However, those remarks — coupled with more negative trade rhetoric from Commerce Secretary Wilbur Ross — have investors on edge after increased expectations that some kind of deal would get signed this month. Failure to do so at this point could make for another turbulent December on Wall Street.

Caterpillar, semiconductors slide

Trade-related stocks dragged the broader market lower on Tuesday. Caterpillar shares slid 2.03% while Boeing and Apple dropped 0.87% and 1.78%, respectively. Chipmakers also dropped. The VanEck Vectors Semiconductor ETF (SMH) closed about 1.40% lower. Nvidia fell 0.76% lower while Micron Technology pulled back 2.5%.

What happens next?


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: fred imbert
Keywords: news, cnbc, companies, stock, trade, slid, selloff, market, lower, dow, heres, dropped, uschina, tuesdays, stocks, happened, fell


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Dow drops 200 points after worse-than-expected manufacturing data

The Dow Jones Industrial Average fell 200 points, or 0.8%. Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate


The Dow Jones Industrial Average fell 200 points, or 0.8%.
Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said.
Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.”
Trade worries also offset stronger-than-expected manufacturing data out of China.
The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate
Dow drops 200 points after worse-than-expected manufacturing data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
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Dow drops 200 points after worse-than-expected manufacturing data

Monday’s losses came after a strong performance in November. The major averages had their biggest monthly gains since June, rallying to record highs. The S&P 500 climbed 3.4% last month while the Dow advanced 3.7%. The Nasdaq rallied 4.5%.

The Dow Jones Industrial Average fell 200 points, or 0.8%. The S&P 500 pulled back 0.8% while the Nasdaq Composite traded 1.4% lower. The major averages started off the session with slight gains before turning lower.

Stocks dropped on Monday, the first trading day of December, as investors digested disappointing economic data along with the latest trade news after capping a month that featured blistering gains.

A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.

“The trend and momentum going into December are bullish,” said Bruce Bittles, chief investment strategist at Baird. “However, investor optimism is registering as excessive by many of the services we follow. While optimism is not euphoric, excessive investor optimism generally suggests a pause in a bull market.”

Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. The ISM Manufacturing PMI dipped to 48.1 in November. That’s below an estimate of 49.4. Stocks hit their session lows after the data was released.

“All in all, this should take some wind out of the sails of the argument that the U.S. economy is accelerating going into the end of the year,” said Jon Hill, vice president of rates strategy at BMO Capital Markets.

Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” There is no clear indication of when both countries will be able to sign an agreement and last week saw fresh tension between Washington and Beijing after Trump signed legislation supporting protesters in Hong Kong.

That comment came after Chinese state media reported Sunday that Beijing wants a cancellation of tariffs for a phase one trade deal.

Trump also said Monday he will restore tariffs on metal imports from Brazil and Argentina. In a tweet, he said: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Trump noted in a separate tweet that “U.S. markets are up as much as 21%” since his first tariffs announcement on March 1, 2018, adding the U.S. is “taking in massive amounts of money.”

The percolating uncertainty around trade came despite Axios reporting, citing a source, that Trump is expected to hold off on additional tariffs against China set to kick in this month in the hopes of striking a deal before year-end.

Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate of 51.4.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


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This is where the Dow would be this year without Apple and Microsoft

Apple and Microsoft are leading the record market rally in 2019. The two have amassed a collective $819 billion in market cap this year, leading the Dow Jones Industrial Average to all-time highs. If those gains were stripped from the Dow, the blue-chip index would be nearly 1,100 points lower than its current level, according to data compiled by CNBC last week. “Apple has also cleared its resistance from a 2018 peak so we have a rising trend, no signs of topping out.” While Apple and Microsoft


Apple and Microsoft are leading the record market rally in 2019.
The two have amassed a collective $819 billion in market cap this year, leading the Dow Jones Industrial Average to all-time highs.
If those gains were stripped from the Dow, the blue-chip index would be nearly 1,100 points lower than its current level, according to data compiled by CNBC last week.
“Apple has also cleared its resistance from a 2018 peak so we have a rising trend, no signs of topping out.”
While Apple and Microsoft
This is where the Dow would be this year without Apple and Microsoft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: keris lahiff
Keywords: news, cnbc, companies, dow, apple, theyre, sector, microsoft, market, rising, relative, wald, technology, leading, think


This is where the Dow would be this year without Apple and Microsoft

Apple and Microsoft are leading the record market rally in 2019.

The two have amassed a collective $819 billion in market cap this year, leading the Dow Jones Industrial Average to all-time highs.

If those gains were stripped from the Dow, the blue-chip index would be nearly 1,100 points lower than its current level, according to data compiled by CNBC last week.

Ari Wald, head of technical analysis at Oppenheimer, is betting on both to continue to outperform the market.

“We do think they can continue and we really don’t have a preference between the two,” Wald said on CNBC’s “Trading Nation” on Monday. “We do see these top-down tailwinds from both a rising market — we think the bull market continues into 2020 — and I think you got support from a relatively strong technology sector as well.”

In Apple, for example, “we see this recent move higher as a breakout versus the market dating back to 2012 — a six- to seven-year relative breakout that portends to additional leadership,” said Wald. “Apple has also cleared its resistance from a 2018 peak so we have a rising trend, no signs of topping out.”

Michael Bapis, managing director at Rockefeller Capital Management, says these stocks are buys for the long haul.

“Technology is just booming right now. I think we’re in about a 30- to 50-year technology boom period that we’ll never see in the next 500 years so let’s take those two companies which are very, very positive on growing earnings and margins, and I like that they’re leading not only the technology industry but they’re leading the market,” Bapis said during the same segment.

While Apple and Microsoft have added 70% and 49% this year, respectively, the XLK technology ETF has gained 42%. Tech is the best-performing S&P 500 sector this year.

“I would go with both of them with the momentum. They are getting a little expensive relative to earnings, but I think their growth will be outpacing that expensiveness over the next stage,” said Bapis.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-12-01  Authors: keris lahiff
Keywords: news, cnbc, companies, dow, apple, theyre, sector, microsoft, market, rising, relative, wald, technology, leading, think


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Here’s what happened to the stock market on Friday

Dow Jones Industrial Average falls 112 pointsThe Dow slipped 112.59 points, or 0.40% to close at 28,051.41. The S&P 500 pulled back 0.40% to 3,140.98. Big November gainsThe S&P 500 rose more than 3% for November, notching its biggest one-month gain since June when it rallied more than 6%. Optimism around U.S.-China trade relations and a milder-than-expected pullback in corporate earnings helped drive the market’s strong performance this month. China also threatened on Friday to take “strong coun


Dow Jones Industrial Average falls 112 pointsThe Dow slipped 112.59 points, or 0.40% to close at 28,051.41.
The S&P 500 pulled back 0.40% to 3,140.98.
Big November gainsThe S&P 500 rose more than 3% for November, notching its biggest one-month gain since June when it rallied more than 6%.
Optimism around U.S.-China trade relations and a milder-than-expected pullback in corporate earnings helped drive the market’s strong performance this month.
China also threatened on Friday to take “strong coun
Here’s what happened to the stock market on Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: fred imbert
Keywords: news, cnbc, companies, fell, market, trading, heres, stock, strong, dow, uschina, happened, performance, usenergy, 500, 040


Here's what happened to the stock market on Friday

Dow Jones Industrial Average falls 112 points

The Dow slipped 112.59 points, or 0.40% to close at 28,051.41. The S&P 500 pulled back 0.40% to 3,140.98. The Nasdaq Composite fell 0.46% to end the day at 8,665.47. Stocks fell in a shortened trading session but still posted their best monthly performance since June.

Big November gains

The S&P 500 rose more than 3% for November, notching its biggest one-month gain since June when it rallied more than 6%. Optimism around U.S.-China trade relations and a milder-than-expected pullback in corporate earnings helped drive the market’s strong performance this month. However, the signing of two U.S. laws supporting Hong Kong protesters dampened some of that positive sentiment as a key Dec. 15 deadline approaches. China also threatened on Friday to take “strong counter-measures” against the U.S.

Energy shares take a big hit

What happens next?


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: fred imbert
Keywords: news, cnbc, companies, fell, market, trading, heres, stock, strong, dow, uschina, happened, performance, usenergy, 500, 040


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Here’s what happened to the stock market on Wednesday

Dow Jones Industrial Average rises 42 pointsThe Dow gained 42.32 points, or 0.15%, to close at 28,164.00. Durable goods orders jumpThe Commerce Department said durable goods orders rose 0.6% in October after a 1.4% drop in September. Those positive data sets helped maintain the positive market sentiment that has been building in recent weeks. Apple and Under Armour drive gainsApple shares rose 1.34% and were among the biggest points contributors on the Dow. Under Armour shares gained 6.17% to pu


Dow Jones Industrial Average rises 42 pointsThe Dow gained 42.32 points, or 0.15%, to close at 28,164.00.
Durable goods orders jumpThe Commerce Department said durable goods orders rose 0.6% in October after a 1.4% drop in September.
Those positive data sets helped maintain the positive market sentiment that has been building in recent weeks.
Apple and Under Armour drive gainsApple shares rose 1.34% and were among the biggest points contributors on the Dow.
Under Armour shares gained 6.17% to pu
Here’s what happened to the stock market on Wednesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: fred imbert
Keywords: news, cnbc, companies, points, gained, dow, heres, rose, market, orders, goods, positive, shares, happened, stock, drop


Here's what happened to the stock market on Wednesday

Dow Jones Industrial Average rises 42 points

The Dow gained 42.32 points, or 0.15%, to close at 28,164.00. The S&P 500 advanced 0.42% to 3,153.64. The Nasdaq Composite climbed 0.66% to 8,705.18. Stocks notched fresh record highs following the release of strong economic data.

Durable goods orders jump

The Commerce Department said durable goods orders rose 0.6% in October after a 1.4% drop in September. Weekly jobless claims, meanwhile, posted a surprise drop. Those positive data sets helped maintain the positive market sentiment that has been building in recent weeks. To be sure, Wednesday’s session was more quiet than usual as many traders had already left for the Thanksgiving holiday.

Apple and Under Armour drive gains

Apple shares rose 1.34% and were among the biggest points contributors on the Dow. Under Armour shares gained 6.17% to push the S&P 500 consumer discretionary sector higher after a Raymond James analyst upgraded them.

What happens next?


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: fred imbert
Keywords: news, cnbc, companies, points, gained, dow, heres, rose, market, orders, goods, positive, shares, happened, stock, drop


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Stocks have a history of positive trading around Thanksgiving, but not recently

The bullish chorus on stocks is getting louder heading into Thanksgiving as the market looks to regain its winning ways around the holiday. But the Dow has suffered losses for the past two straight years in the trading days surrounding Thanksgiving. The S&P 500 is up 25% in 2019, on track for its biggest one-year gain since 2013. Historically, the S&P 500 has carried over its momentum into the following year after an annual gain of at least 25%. The worst two-day performance goes to 2011, when t


The bullish chorus on stocks is getting louder heading into Thanksgiving as the market looks to regain its winning ways around the holiday.
But the Dow has suffered losses for the past two straight years in the trading days surrounding Thanksgiving.
The S&P 500 is up 25% in 2019, on track for its biggest one-year gain since 2013.
Historically, the S&P 500 has carried over its momentum into the following year after an annual gain of at least 25%.
The worst two-day performance goes to 2011, when t
Stocks have a history of positive trading around Thanksgiving, but not recently Cached Page below :
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Keywords: news, cnbc, companies, positive, trading, stocks, china, recently, dow, days, thanksgiving, points, stock, twoday, 500, deal, history


Stocks have a history of positive trading around Thanksgiving, but not recently

The Dow Jones Industrial Average touched a record on Tuesday and sentiment was high riding into the traditionally strong two-day period surrounding Thanksgiving. The Dow has only had 16 losses in the past 66 years for the Wednesday before Thanksgiving and the Friday after combined, according to the Stock Trader’s Almanac.

The bullish chorus on stocks is getting louder heading into Thanksgiving as the market looks to regain its winning ways around the holiday.

But the Dow has suffered losses for the past two straight years in the trading days surrounding Thanksgiving. For the Wednesday before Thanksgiving and Black Friday combined, the Dow was down about 32 points and 180 points in 2017 and 2018, respectively.

Stocks rose slightly on Monday amid increasing expectations that China and the U.S. will reach a so-called phase one trade deal. The S&P 500 is up 25% in 2019, on track for its biggest one-year gain since 2013. Historically, the S&P 500 has carried over its momentum into the following year after an annual gain of at least 25%.

“This stock market melt up is impressive for sure, putting the S&P 500 at 19x 2019 earnings,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note Tuesday. “I’m optimistic too that there will be a deal of some sort.”

China’s Ministry of Commerce said Tuesday morning that the leaders of China and the U.S. spoke over the phone. It’s still unclear whether the two sides could reach a deal before Dec. 15, when new U.S. tariffs on Chinese goods are set to kick in. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018.

The Dow gained nearly 350 points in the days before and after Thanksgiving in 2008, the best two-day performance since 1952, according to the Stock Trader’s Almanac. The worst two-day performance goes to 2011, when the Dow lost 261 points during those days around Thanksgiving.

— CNBC’s John Schoen contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: yun li
Keywords: news, cnbc, companies, positive, trading, stocks, china, recently, dow, days, thanksgiving, points, stock, twoday, 500, deal, history


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Dow, S&P 500 and Nasdaq close at record highs

Dow, S&P 500 and Nasdaq close at record highsThe Dow, S&P 500 and Nasdaq closed at record highs. Stephanie Link, head of global equities research at Nuveen, and Larry Adam, chief investment officer at Raymond James, join CNBC’s “Closing Bell” to discuss markets.


Dow, S&P 500 and Nasdaq close at record highsThe Dow, S&P 500 and Nasdaq closed at record highs.
Stephanie Link, head of global equities research at Nuveen, and Larry Adam, chief investment officer at Raymond James, join CNBC’s “Closing Bell” to discuss markets.
Dow, S&P 500 and Nasdaq close at record highs Cached Page below :
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Keywords: news, cnbc, companies, highs, record, nasdaq, raymond, stephanie, 500, research, nuveen, dow, officer, close


Dow, S&P 500 and Nasdaq close at record highs

Dow, S&P 500 and Nasdaq close at record highs

The Dow, S&P 500 and Nasdaq closed at record highs. Stephanie Link, head of global equities research at Nuveen, and Larry Adam, chief investment officer at Raymond James, join CNBC’s “Closing Bell” to discuss markets.


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Consumer sentiment, economy gauges, Foot Locker earnings: 3 things to watch for Friday

We’ll get a read on the health of the consumer on Friday with November’s final consumer sentiment data set to release at 10:00 a.m. Sentiment in the U.S. in October came in at 95.5, according to data released by the University of Michigan. Manufacturing and services gaugeWe’ll get a read on the U.S. manufacturing and services sector with PMIs from Markit released on Friday. Economists polled by Dow Jones are expecting a slightly stronger reading of manufacturing activity in November at 51.4, com


We’ll get a read on the health of the consumer on Friday with November’s final consumer sentiment data set to release at 10:00 a.m.
Sentiment in the U.S. in October came in at 95.5, according to data released by the University of Michigan.
Manufacturing and services gaugeWe’ll get a read on the U.S. manufacturing and services sector with PMIs from Markit released on Friday.
Economists polled by Dow Jones are expecting a slightly stronger reading of manufacturing activity in November at 51.4, com
Consumer sentiment, economy gauges, Foot Locker earnings: 3 things to watch for Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, services, consumer, earnings, polled, read, gauges, sentiment, manufacturing, locker, data, things, dow, released, reading, economy, slightly, watch, foot


Consumer sentiment, economy gauges, Foot Locker earnings: 3 things to watch for Friday

Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images

Here are the most important things to know about Friday before you hit the door.

1. Healthy consumer?

We’ll get a read on the health of the consumer on Friday with November’s final consumer sentiment data set to release at 10:00 a.m. Sentiment in the U.S. in October came in at 95.5, according to data released by the University of Michigan. A higher reading means consumers feel more confident about current and future economic conditions. Economists polled by Dow Jones are expecting sentiment to come in at 95.5, in line with last month’s data and slightly below the preliminary reading of 95.7.

2. Manufacturing and services gauge

We’ll get a read on the U.S. manufacturing and services sector with PMIs from Markit released on Friday. Economists polled by Dow Jones are expecting a slightly stronger reading of manufacturing activity in November at 51.4, compared with 51.3 in October. While the PMI Markit data didn’t show contraction last month, the closely watched manufacturing purchasing managers’ index from the Institute for Supply Management came in at 48.3 in October. A number below 50 represents a contraction in the industry. Services PMI is forecast to come in at 51, up from the previous reading of 50.6, according to Dow Jones.

3. Foot Locker earnings


Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: maggie fitzgerald
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US futures point to lower open

U.S. stock index futures were lower Wednesday morning. ET, Dow futures fell 124 points, indicating a negative open of more than 132 points. Futures on the S&P and Nasdaq were also pointing to a slightly lower open. President Trump threatened Tuesday to impose higher tariffs on Chinese goods if Beijing does not make a deal on trade. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said at a Cabinet meeting.


U.S. stock index futures were lower Wednesday morning.
ET, Dow futures fell 124 points, indicating a negative open of more than 132 points.
Futures on the S&P and Nasdaq were also pointing to a slightly lower open.
President Trump threatened Tuesday to impose higher tariffs on Chinese goods if Beijing does not make a deal on trade.
“If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said at a Cabinet meeting.
US futures point to lower open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: silvia amaro
Keywords: news, cnbc, companies, tariffs, lower, higher, trade, futures, deal, dow, points, fell, trump, point, open


US futures point to lower open

U.S. stock index futures were lower Wednesday morning.

At around 04:150 a.m. ET, Dow futures fell 124 points, indicating a negative open of more than 132 points. Futures on the S&P and Nasdaq were also pointing to a slightly lower open.

The Dow Jones fell from record highs on Tuesday as investors monitored earnings and developments in the U.S.-China trade talks. There’s mounting uncertainty about a deal between both economies, despite comments last month suggested that they were close to signing a partial agreement.

President Trump threatened Tuesday to impose higher tariffs on Chinese goods if Beijing does not make a deal on trade. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said at a Cabinet meeting.


Company: cnbc, Activity: cnbc, Date: 2019-11-20  Authors: silvia amaro
Keywords: news, cnbc, companies, tariffs, lower, higher, trade, futures, deal, dow, points, fell, trump, point, open


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