Dow futures give back gains on fading hopes of aggressive easing from the Fed

The new 2020 C8 Corvette Stingray guns for Ferrari with first… The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…Autosread more


The new 2020 C8 Corvette Stingray guns for Ferrari with first… The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…Autosread more
Dow futures give back gains on fading hopes of aggressive easing from the Fed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith
Keywords: news, cnbc, companies, firstthe, stingray, secondsautosread, dow, gains, guns, futures, fading, seventhgeneration, launch, car, easing, hopes, aggressive, horsepower, version, punch, fed


Dow futures give back gains on fading hopes of aggressive easing from the Fed

The new 2020 C8 Corvette Stingray guns for Ferrari with first…

The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…

Autos

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Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith
Keywords: news, cnbc, companies, firstthe, stingray, secondsautosread, dow, gains, guns, futures, fading, seventhgeneration, launch, car, easing, hopes, aggressive, horsepower, version, punch, fed


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Dow falls 150 points, heads for 3-day losing streak

Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results. The Dow Jones Industrial Average dropped 150 points, or 0.5%, while the S&P 500 slid 0.4%. Those metrics — which are key for Netflix — offset a better-than-expected earnings per share result for the previous quarter. IBM shares, meanwhile, briefly fell at the open before recovering after the company reported its fourth consecutive revenue decline. Declining sales from IBM’s IT di


Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results. The Dow Jones Industrial Average dropped 150 points, or 0.5%, while the S&P 500 slid 0.4%. Those metrics — which are key for Netflix — offset a better-than-expected earnings per share result for the previous quarter. IBM shares, meanwhile, briefly fell at the open before recovering after the company reported its fourth consecutive revenue decline. Declining sales from IBM’s IT di
Dow falls 150 points, heads for 3-day losing streak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: fred imbert
Keywords: news, cnbc, companies, offset, 05, wall, streak, reported, dow, 150, betterthanexpected, shares, wealth, growth, falls, fell, heads, points, 3day, losing, earnings


Dow falls 150 points, heads for 3-day losing streak

Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.

The Dow Jones Industrial Average dropped 150 points, or 0.5%, while the S&P 500 slid 0.4%. The Nasdaq Composite lagged, falling 0.6%.

Netflix shares plunged more than 11% after the streaming giant reported a surprise loss in U.S. subscribers coupled with slower-than-expected international membership growth. Those metrics — which are key for Netflix — offset a better-than-expected earnings per share result for the previous quarter.

IBM shares, meanwhile, briefly fell at the open before recovering after the company reported its fourth consecutive revenue decline. Declining sales from IBM’s IT division offset growth in its cloud business.

Morgan Stanley posted better-than-expected quarterly results, driven by its wealth management and fund divisions. The stock rose 0.5%.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: fred imbert
Keywords: news, cnbc, companies, offset, 05, wall, streak, reported, dow, 150, betterthanexpected, shares, wealth, growth, falls, fell, heads, points, 3day, losing, earnings


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Dow drops 100 points as stocks fall for second day on concern about earnings

Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers. CSX posted Tuesday after the close weaker-than-forecast quarterly results, sending its stock down more than 10%, its biggest one-day drop since 2008. United Airlines, meanwhile, reported earnings and revenue that topped analyst expectations and increased its share buyback program by $3 billion. More than 7% of S&P 500 companies have reported second-qu


Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers. CSX posted Tuesday after the close weaker-than-forecast quarterly results, sending its stock down more than 10%, its biggest one-day drop since 2008. United Airlines, meanwhile, reported earnings and revenue that topped analyst expectations and increased its share buyback program by $3 billion. More than 7% of S&P 500 companies have reported second-qu
Dow drops 100 points as stocks fall for second day on concern about earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: fred imbert
Keywords: news, cnbc, companies, growth, quarterly, earnings, points, concern, companies, stocks, day, drops, revenue, second, reported, fall, sp, posted, results, stock, 100, dow


Dow drops 100 points as stocks fall for second day on concern about earnings

Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers.

The Dow Jones Industrial Average dropped 115 points, or 0.4%. The S&P 500 slid 0.7%. The Nasdaq Composite closed 0.5% lower.

Stocks closed at their lows of the day just after the Wall Street Journal reported that progress on a trade deal with China are stalled over restrictions on Huawei, citing people familiar with the talks.

Bank of America reported better-than-expected earnings on Wednesday, driven by the strength of its retail banking operation. However, the company’s CFO warned that lower rates would hit its net interest income growth. The stock rose around 0.7%.

CSX posted Tuesday after the close weaker-than-forecast quarterly results, sending its stock down more than 10%, its biggest one-day drop since 2008. The company also said it expects full-year revenue to fall between 1% and 2%. CSX’s decline pushed the Dow Transports down 3.6%.

“It’s shaping up to be a less-than-positive quarter and I doubt managements are going to be terribly optimistic about the rest of the year, although we have easier numbers to go up against,” said Maris Ogg, president at Tower Bridge Advisors.

United Airlines, meanwhile, reported earnings and revenue that topped analyst expectations and increased its share buyback program by $3 billion.

Cintas shares jumped more than 8% after the First Aid kit maker’s results beat expectations.

More than 7% of S&P 500 companies have reported second-quarter earnings thus far, according to FactSet data. Of those companies, about 85% have posted profits that beat analyst expectations. The reported earnings growth of those companies is about 3.1%.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: fred imbert
Keywords: news, cnbc, companies, growth, quarterly, earnings, points, concern, companies, stocks, day, drops, revenue, second, reported, fall, sp, posted, results, stock, 100, dow


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Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note

The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector. The Dow and S&P 500 are up 1.3% and 0.6%, respectively.


The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector. The Dow and S&P 500 are up 1.3% and 0.6%, respectively.
Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: fred imbert
Keywords: news, cnbc, companies, ends, street, dow, higher, wall, high, stocks, recordbreaking, week, note, sp, points, 500, jumps, strong, rising, respectively


Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note

Stocks rose to all-time highs on Friday as investors looked to end a record-setting week on a high note after testimony from the top Federal Reserve official signaled that a rate cut was coming.

The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. The Nasdaq Composite advanced 0.5% to a record high.

Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. Intel and Caterpillar, meanwhile, climbed 2.3% and 2.4%, respectively. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector.

The major indexes were headed for solid weekly gains. The Dow and S&P 500 are up 1.3% and 0.6%, respectively. The Nasdaq, meanwhile, is up 0.9% this week. Investors have been piling into stocks in recent weeks amid expectations that the Fed will cut interest rates later this month.

“You can’t fight the Fed here,” said Michael Katz, partner at Seven Points Capital. “We have a strong bull market and we have a strong uptrend. As long as we’re heading higher, we’ve got to keep buying dips and not fight the trend.”

Fed Chair Jerome Powell testified in front of congressional leaders this week that “crosscurrents” from weaker overseas economic activity and rising trade tensions are dampening the outlook on the U.S. economy.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: fred imbert
Keywords: news, cnbc, companies, ends, street, dow, higher, wall, high, stocks, recordbreaking, week, note, sp, points, 500, jumps, strong, rising, respectively


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Dow jumps 160 points to break above 27,000 for the first time ever

The 30-stock average broke above 27,000 for the first time in its history, rising 168 points or 0.6%. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. “This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. The S&P 500 traded just above the flatline on Thursday and briefly broke back above 3,000 while the Nasdaq Compos


The 30-stock average broke above 27,000 for the first time in its history, rising 168 points or 0.6%. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. “This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. The S&P 500 traded just above the flatline on Thursday and briefly broke back above 3,000 while the Nasdaq Compos
Dow jumps 160 points to break above 27,000 for the first time ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
Keywords: news, cnbc, companies, 27000, cut, shares, rate, testimony, 160, break, broke, week, sp, powell, points, jumps, trade, dow


Dow jumps 160 points to break above 27,000 for the first time ever

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.

The 30-stock average broke above 27,000 for the first time in its history, rising 168 points or 0.6%. The Dow first closed above 26,000 in January of 2018 so it’s been a little more than a year-and-half trek between 1,000 point moves, with the gains largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China.

Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. Visa, Cisco Systems and Nike are also up sharply since then.

“This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. “I do have a little bit of caution going into the earnings season because we have some forward-guidance uncertainty with the trade tensions, but the wind in the sails continues to be that dovish stance from Powell.”

The S&P 500 traded just above the flatline on Thursday and briefly broke back above 3,000 while the Nasdaq Composite slipped 0.2%. The S&P 500 first broke above 3,000 on Wednesday.

UnitedHealth shares surged more than 5% after the White House dropped a proposal to eliminate drug rebates. CVS Health and Cigna also jumped on the news, gaining 4.3% and 8%, respectively.

Delta Air Lines rose 1.3% on better-than-expected earnings.

In testimony to the House Financial Services Committee on Wednesday, Powell said business investments across the U.S. have slowed “notably” recently as uncertainties over the economic outlook linger. As a result, expectations of an upcoming rate cut grew.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
Keywords: news, cnbc, companies, 27000, cut, shares, rate, testimony, 160, break, broke, week, sp, powell, points, jumps, trade, dow


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These are the stocks that have powered the Dow’s rally to 27,000

The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. Microsoft has been the best performer on the index, soaring more than 50% during this period. Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27


The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. Microsoft has been the best performer on the index, soaring more than 50% during this period. Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27
These are the stocks that have powered the Dow’s rally to 27,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: yun li
Keywords: news, cnbc, companies, 27000, rally, market, surged, performer, nearly, index, period, dows, soaring, powered, stocks, dow


These are the stocks that have powered the Dow's rally to 27,000

Another day, another market milestone. The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points.

It took the 30-stock index about a year and a half to reach the round-number record as the blue-chip benchmark first closed above 26,000 on January 17, 2018. Microsoft has been the best performer on the index, soaring more than 50% during this period. The software giant also hit $1 trillion market cap in April.

Visa is a close second, up nearly 48% since the Dow hit the last watermark. Cisco and Nike also notched gains of more than 35% over the same time. Other leaders include Merck, Disney, American Express and Procter & Gamble.

Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The iPhone maker was the 11th performer, gaining 13% over the period. 3M, Walgreens and Caterpillar have underperformed the index, all down more than 20% since the Dow reached 26,000.

The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27,000 mark. Shares of Dow-component UnitedHealth surged 5% after the White House said it has withdrawn its proposal to eliminate rebates from government drug plans, a big step in its effort to lower prescription drug prices.

— CNBC’s Christopher Hayes contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: yun li
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The Fed ‘put’ could insulate stocks from trade wars, send the Dow to 28,000

The thinking is that there is a ‘Fed put’ on the stock market, meaning with the Fed ready to cut interest rates, how much downside could there be for the market? Fed Chair Jerome Powell’s dovish comments this week sparked a stock market rally Wednesday and part of Thursday, driving the three major indices to new highs. Economists widely expect the Fed to cut interest rates at its July meeting by at least 25 basis points, or a quarter point. Highly indebted companies, including many smaller firms


The thinking is that there is a ‘Fed put’ on the stock market, meaning with the Fed ready to cut interest rates, how much downside could there be for the market? Fed Chair Jerome Powell’s dovish comments this week sparked a stock market rally Wednesday and part of Thursday, driving the three major indices to new highs. Economists widely expect the Fed to cut interest rates at its July meeting by at least 25 basis points, or a quarter point. Highly indebted companies, including many smaller firms
The Fed ‘put’ could insulate stocks from trade wars, send the Dow to 28,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: patti domm
Keywords: news, cnbc, companies, 28000, market, wars, rate, interest, send, stock, earnings, rates, fed, quarter, insulate, stocks, trade, dow


The Fed 'put' could insulate stocks from trade wars, send the Dow to 28,000

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters

With a potentially negative earnings season looming, investors see easy Fed policy as the security blanket the stock market needs as it breaks to new highs. The thinking is that there is a ‘Fed put’ on the stock market, meaning with the Fed ready to cut interest rates, how much downside could there be for the market? But that question gets trickier with the stock market carving out new highs, and an upcoming earnings season that is forecast to see profits decline. The Fed “is the factor,” said Michael Farr of Farr, Miller & Washington. “If you don’t have organic earnings growth and improving balance sheets, what else is going to drive prices?” Fed Chair Jerome Powell’s dovish comments this week sparked a stock market rally Wednesday and part of Thursday, driving the three major indices to new highs. Stocks were off their highs Thursday afternoon, after indices briefly breached big round milestones. The S&P 500 rose above 3,000 for the first time ever Wednesday, and the Dow topped 27,000 Thursday. Many Wall Street analysts have their year end targets set around 3,000 or below, and the average target of analysts surveyed by CNBC is 2,950.

Economists widely expect the Fed to cut interest rates at its July meeting by at least 25 basis points, or a quarter point. The fed funds target rate range is currently 2.25% to 2.50%. Investors in the fed fund futures market are pricing in a little more than a full quarter point cut for July, but nearly three 25 basis point cuts by the end of the year. “My thought is if rates don’t fall, stock prices will,” said Sam Stovall, chief investment strategist at CFRA. If the Fed does not take action to cut interest rates at at its next meeting, on July 31, Stovall said the market could head for a correction pretty quickly. Stocks have been rising ahead of the Fed’s expected action, and history shows they could keep on rising once the Fed starts the rate-cutting cycle. Stovall said the S&P 500, since World War II, has risen 10.3% on average in the six months after the Fed starts cutting rates, and then 14% by the end of the first year. Beyond the Fed, strategists said the stock market needs to see steady economic data and the trade war to be resolved between the U.S. and China to make a big leap forward. “I think the market is trying to decipher now how many rate cuts and how much and whether the first one will be an important inoculation. Clearly the Fed sees the global slowdown coupled with uncertainty with the tariffs as a significant downside risk,” said Quincy Krosby, chief market strategist at Prudential Financial. Net benefits to stocks from lower interest rates could be a weaker dollar, which would filter through as a positive to the earnings of S&P 500 companies with overseas sales. Highly indebted companies, including many smaller firms, would also see a lift from lower interest rates. “If the Fed is here and the tariff issues are resolved, the markets can continue moving higher. There is no doubt there will be pullbacks. But nonetheless, the Fed will help…It will weaken the dollar. It will be helpful for all markets. It will be helpful for emerging markets. It will be helpful for the Chinese. And U.S. exporters,” said Krosby. “Right now for the market, if they’re going to lower rates and there’s no further deterioration in the economy, that is the best back drop for markets.”

But the roll out of corporate earnings next week could be a challenge. Stovall said S&P 500 earnings are collectively expected to decline 1.7% for the second quarter, after rising 2.5% in the first quarter. Earnings are key to the way the market values stocks, and with the earnings season starting next week, bad news could come out not only in the second quarter reports but in forecasts. Companies could certainly be glum as they detail the impact of tariffs, global weakness and even dollar strength on their bottom lines.

Rate-cutting cycles and stocks

Industrial supply company, Fastenal, for instance, reported Thursday that it was able to raise prices to offset tariffs on products sourced from China, but the increases were not enough to offset rising costs. But analysts expect like last quarter, companies have guided too low on their profit outlooks, and earnings may surprise to the upside. “On the whole, given the fact that earnings expectations are so subdued, it’s not likely to be an aggregate market negative,” said Julian Emanuel, chief equity and derivative strategist at BTIG. “It’s going to be an environment, where it’s good for some stocks, bad for others.” On top of that, the Fed’s rate cutting can only help a market that has already run up ahead of the Fed’s action.

Emanuel said cyclical parts of the market could benefit more from lower interest rates, including energy and financials. The Fed had been criticized for its last rate hike in December, when stocks sold off, the outlook for growth began to fade and trade wars weighed on business confidence. But the Fed paused its rate hikes early in the year, and began in earnest to make the shift toward an easier policy when trade friction between the U.S. and China heated up in May. Big moves have already been seen in the real rates market. Treasury yields, which move opposite bond prices, have dropped dramatically. The benchmark 10-year Treasury yield went from a 2019 high of 2.799% to a low of 1.93%. It was at 2.12% Thursday. That yield influences mortgages and other lending rates. Just the recent rise in long term rates, shows that the market believes the Fed will succeed in fending off a recession, Emanuel said. “If you look at the entire year, the fact that the Fed pivoted as it did on Jan. 4 to be on balance supportive of the market, it’s very important,” said Emanuel. “And it’s all the more important given the developing expectation there is no quick fix for the trade war and the whole idea that earnings growth is subdued.”

What about global economy?


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: patti domm
Keywords: news, cnbc, companies, 28000, market, wars, rate, interest, send, stock, earnings, rates, fed, quarter, insulate, stocks, trade, dow


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Dow rallies 200 points to close above 27,000 for the first time ever

The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it


The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it
Dow rallies 200 points to close above 27,000 for the first time ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
Keywords: news, cnbc, companies, dow, close, powell, 200, cut, rallies, 27000, testimony, week, sp, points, record, rising, shares, trade


Dow rallies 200 points to close above 27,000 for the first time ever

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.

The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. The gains were largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China.

Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. Visa, Cisco Systems and Nike are also up sharply since then.

“This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. “I do have a little bit of caution going into the earnings season because we have some forward-guidance uncertainty with the trade tensions, but the wind in the sails continues to be that dovish stance from Powell.”

The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it traded above 3,000 for the first time ever. The Nasdaq Composite slipped 0.1% to 8,196.04.

UnitedHealth shares surged more than 5% after the White House dropped a proposal to eliminate drug rebates. CVS Health and Cigna also jumped on the news, gaining 4.7% and 9.2%, respectively.

Delta Air Lines rose 1.1% on better-than-expected earnings.

In testimony to the House Financial Services Committee on Wednesday, Powell said business investments across the U.S. have slowed “notably” recently as uncertainties over the economic outlook linger. As a result, expectations of an upcoming rate cut grew.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
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Dow futures lower ahead as investors await Powell’s speech

U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell. ET, Dow futures slipped 93 points, indicating a negative open of more than 100 points. Wall Street closed lower on Monday on the back of negative sentiment in the tech sector. This comes just after a stronger-than-expected jobs report raised questions about the central bank’s rate policy. Furthermore, a new NFIB survey will be out at 6 a.m. and a new JOLTS report will be


U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell. ET, Dow futures slipped 93 points, indicating a negative open of more than 100 points. Wall Street closed lower on Monday on the back of negative sentiment in the tech sector. This comes just after a stronger-than-expected jobs report raised questions about the central bank’s rate policy. Furthermore, a new NFIB survey will be out at 6 a.m. and a new JOLTS report will be
Dow futures lower ahead as investors await Powell’s speech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: silvia amaro
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Dow futures lower ahead as investors await Powell's speech

U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell.

At around 03:35 a.m. ET, Dow futures slipped 93 points, indicating a negative open of more than 100 points. Futures on the S&P and Nasdaq were also lower.

Wall Street closed lower on Monday on the back of negative sentiment in the tech sector. However, the big focus this Tuesday is on the Federal Reserve. Jerome Powell will give a testimony at 8:45 a.m. ET. This comes just after a stronger-than-expected jobs report raised questions about the central bank’s rate policy.

Traders have priced in a 100% probability of a Fed rate cut in July, according to the CME Group’s FedWatch tool. However, expectations for a more aggressive cut were tempered by the jobs data released Friday.

Furthermore, a new NFIB survey will be out at 6 a.m. and a new JOLTS report will be released at 10 a.m. ET.

In the corporate world, PepsiCo and Levi Strauss will update investors on their latest performance.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: silvia amaro
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Dow falls more than 100 points as Apple leads tech slide

Stocks fell on Monday as losses in Apple shares pressured the broader tech sector. Apple shares fell more than 2% after an analyst at Rosenblatt Securities downgraded them to sell from neutral. Other tech shares like NetApp and Juniper Networks fell more than 3% each. However, AB Bernstein tech analyst Toni Sacconaghi is worried about the sector moving forward given its sky high valuation and a deteriorating earnings picture. “Risk is increasing in tech, especially with high priced stocks,” Sacc


Stocks fell on Monday as losses in Apple shares pressured the broader tech sector. Apple shares fell more than 2% after an analyst at Rosenblatt Securities downgraded them to sell from neutral. Other tech shares like NetApp and Juniper Networks fell more than 3% each. However, AB Bernstein tech analyst Toni Sacconaghi is worried about the sector moving forward given its sky high valuation and a deteriorating earnings picture. “Risk is increasing in tech, especially with high priced stocks,” Sacc
Dow falls more than 100 points as Apple leads tech slide Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: fred imbert, jeff cox
Keywords: news, cnbc, companies, sp, 100, apple, sector, falls, slide, analyst, fell, tech, techs, sacconaghi, lagged, points, shares, dow, leads, stocks


Dow falls more than 100 points as Apple leads tech slide

Stocks fell on Monday as losses in Apple shares pressured the broader tech sector. Investors also braced for key testimony from the top Federal Reserve official later this week.

The Dow Jones Industrial Average traded 136 points lower while the S&P 500 pulled back 0.6%. The Nasdaq Composite lagged, sliding 0.9%.

Apple shares fell more than 2% after an analyst at Rosenblatt Securities downgraded them to sell from neutral. The analyst said the stock will “face fundamental deterioration over the next 6 to 12 months ” as Apple’s iPhone sales disappoint and growth in other products slows down.

Other tech shares like NetApp and Juniper Networks fell more than 3% each. Applied Materials and Lam Research both declined more than 1%.

Tech has been a stalwart on Wall Street this year. The sector is up more than 27% in 2019 and is outperforming the S&P 500 by about 7 percentage points.

However, AB Bernstein tech analyst Toni Sacconaghi is worried about the sector moving forward given its sky high valuation and a deteriorating earnings picture.

“Risk is increasing in tech, especially with high priced stocks,” Sacconaghi wrote in a note Monday.

“Part of tech’s challenge is that it is comping against a tough 2018. Tech’s earnings lagged the broader market last year, as tax reform more favorably impacted other sectors and expectations for 2020 don’t improve dramatically.”


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: fred imbert, jeff cox
Keywords: news, cnbc, companies, sp, 100, apple, sector, falls, slide, analyst, fell, tech, techs, sacconaghi, lagged, points, shares, dow, leads, stocks


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