The last day of the week began on the upside, but stocks largely trended downward throughout the session. To varying degrees, the market’s slide could be attributed to mixed corporate earnings reports, escalating tension in the Middle East, unsettled trade talks between the U.S. and China, and uncertainty about the Federal Reserve’s next move. Regarding the latter, media reports surfaced suggesting the lead bank will only cut interest rates by a quarter point at its next meeting in July, whereas expectations had been rising for a half point cut.
The markets started the day lower
, as some mixed earnings reports
about a trade deal with China
taking longer than expected hurt sentiment. All in all, the Dow closed the day up three points, the S&P 500 was higher by 11 points, and the NASDAQ gained 22 points.
The equity market opened lower this morning
, and was unable to recover any ground in the afternoon.
In fact, some late-day selling made matters quite a bit worse. Traders
were likely concerned that the second-quarter earnings season
may show some signs of weakness forming in the corporate sector.
The markets started out choppily today
the release of solid economic news
and generally better quarterly earnings reports
. Retail sales were higher than expected, while earnings at a few banks showed solid year-over-year gains. All told, the Dow closed down 24 points, the S&P 500 was lower by 10 points, and the NASDAQ decreased 35 points.
The stock market
started a new week
on Wall Street
with a somewhat muted performance
. Today, investors
seemed a bit more concerned
about the corporate profit outlook
, now that the second-quarter earnings season
has begun. Further, these worries seemed to offset
some of the optimism
about a more dovish Federal Reserve
. At the close of trading today, the Dow Jones Industrial Average was ahead 27 points; the S&P 500 Index was up nominally; and the NASDAQ was higher by 14 points.
The stock market got off to a positive start this morning
, managed to move higher in the afternoon
, and closed out the day
with the broader averages
at record levels
that Federal Reserve’s plans
to maintain a supportive stance
, in an effort to engender further economic expansion. In fact, many are expecting an interest-rate cut at the July meeting. At the close of trading today, the Dow Jones Industrial Average was ahead 244 points; the S&P 500 Index was up 14 points; and the NASDAQ was higher by 48 points.
The futures markets started out positively today
, as sentiment improved
concerning a potential rate cut from the U.S. Federal Reserve
. This uptick continued into the early portion of trading and the Dow Jones Industrial Average eclipsed the 27,000 mark, while the other composites reached higher. However, this was slightly short-lived after the inflation data showed a slight pickup, which caused traders to speculate that a smaller rate cut was likelier, and the indices started to fall.
The futures were negative in overnight trading, as fears rose ahead
of U.S. Federal Reserve Chair Powell’s testimony to Congress
. However, this trend quickly reversed
itself once his prepared remarks
, which stated that “cross currents are weighing on the economy
” and the Federal Reserve
will “act as appropriate
”, were released
. The Dow Jones Industrial Average, S&P 500, and NASDAQ indices all moved quickly to all-time highs following that release. Ultimately, the major market averages finished the day positively. All told, the Dow closed higher by 77 points
, the S&P 500
was up by 13 points
, and the NASDAQ gained 61 points
The stock market opened lower
, selectively pared its losses
, and ended on a mixed note
, thanks to some late-day buying.
Earlier in the session, investors
may have been hurt
by the ongoing trade dispute
. Further, a sense that the Federal Reserve
may not lower interest rates
aggressively in the immediate future likely weighed on the market, as well. At the close of trading today, the Dow Jones Industrial Average was down almost 23 points; the S&P 500 Index was up four points; and the NASDAQ was higher by 43 points.
Equities opened lower
this morning, and remained under pressure
for most of the session. The weakness today likely reflected investor concerns surrounding interest rates. Some believe that the Federal Reserve may not opt to lower rates as fast as some had hoped. By the end of trading today, the Dow Jones Industrial Average
was down 116 points
; the S&P 500 Index
was off 14 points
; and the NASDAQ was lower
by 63 points