Stock Market Today

Monday, June 18 2018

Daily Updates

Stock Market Today: June 18, 2018

William G. Ferguson | 06/18/2018

With less than an hour to go before the commencement of trading stateside, the equity futures are presaging a lower opening for the U.S. stock market. Overnight, the main indexes finished lower on last week’s tariff announcement from the Trump Administration and retaliatory measures from China’s government. Beijing said it would retaliate immediately by slapping tariffs on American export products, including crude oil, and suspend all previous trade agreements with Trump's administration. Fears that the quarrel between the world's two largest economies could intensify and threaten the health of the global economy is weighing on the major European bourses and is adding to the recent pressure on global oil prices.

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Featured Commentaries View all

Markets Commentaries

The Federal Reserve Does The Expected, But Says What Was Unexpected

Harvey S. Katz, CFA | 06/13/2018

This afternoon, an increasingly transparent Federal Reserve Board raised its target on the federal funds rate by 25 basis points, or one-quarter of a percentage point. That move was widely expected and taken by itself should not have elicited much reaction by the markets. What Wall Street was not necessarily expecting was a suggestion that the lead bank was aiming for two additional rate hikes this year.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems Third Quarter Fiscal 2018

Kevin Downing | 05/17/2018

Networking equipment and software maker Cisco Systems (CSCO) has reported in-line results for the April quarter. Total revenue of $12.5 billion was slightly higher than our $12.4 billion estimate, and grew 4% year over year. Product sales rose 5%, while service revenue only advanced 3%. The latter was somewhat worse than investors had been looking for, and the shares declined marginally as a result.

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