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The latest breaking Stockmarket news articles, financial market and more.

 

Caterpillar downgrade pressures the overall stock market - CNBC

Financial stocks such as Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) were higher in premarket trading after all 34 banks facing the Dodd-Frank stress tests were determined to be able to operate under severely adverse conditions. (CNBC)

American (AAL) CEO Doug Parker said he found the attempt by Qatar Airways to buy as much as 10 percent of his airline "confusing" and "misguided and ill-conceived." Parker has been a longtime critic of Gulf carriers such as Qatar. (CNBC)

GOP Senate leaders, like in the House, are facing the same dilemma on their Obamacare replacement bill, getting conservatives and moderates onboard. Four Republican senators said they're not ready to sign on yet. The GOP only has a two-seat majority in the Senate. (CNBC)

Despite the recent streak of special election congressional wins for Republicans, a new NBC News/Wall Street...


Read full article on News GN StockMarket


Read more: Caterpillar downgrade pressures the overall stock market - CNBC

Why the stock market keeps going up, up, up - New York Post

All news is good news, apparently — at least if you judge by the stock market.

US economic growth is sluggish, consumer confidence is down and President Trump’s tax reform is stalled. And yet, the market isn’t spooked — it has climbed to historic highs.

The question is why.

After all, the warning signs aren’t imaginary. The slow uphill trudge of Trump’s health-care reform is holding up his tax cuts because his aides say he needs health-care budget savings to finance them.

Many investors I speak to are particularly obsessed with slashing the corporate-tax rate from its current level of 35 percent — one of the highest in the world — to around 15 percent or 20 percent because it would boost earnings and thus lift stock prices. If that doesn’t materialize, and more global unrest does, stocks could finally take the pounding they’ve avoided so far.

There’s also the fact that the rally,...


Read full article on News GN StockMarket


Read more: Why the stock market keeps going up, up, up - New York Post

Stock market books weekly, daily gain as tech and energy sectors rally - MarketWatch

U.S. stocks finished mostly higher Friday as investors scooped up battered energy shares, and technology stocks extended their recent advance, helping the main indexes close out the week on a positive note.

The S&P 500 SPX, +0.16%  rose 3.80 points, or 0.2%, to end at 2,438.30 with technology stocks up 0.7% and energy shares adding 0.8%.

The Dow Jones Industrial Average DJIA, -0.01%  slipped 2.53 points to close at 21,394.76 in an up-and-down session. The tech-heavy Nasdaq Composite Index COMP, +0.46%  advanced 28.56 points, or 0.5%, to finish at 6,265.25.

For the week, the S&P 500 posted a weekly gain of 0.2%, while the Dow industrials were mostly flat and the Nasdaq logged a 1.8% weekly climb.

The fact that oil prices held up well considering concerns about a continuing supply glut also helped to buoy the market, said Peter Cardillo, chief market economist at First Standard...


Read full article on News GN StockMarket


Read more: Stock market books weekly, daily gain as tech and energy sectors rally - MarketWatch

What Russell index rebalancing means for the stock market ... - MarketWatch

It is so-called Russell rebalancing day. That is the annual reconstitution of the Russell Indexes, where the index provider makes rule-based changes to composition of its indexes, to ensure that changes in market value or investment styles, like shares of companies deemed value or growth, for example, are properly accounted.

The combination of the Russell 1000 RUI, +0.20% and Russell 2000 RUT, +0.73% indexes represents about 98% of the investible U.S. equity markets, also captured in the Russell 3000 RUA, +0.24% with the rebalancing, set to occur at end of day Friday, intended to refresh the equity landscape for the next year in a year marked by record-setting moves for U.S. equities.

Mat Lystra, senior research analyst, FTSE Russell Indexes, told MarketWatch that moves in financials and energy shares over the past year will represent the most notable alterations in the Russell...


Read full article on News GN StockMarket


Read more: What Russell index rebalancing means for the stock market ... - MarketWatch

'Trump gridlock' has benefits for the stock market, expert says - CNBC

Because of this "gridlock," investors can get back to looking at fundamentals, Andersen told "Power Lunch" on Friday.

"There are plenty of stocks out there that we just haven't been paying attention to because we've been so distracted with trying to integrate all the Trumponomics and now finally we're decoupling that," the chief investment officer at Fiduciary Trust said.

He believes there are contrarian plays with turnaround stories that could provide some upside return.

For example, Andersen likes General Mills, "one of the most hated stocks" on Wall Street. He thinks it could see 10 to 20 percent upside.

"Some simple logic tells you they can probably cobble together an action plan to get themselves back on track," he said.

Anderson also likes Oracle, because he believes it is finally getting serious about its cloud business.

Meanwhile, investment strategist Bill Stone is focusing...


Read full article on News GN StockMarket


Read more: 'Trump gridlock' has benefits for the stock market, expert says - CNBC

Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Scientists researchers laboratory biotechA couple of chemists celebrating biotech's big week. U.S. Army RDECOM / Flickr

Don't look now, but there's some competition brewing atop the equity market standings.

US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look poised to give them a run for their money.

The Nasdaq Biotechnology Index (NBI) surged 9.2% over the five days, its biggest increase since the week of the election. Portola Pharmaceuticals and Clovis Oncology led the charge for the 162-company gauge, both climbing more than 55%.

In addition, an exchange-traded fund tracking the gauge absorbed more than $700 million during the three days ended Friday, the biggest inflow since early November for a period of that length.

ibb fund flowBusiness Insider / Andy Kiersz, data from...


Read full article on News GN StockMarket


Read more: Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Want to know where the stock market's headed over the next 6 months? Don't ask OPEC - MarketWatch

The vagaries of crude-oil and appeared to weigh heavily on stocks in the past week, but as the landscape of rest of 2017 looks set to unfurl into the second half, it’s hard to make a case that a downturn in oil will be the dagger that takes down a bull market headed into its ninth year.

That is because oil’s gravitational pull on the markets is far from what it used to be during crude’s halcyon days of three-digit price tags. Back in 2008, oil’s moves were closely aligned with equity benchmarks like the S&P 500 index SPX, +0.16% the Dow Jones Industrial Average DJIA, -0.01% and the Nasdaq Composite Index COMP, +0.46% demonstrating a positive correlation. That is, tending to move in the same direction at the same time. But since its recent peak around 2014, oil’s relationship with oil has diminished if not broken down.

The chart attached shows the relative moves of crude-oil futures


Read full article on News GN StockMarket


Read more: Want to know where the stock market's headed over the next 6 months? Don't ask OPEC - MarketWatch

The booming stock market is in denial, economist David Rosenberg ... - CNBC

Fresh stock market records could be creating a false sense of security in the market.

Gluskin Sheff's David Rosenberg, one of the first Wall Street strategists to turn bullish following the 2008 financial crisis, says investors could be taking on a lot more risk than they think by pouring money into U.S. equities.

It comes as an anomaly continues in the market. Bond yields, a "safe haven" asset, have been falling while stocks have been rising.

"We all have to make up our minds as to which of these two asset classes has the right story," Rosenberg said Monday on CNBC's "Trading Nation." "It reminds me of the period in the fall of 2007 when the stock market was putting in a classic double top, and everybody thought that we were going to have the longest cycle on record. The bond market was telling you a different story altogether."

In a recent research note, Rosenberg wrote: "Mr....


Read full article on News GN StockMarket


Read more: The booming stock market is in denial, economist David Rosenberg ... - CNBC

Why the stock market keeps going up, up, up - New York Post

All news is good news, apparently — at least if you judge by the stock market.

US economic growth is sluggish, consumer confidence is down and President Trump’s tax reform is stalled. And yet, the market isn’t spooked — it has climbed to historic highs.

The question is why.

After all, the warning signs aren’t imaginary. The slow uphill trudge of Trump’s health-care reform is holding up his tax cuts because his aides say he needs health-care budget savings to finance them.

Many investors I speak to are particularly obsessed with slashing the corporate-tax rate from its current level of 35 percent — one of the highest in the world — to around 15 percent or 20 percent because it would boost earnings and thus lift stock prices. If that doesn’t materialize, and more global unrest does, stocks could finally take the pounding they’ve avoided so far.

There’s also the fact that the rally,...


Read full article on News GN StockMarket


Read more: Why the stock market keeps going up, up, up - New York Post

Today's Stock Market - What Matters Most - Seeking Alpha

Summary

U.S. banks passed the Fed's stress test, providing a positive tone to the start of today's trading.

U.S. oil rig count data looms large and should dictate direction today after 1:00 PM, and add drag until then.

Economic data out of Europe was relatively positive, though less good.

U.S. data matters, with housing and manufacturing information on tap.

Investors have reason to hope this morning, but a cloud hangs over the market into the afternoon nonetheless. Overseas news was strong today, with a positive German economic signal. Here at home, U.S. banks passed the Fed's stress tests. Economic data this morning covering housing and manufacturing could swing things, as could Fed speak. But there is an overhanging weight through the 1:00 PM hour that should add drag through the morning; the weekly Baker Hughes Rig Count data looms large given burgeoning U.S. energy production...


Read full article on News GN StockMarket


Read more: Today's Stock Market - What Matters Most - Seeking Alpha

Caterpillar downgrade pressures the overall stock market - CNBC

Financial stocks such as Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) were higher in premarket trading after all 34 banks facing the Dodd-Frank stress tests were determined to be able to operate under severely adverse conditions. (CNBC)

American (AAL) CEO Doug Parker said he found the attempt by Qatar Airways to buy as much as 10 percent of his airline "confusing" and "misguided and ill-conceived." Parker has been a longtime critic of Gulf carriers such as Qatar. (CNBC)

GOP Senate leaders, like in the House, are facing the same dilemma on their Obamacare replacement bill, getting conservatives and moderates onboard. Four Republican senators said they're not ready to sign on yet. The GOP only has a two-seat majority in the Senate. (CNBC)

Despite the recent streak of special election congressional wins for Republicans, a new NBC News/Wall Street...


Read full article on News GN StockMarket


Read more: Caterpillar downgrade pressures the overall stock market - CNBC

What Russell index rebalancing means for the stock market ... - MarketWatch

It is so-called Russell rebalancing day. That is the annual reconstitution of the Russell Indexes, where the index provider makes rule-based changes to composition of its indexes, to ensure that changes in market value or investment styles, like shares of companies deemed value or growth, for example, are properly accounted.

The combination of the Russell 1000 RUI, +0.20% and Russell 2000 RUT, +0.73% indexes represents about 98% of the investible U.S. equity markets, also captured in the Russell 3000 RUA, +0.24% with the rebalancing, set to occur at end of day Friday, intended to refresh the equity landscape for the next year in a year marked by record-setting moves for U.S. equities.

Mat Lystra, senior research analyst, FTSE Russell Indexes, told MarketWatch that moves in financials and energy shares over the past year will represent the most notable alterations in the Russell...


Read full article on News GN StockMarket


Read more: What Russell index rebalancing means for the stock market ... - MarketWatch

'Trump gridlock' has benefits for the stock market, expert says - CNBC

Because of this "gridlock," investors can get back to looking at fundamentals, Andersen told "Power Lunch" on Friday.

"There are plenty of stocks out there that we just haven't been paying attention to because we've been so distracted with trying to integrate all the Trumponomics and now finally we're decoupling that," the chief investment officer at Fiduciary Trust said.

He believes there are contrarian plays with turnaround stories that could provide some upside return.

For example, Andersen likes General Mills, "one of the most hated stocks" on Wall Street. He thinks it could see 10 to 20 percent upside.

"Some simple logic tells you they can probably cobble together an action plan to get themselves back on track," he said.

Anderson also likes Oracle, because he believes it is finally getting serious about its cloud business.

Meanwhile, investment strategist Bill Stone is focusing...


Read full article on News GN StockMarket


Read more: 'Trump gridlock' has benefits for the stock market, expert says - CNBC

Stock market books weekly, daily gain as tech and energy sectors rally - MarketWatch

U.S. stocks finished mostly higher Friday as investors scooped up battered energy shares, and technology stocks extended their recent advance, helping the main indexes close out the week on a positive note.

The S&P 500 SPX, +0.16%  rose 3.80 points, or 0.2%, to end at 2,438.30 with technology stocks up 0.7% and energy shares adding 0.8%.

The Dow Jones Industrial Average DJIA, -0.01%  slipped 2.53 points to close at 21,394.76 in an up-and-down session. The tech-heavy Nasdaq Composite Index COMP, +0.46%  advanced 28.56 points, or 0.5%, to finish at 6,265.25.

For the week, the S&P 500 posted a weekly gain of 0.2%, while the Dow industrials were mostly flat and the Nasdaq logged a 1.8% weekly climb.

The fact that oil prices held up well considering concerns about a continuing supply glut also helped to buoy the market, said Peter Cardillo, chief market economist at First Standard...


Read full article on News GN StockMarket


Read more: Stock market books weekly, daily gain as tech and energy sectors rally - MarketWatch

Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Scientists researchers laboratory biotechA couple of chemists celebrating biotech's big week. U.S. Army RDECOM / Flickr

Don't look now, but there's some competition brewing atop the equity market standings.

US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look poised to give them a run for their money.

The Nasdaq Biotechnology Index (NBI) surged 9.2% over the five days, its biggest increase since the week of the election. Portola Pharmaceuticals and Clovis Oncology led the charge for the 162-company gauge, both climbing more than 55%.

In addition, an exchange-traded fund tracking the gauge absorbed more than $700 million during the three days ended Friday, the biggest inflow since early November for a period of that length.

ibb fund flowBusiness Insider / Andy Kiersz, data from...


Read full article on News GN StockMarket


Read more: Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Why the stock market keeps going up, up, up | New York Post - New York Post

All news is good news, apparently — at least if you judge by the stock market.

US economic growth is sluggish, consumer confidence is down and President Trump’s tax reform is stalled. And yet, the market isn’t spooked — it has climbed to historic highs.

The question is why.

After all, the warning signs aren’t imaginary. The slow uphill trudge of Trump’s health-care reform is holding up his tax cuts because his aides say he needs health-care budget savings to finance them.

Many investors I speak to are particularly obsessed with slashing the corporate-tax rate from its current level of 35 percent — one of the highest in the world — to around 15 percent or 20 percent because it would boost earnings and thus lift stock prices. If that doesn’t materialize, and more global unrest does, stocks could finally take the pounding they’ve avoided so far.

There’s also the fact that the rally,...


Read full article on News GN StockMarket


Read more: Why the stock market keeps going up, up, up | New York Post - New York Post

Caterpillar downgrade pressures the overall stock market - CNBC

Financial stocks such as Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo (WFC) were higher in premarket trading after all 34 banks facing the Dodd-Frank stress tests were determined to be able to operate under severely adverse conditions. (CNBC)

American (AAL) CEO Doug Parker said he found the attempt by Qatar Airways to buy as much as 10 percent of his airline "confusing" and "misguided and ill-conceived." Parker has been a longtime critic of Gulf carriers such as Qatar. (CNBC)

GOP Senate leaders, like in the House, are facing the same dilemma on their Obamacare replacement bill, getting conservatives and moderates onboard. Four Republican senators said they're not ready to sign on yet. The GOP only has a two-seat majority in the Senate. (CNBC)

Despite the recent streak of special election congressional wins for Republicans, a new NBC News/Wall Street...


Read full article on News GN StockMarket


Read more: Caterpillar downgrade pressures the overall stock market - CNBC

Today's Stock Market - What Matters Most - Seeking Alpha

Summary

U.S. banks passed the Fed's stress test, providing a positive tone to the start of today's trading.

U.S. oil rig count data looms large and should dictate direction today after 1:00 PM, and add drag until then.

Economic data out of Europe was relatively positive, though less good.

U.S. data matters, with housing and manufacturing information on tap.

Investors have reason to hope this morning, but a cloud hangs over the market into the afternoon nonetheless. Overseas news was strong today, with a positive German economic signal. Here at home, U.S. banks passed the Fed's stress tests. Economic data this morning covering housing and manufacturing could swing things, as could Fed speak. But there is an overhanging weight through the 1:00 PM hour that should add drag through the morning; the weekly Baker Hughes Rig Count data looms large given burgeoning U.S. energy production...


Read full article on News GN StockMarket


Read more: Today's Stock Market - What Matters Most - Seeking Alpha

BANK OF AMERICA: Millennials could signal the 'big top' in the market - Business Insider

More Charts

The bull market in stocks could eventually be added to the list of things that millennials allegedly killed. 

According to Bank of America Merrill Lynch strategists, a rise in millennial participation in the market could be a sign of the top.

"You'll know it's the "big top" when millennials start buying (new investors a classic late-cycle signal); recent survey by AMG shows millennials have just 30% in equities versus 46% for older age groups," said Michael Hartnett, the chief investment strategist, in a note on Friday.

The chart shows that among various asset classes, the widest allocation gaps between millennials and older investors are in alternative investments, which the 18-34 demographic prefers, and in stocks, where millennials could play catch up.

6 23 17 millennials COTDBank of America Merrill Lynch

For Hartnett, millennial buying would signal the top. But that's not to say there...


Read full article on News GN StockMarket


Read more: BANK OF AMERICA: Millennials could signal the 'big top' in the market - Business Insider

What Russell index rebalancing means for the stock market ... - MarketWatch

It is so-called Russell rebalancing day. That is the annual reconstitution of the Russell Indexes, where the index provider makes rule-based changes to composition of its indexes, to ensure that changes in market value or investment styles, like shares of companies deemed value or growth, for example, are properly accounted.

The combination of the Russell 1000 RUI, +0.20% and Russell 2000 RUT, +0.73% indexes represents about 98% of the investible U.S. equity markets, also captured in the Russell 3000 RUA, +0.24% with the rebalancing, set to occur at end of day Friday, intended to refresh the equity landscape for the next year in a year marked by record-setting moves for U.S. equities.

Mat Lystra, senior research analyst, FTSE Russell Indexes, told MarketWatch that moves in financials and energy shares over the past year will represent the most notable alterations in the Russell...


Read full article on News GN StockMarket


Read more: What Russell index rebalancing means for the stock market ... - MarketWatch

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o Dow Jones Ind. Avg. 21,394.76 ▼2.53 (-0.01%)
o All Ordinaries A$5,754.60 ▲12.30 (0.21%)
o NASDAQ 100 Index 5,803.11 ▲23.24 (0.40%)
o S&P 500 Index 2,438.30 ▲3.80 (0.16%)
INDEXDJX:.DJI

Dow Jones Ind. Avg.

Company ID [INDEXDJX:.DJI] Last trade:21,394.76 Trade time:4:38PM EDT Value change:▼2.53 (-0.01%)
INDEXASX:XAO

All Ordinaries

Company ID [INDEXASX:XAO] Last trade:A$5,754.60 Trade time:4:37PM GMT+10 Value change:▲12.30 (0.21%)
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Company ID [INDEXNASDAQ:NDX] Last trade:5,803.11 Trade time:5:15PM EDT Value change:▲23.24 (0.40%)
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o Oil 4.50 ▲0.03 (0.67%)
o Gas 65.97 (%)
NYSE:OIL

Oil

Company ID [NYSE:OIL] Last trade:4.50 Trade time:8:00PM EDT Value change:▲0.03 (0.67%)
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o Australian Dollar Trst 75.76 ▲0.31 (0.41%)
o Brit Pound Ster. Trst 123.91 ▲0.42 (0.34%)
o Euro Trst 108.36 ▲0.46 (0.43%)
o Japanese Yen Trust 86.49 ▼0.02 (-0.02%)
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Company ID [NYSEARCA:FXA] Last trade:75.76 Trade time:8:00PM EDT Value change:▲0.31 (0.41%)
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