|Day's Range||1,552.40 - 1,567.95|
|52 Week Range||1,266.92 - 1,742.09|
The rallies in the Dow Jones Industrial Average and the S&P 500 come despite bearish stock market breadth data. The number of declining stocks is outnumbering advancers by 1,448 to 1,243 on the NYSE and by 1,626 to 1,053 on the Nasdaq exchange. In addition, volume in declining stocks represents 55.3% of total volume on the Big Board and 50.2% on the Nasdaq. The Dow was up 183 points, or 0.7%, the S&P 500 gained 0.2% and the Nasdaq Composite tacked on 0.2%. The Russell 2000 index of small capitalization stocks , however, shed 0.6%.
Money is shifting to a narrower group of big caps, which is likely due to allocation decisions by large pension plans that are reacting to the Fed.
Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade.
The stock market continued its bullish gains late Wednesday following Fed Chief Jerome Powell's dovish remarks about future interest rate policy.
The Dow Jones industrials led a weak start Tuesday, as Virgin Galactic moved toward an IPO and Netflix stock jumped toward a new buy point.
Even as record highs this week in the major U.S. stock indexes telegraph confidence on Wall Street, caution abounds in other U.S. markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets. Hints from Federal Reserve policymakers that the central bank will cut interest rates have buoyed both U.S. stocks and Treasuries. Such a conundrum was evident on Friday as stocks fell in response to stronger-than-expected U.S. payrolls data, which dampened expectations of a Fed rate cut.
It’s been a short but memorable holiday trading week, with markets gapping up after Sunday’s open on reports of positive developments in the U.S./China Trade War and continuing to drift up during the week. Three of the four major equity index futures notched new all-time highs, including a close above the 3,000 level for S&P futures. Small-caps are once again the laggard of the group, with Russell 2000 futures actually losing about 1% since July 1 as of this morning’s early trading.
At the same time, small-cap stocks are lagging a bit and Treasury yields continue to forecast some caution. The bond market could be flashing a warning sign about the economy, it could be caution ahead of Friday’s jobs report, or it could be a result of overseas demand for U.S. Treasuries that command higher yields than those in places like Europe. With today a shortened one ending at 1 p.m. ET for the major U.S. stock exchanges, focus could continue to veer away from the tariff truce and toward Friday morning’s U.S. jobs report.
Last-hour buying sent the indexes into positive territory, but breadth remained negative, oil-related stocks were brutalized as money flowed into precious metals, bitcoin and bonds.
Stock market: Overall, U.S. stocks with China exposure were saying, "not so fast." Plenty of problems linger for the U.S. and China.
The equity indices don't look that bad, but under the surface there is quite a bit of poor action. The Russell 2000 ETF is leading to the downside with a loss of about 0.8%, likely caused in part by the reversal of all the indexing moves that were made last week.
Sure, the Russell 2000 and the Transports have lagged, but I have explained that they can lag as long as the breadth of the market doesn't get dragged down with them. Monday's rally was the first time since that low a month ago that I have complaints about breadth. For example, there have been days when the small caps and the transports stunk up the joint, but breadth stayed positive, so I ignored those two indexes.
President Trump's decision to suspend the U.S.' trade war with China led to big stock market gains early, then stocks retreated, but ended with an upward bounce.
A truce in the trade war between the United States and China that pushed large-cap stocks to new record highs Monday does not appear to be enough to buoy the shares of small U.S. companies that are struggling under the weight of higher tariff costs. Lower margins and less pricing power are preventing small companies from either passing on or weathering the effects of higher trade tariffs to the same degree as large caps, effectively putting a ceiling on their growth prospects, fund managers and analysts say. For the year to date, the benchmark Russell 2000 index of small companies is up nearly 17%, yet remains more than 8% below the record highs it reached in August 2018.
The indexes are holding onto some decent gains following the trade truce between Washington and Beijing that came out of the G-20 meeting this weekend, but steady selling has been seen so far Monday with the S&P 500 at an intraday low, three hours into the trading day. -- are lagging, with the IWM briefly filling its gap and touching Friday's highs.
The Dow Jones Industrial Average and small caps took a back seat as chip and fiber optic stocks roared higher. A China growth stock broke out.
Planet Fitness Inc’s (NYSE: PLNT ) stock has been added to the Russell 1000 Index and removed from the Russell 2000 Index. The pullback in the company’s stock due to this Russell rebalancing has created ...
All of the major equity indices closed higher Friday with positive internals but on lighter trading volumes than the previous session. Chart improvements were seen on the Dow Jones Transports (see below), which closed above its short-term resistance as well as its 50-day moving average, turning that trend positive. The same events occurred on the Russell 2000, which remains neutral.
Market players were feeling confident that the U.S. and China would resume trade talks -- which is exactly what happened at the G-20 meeting. Although that news is not a huge surprise, there are strong reactions across the board Monday morning with the indices higher, the dollar stronger, bonds weaker and precious metals down. Unsurprisingly, the bears are scoffing at the trade news as nothing significant.
Volume surged on the Russell index rebalancing and there was a sharp upward spike into the close that continued after hours. There also was plenty of window dressing and end-of-the-quarter games by money managers that moved stocks around quite randomly. was up 1.2% This was obviously a function of the Russell rebalancing.
The stock market closed higher Friday, knowing full well that a pivotal meeting on China trade agreements will take place on Saturday, and it could result in sharp market moves on Monday.
The Russell 2000 Index is a small-cap stock market index that includes the bottom 2,000 companies found in the Russell 3000 index. The Russell Microcap Index includes the 1,000 smallest securities found ...
The Dow Jones Industrial Average has seen poor Q2 performance by Walgreens Boot Alliance, United Health and Boeing. Small caps are rising bullishly again.