Markets News Stocks 

The stock market is poised for its best May in 9 years—but the coming week is crucial

“The chart below shows the relative year-to-date performance of the Russell (purple) and DJT (green) against those for the S&P 500 (gray) and the Dow (blue)” writes Mark Decambre for marketwatch.com. So far, the month of May is turning out to be a solid, if not turbulent, period for stock-market investors, but there’s plenty of cause for caution.Indeed, the S&P 500 index SPX, -0.24% is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial DJIA, -0.24%  …

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U.S. stocks close lower, energy the day’s biggest decliner

“U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell” writes Markets Reporter for marketwatch.com. By far, the weakest sector of the day was energy, which fell 1.7% alongside a 1.6% drop in the price of crude oil.Sentiment weakened after President Donald Trump canceled a planned meeting with North Korea, adding a new element of geopolitical uncertainty into the market.Both stocks are Dow components. Source: marketwatch.com Share This:

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GE’s stock surges into bull-market territory after deal to merge transportation unit with Wabtec

“In 2017, transportation revenue dropped 11% year-over-year in 2017 while overall revenue slipped 1.3%” writes Reporter Editor for marketwatch.com. Many on Wall Street define a bull market as a rise of 20% or more off a bear market low.In comparison, Wabtec revenue rose 15% in the first quarter and grew 31% in 2017.A close above $15.39 would kick off a new bull market.Shares of General Electric Co. surged Monday, putting them on track to kick off a new bull market, as investors cheered the industrial conglomerate’s $11.1 billion deal to…

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Dow surges 300 points as US-China trade war is placed ‘on hold’

“The Dow Jones industrial average jumped 300 points, with Caterpillar and General Electric as the best-performing stocks in the index” writes unknown author for cnbc.com. Treasury Secretary Steven Mnuchin later said over the weekend the prospect of a trade war was “on hold” following an agreement to suspend tariff threats.Stocks traded sharply higher on Monday as trade tensions between the U.S. and China dissipated for the moment, while investor sentiment was also boosted by a slew of dealmaking activity.The Dow also traded above 25,000 for the first time since mid-March. Source:…

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Futures Markets News 

Futures jump as U.S.-China trade spat put ‘on hold’

“The cooling of tensions, which roiled global markets in recent months, elicited mixed reactions from U.S. business leaders” reports businessinsider.com. Wall Street posted losses last week as U.S.-China trade summit, rising U.S. Treasury yields and increasing oil prices weighed on investor sentiment. Source: businessinsider.com Share This:

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Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

“Global stocks rallied across the board Monday, setting up Wall Street for significant opening bell gains, as investors reacted to a thaw in the trade war rhetoric between the U.S. and China following a weekend summit in Washington” writes Martin Baccardax for thestreet.com. “We are putting the trade war on hold. Source: thestreet.com Share This:

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Dow, Nasdaq declines come despite bullish breadth data

“All 3 major market indexes are declining in afternoon trade, but market breadth data suggest a broad-market rally” writes Reporter Editor for marketwatch.com. The number of advancing stocks are outnumbering decliners by 1,643 to 1,220 on the NYSE and by 1,681 to 972 on the Nasdaq exchange.The volume in advancing stocks represents 55.5% of total volume on the Big Board and 52.6% of the Nasdaq’s total volume.Meanwhile, the Dow Jones Industrial Average DJIA, -0.33% was down 38 points, or 0.2%, with 16 of 30 components trading lower. The Nasdaq Composite…

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Cisco, Walmart stocks exact 20-point toll on Dow industrials, in early action

“The Dow Jones Industrial Average was tipping lower in early trade Thursday, with declines in shares of Walmart Inc” writes Mark Decambre for marketwatch.com. Cisco, down 3.8%, or $1.73, and Walmart declining by 1.6%, or $1.37, were combining to exact a 20-point toll on the price-weighted average.Shares of Walmart were down even as the giant retailer earlier in the premarket reported first-quarter earnings and sales beat expectations.Meanwhile, Cisco’s stock was under pressure after services revenue at the networking giant fell short of Wall Street expectations. Most recently, the Dow DJIA,…

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Futures Markets News Stocks 

Dow futures fight for direction as traders weigh North Korea’s latest posturing

“U.S. stocks looked set to struggle for direction on Wednesday, with fresh North Korea worries appearing to weigh on sentiment” writes Markets Writer for marketwatch.com. Dow Jones Industrial Average futures YMM8, -0.01% inched lower by 13 points, or less than 0.1%, to 24,647, after a small early gain evaporated. Source: marketwatch.com Share This:

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The Dow is doing something it hasn’t done since the ’80s, and it could signal new highs

“Meanwhile, the U.S. economy is set to expand by 2.7 percent in 2018, 40 basis points above the 2017 growth rate” writes unknown author for cnbc.com. “Earnings are still strong, dividend yields are still high and the economy is really growing.”. The first-quarter earnings season is drawing to a close with the strongest results in seven years as S&P 500 companies track a combined 26 percent increase to their bottom lines. Source: cnbc.com Share This:

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