Dow Jones

Ftse 100 Sinks To One-month Low And Dow Jones Drops Below 20,000 As Trump's Travel Ban Rattles Markets

... a tie-up. The Times  reported  on Monday morning that Atkins and CH 2 M - who have worked together on major projects including the HS 2 rail link - had explored a merger before Christmas sent shares in the FTSE 250 business surging 7 pc. Pound on track for first three-day fall of 2017. Sterling is on course for its first three-day fall against the dollar of this year. It is currently trading off by 0.09 pc at $1.2526 against the dollar. Earlier this afternoon, it dropped below $1.25 for the first time in five days. Credit: Bloomberg. Jameel Ahmad, FXTM Vice President of Market Research,said: "The GBPUSD is at risk to declining for the third successive day as investors continue to take profit after the pair reached a 6-week high marginally below 1.27 last week. Investors are still reluctant to consider longer-term buying positions on the British Pound with the continuous uncertainty around Article 50 being invoked around the corner. "It will likely require another round ...

The Dow Hit 20,000 For The First Time. So What

... founded by Thomas Edison has not been on the list continuously. It was dropped in 1901 and then reinstated at the end of 1907. Many famous companies in America were on the Dow and then were dropped before going bankrupt or drastically shrinking in size.  Eastman Kodak was dropped  in 2004, while  Bethlehem Steel was removed  in 1997, both only a few years before  going bankrupt. The editors  knocked off Sears Roebuck  in 1999 and  F. W. Woolworth  in 1997 as people shifted away from buying items at department stores and five and dimes. The periodic replacement of companies means the Dow operates like an actively managed mutual fund, in which humans pick companies that are expected to do well in the future. The Dow needs periodic human intervention. Without it, the list would slowly atrophy as companies die off or become less relevant to the overall economy. Dow 40,000, here we come. In sum, the presence of inflation in the U. S. and ...

Dow Suffers Worst Loss Of '17 Amid Trump Border Angst

... says Gregory Valliere, chief global strategist at Horizon Investments. Since Trump's Nov. 8 election, Wall Street has been driving stocks higher on Trump's business-focused agenda, which include cutting corporate taxes, slashing regulations and ramping up fiscal spending. But Monday's trading action signals that investors are concerned about some of Trump's other policies, which include his views on immigration and a protectionist stance on global trade. 'Hamilton' Ponzi scheme suspect linked to ticket reseller. The Dow Jones industrial average, which was down nearly 224 points at its session low Monday, closed down 122.65 points, or 0.6%, to 19,971.13. It was the blue-chip stock gauge's worst point loss of 2017 and its biggest since a 200.38-point fall on Oct. 11. Other major U. S. stock indexes also fell, but finished the day off their lows. The Standard & Poor's 500 fell 0.6% to 2280.90 and the Nasdaq lost 0.8%. The lousy start to the week comes after the Dow topped 20,000 for the first time last Wednesday. The selloff also occurred ahead of a busy week of earnings results from Corporate America, ...

Dow Jones Sets New Milestone After Closing Above 20,000 Points

... one. Investors have been leery of the stock market for years, unable to stomach the prospect of losing more than 50 percent of their money for a second time if another financial crisis hits. That trepidation has caused them to pull money out of stock funds — even as the Dow made its march toward 20,000 — and depend instead on safer bond investments. Last year, investors pulled a net $27.1 billion out of U. S. stock mutual funds and exchange-traded funds, according to Morningstar. A year earlier, they yanked $66.5 billion. Over the same time, investors plugged a total of $218.6 billion into taxable bond funds. Anyone who resisted the urge to dump their stock investments through all the tumult of the last decade is now seeing the full benefit of a market with the Dow at 20,000. A $10,000 investment in the largest U. S. stock mutual fund made a decade ago, before the Great Recession began, would have dropped below $5,000 by March 2009. But investors who held on even through the worries of another recession hitting, U. S. debt downgrade, the euro crisis and uncertainties over Britain's departure from the European Union would now be ...

Hong Kong, Mainland China Stocks Open Higher After Dow Jones Index Passes 20,000 Mark

... Jones index passes 20,000 mark. PUBLISHED : Thursday, 26 January, 2017, 9:12 am. UPDATED : Thursday, 26 January, 2017, 10:10 am. Debt-to-equity swaps will remain a focus in 2017. 24 Jan 2017. Hong Kong stocks opened higher on Thursday after the Dow Jones Industrial Average closed above 20,000 points for the first time, reflecting strong growth sentiment in the US. The Hang Seng Index opened up 0.63 per cent or 143.48 points to 23.029.39 while the Hang Seng China Enterprises index rose 0.82 per cent or 79.96 points to 9.795.68 in early trading. Dow Jones closes over 20,000 for first time ever in Trump-inspired rally. Banking shares led the gains with HSBC up 1.80 per cent to HK$66.70 and Bank of East Asia up 1.25 per cent to HK$32.45. Macau casino operator Sands China tumbled 1.84 per cent to HK$34.70 after it reported a 15.9 per cent year-on-year drop in its 2016 net ...

The Dow Jones Is Masking The Glaring Problems In The Us Economy

... anchors at Fox News in New York are (now) unabashed Trump fans. High-fiving each other over the new president’s whirlwind week of executive orders and tweets. Nothing like a little bit of success and shaking up the establishment to attract a fickle fan base. The Donald certainly has had a busy week. Canning the Trans-Pacific Partnership; telling Mexico he expects it to foot the bill for building the border wall by imposing a 20% import tax; repealing Obama’s healthcare legacy (by the way, talking to people on the ground here in the US, it becomes all too obvious that Obamacare has been an abject failure); getting tough on immigration to rid the US of ‘sneaky, dirty rats’; clamping down on funding ‘sanctuary cities’ (counties housing illegal immigrants); giving the thumbs up to the construction of the Keystone XL and Dakota Access oil pipelines; talking the US dollar down; announcing a public sector hiring freeze; and revealing that torture is OK. Did I mention ...

Gold Marks First Gain In 5 Sessions As Dow Sinks Below 20,000

... Rachel Koning Beals. News editor. Gold futures settled with a gain on Monday for the first time in five trading sessions, as signs of growing inflation and a steep decline in U. S. equities helped to raise investment demand in the precious metal. Traders also are bracing for a week full of economic data and a two-day meeting of the Federal Reserve to gain hints on where prices for the metal may head next. A closely watched reading on the labor market is due on Friday and a two-day meeting of the Fed is set to kick off Tuesday. Both key events, among others, could alter expectations for interest-rate increases and drive the dollar and assets pegged to it like gold. See the economic calendar. On Monday, April gold GCJ 7, +0.63% the most active futures contract, rose $4.90, or 0.4%, to settle at $1,196 an ounce. The contract lost roughly 1.4% last week as strength in the dollar and recent all-time highs in major U. S. stock indexes dulled demand for haven investments. March silver SIH 7, +0.25% edged up by 1.6 cents, or just under 0.1%, to $17.152 an ounce. A reading of U. S. consumer inflation, as measured by the Fed’s preferred ...

Stocks Post Worst Trading Day Of 2017 After Trump Immigration Debacle

... oil futures for March delivery fell 54 cents to settle at $52.63 a barrel. — CNBC's Javier David contributed to this report. On tap this week. Earnings: Leggett & Platt, Reinsurance Group of America , Crane, Graco. Earnings: Apple , Eli Lilly , Exxon Mobil , Master Card , Pfizer, Simon Property Group, UPS, Aetna , Amerisource Bergen, CIT Group, Coach, Danaher, Harley-Davidson, HCA , Nasdaq OMX, Nomura Holdings, Nucor, Paccar, Pentair, Sprint, Thermo Fisher, Under Armou r, Aflac, Valero Energy , Xerox , Anadarko , Advanced Micro, Fortune Brands, Chubb , U. S. Steel, WR Berkley. 8:30 a.m. Q 4 Employment cost index. 9:00 a.m. S&P Case-Shiller HPI. 9:45 a.m. Chicago PMI. 10:00 a.m. Housing vacancies. Earnings: Facebook , Allstate , Ameriprise, Unum Group, Ameriprise, Met Life, Siemens, Anthem, ...

Dow 20,000 Is Nice, But Here's What To Watch

... On Main Street, mention the number 2300 and you’ll probably get blank stares and reactions such as, “Huh? What’s that?” Bring up 20,000 (without even uttering the word Dow) and the quick response from the hairdresser at the local salon or bartender at the corner pub, will mostly like be: “Can you believe it? The stock market's on fire again!”. The Dow Jones industrial average is a star in the eyes of Main Street. But on Wall Street, where the big money buy and sell shares of American companies in bulk, the S&P 500 stock index is their Le Bron James-like superstar. HBO's Warren Buffett doc explores the personal side of one of the richest men in the world. Despite its brand-name appeal, 120-year-old history and 30 well-known components like Coca-Cola, Mc Donald’s and Apple, the Dow has a slew of shortcomings that make it a less ...