Dow Jones

Wall Street Shares End Lower To Mixed As Traders Mull Trump's Performance

... Paul Ryan has reportedly told the media, referring to the bill. Analyst Kathleen Brooks based at City Index, said this morning: "The Trump 'disappointment trade' is now in full swing.". Repealing and replacing Obamacare with the new bill had been seen as a key plank in the Trump campaign. Obamacare was signed into law by the president of the same name almost seven years go to the day. But it didn't take long to become clear that Republicans did not have enough votes to pass the new the legislation, due mainly because of total opposition from the Freedom Caucus - a Conservative Congressman group formed in 2015. Trump has suggested replacing the bill is still a ‘live’ issue although conceded it will not happen yet. FTSE 100 is down over 49 at 7,287, while the German DAX is also down 87 points. This week is huge for the UK. On Wednesday, Prime Minister May is aiming to trigger Article 50 to start a two year process of negotiations on leaving the EU. In company news, shares Bank of America (NYSE: BAC) are falling in pre-market deals and it has dropped 7% over the last week, as similarly investors are ...

4 Facts You Never Knew About The Dow Jones

... in the world, but many people don't know these aspects of how the Dow works. Dan Caplinger. ( TMFGalagan ). Mar 18, 2017 at 1:10 PM. For more than 120 years, the Dow Jones Industrials ( DJINDICES:^DJI ) has provided investors with a gauge on how the overall stock market is doing. The average is a simple barometer of a small cross-section of the market, but its components represent the cream of the crop among U. S. stocks, and admission to the Dow is a mark of success that few companies ever earn. Yet despite its popularity, there are several things that most people don't know about the Dow, and the four facts below help provide longer-term perspective on the average and its future. 1. The Dow hasn't always had 30 stocks. The number of stocks in the Dow has been left unchanged long enough that many investors refer to the average as the Dow 30. Yet the Dow Jones Industrials hasn't always had 30 stocks. When it was first started, the Dow tracked only ...

Dow Jones Marks 8-day Losing Streak, Longest Since April 2011

... bill in the House aimed to replace Obamacare was pulled from the floor due to lack of support from Democrats, as well as conservative and more moderate Republicans. The defeat has led to doubts that the president will be able to push through his economic proposals. A trader looks at screens while working on the floor of the New York Stock Exchange (NYSE) in New York, on 27 March 2017 REUTERS/Lucas Jackson. Despite those concerns, the strong economic background that has influenced stocks has not changed, Bill Stone, chief investment strategist at PNC Asset Management Group, told Market Watch. "Fundamentals are strengthening, the problem is we can't say how much [of the market rise] was about taxes," he said. "We've gone a long time without a 5% pullback, but with the economic backdrop I think people are buying before we go 10% down," Stone added. Market Watch noted that the Dow is off 2.9% its recent record high, the S&P 500 of 2.5% and the Nasdaq is off 1.5%. US Treasurys have recovered after dropping sharply in the immediate aftermath of the election. The benchmark 10-year yield fell 2.37% and the short-term 2-year yield dropped ...

The Dow Jones Industrial Average May Finally Be Hinting At A Larger Pullback

... released today, but later in the week will be busy, with the Consumer Confidence and GDP due out, among many others. The SPDR Dow Jones Industrial Average ETF ( NYSE: DIA ) fell $1.07 (-0.52%) in premarket trading Monday. Year-to-date, DIA has gained 4.17%, versus a 4.62% rise in the benchmark S&P 500 index during the same period. DIA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #5 of 74 ETFs in the Large Cap Value ETFs category. Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, David Chojnacki, does not endorse or recommend any issuer or security mentioned herein. About the Author: Dave Chojnacki. Dave Chojnacki is the Chief Market Technician at Street One Financial. He provides technical support for the Street One team and also develops individual analysis for Clients as requested. Dave is a major contributor to the ‘ETF Daily’, a morning newsletter providing clients a daily look at market ...

Dow Jones Industrial Average, Nasdaq Suffer Worst Defeats Since September

... amid a brutal day for bank stocks. Specifically, financial shares slid on worries that President Donald Trump's tax reform and deregulation efforts will be delayed. Turning elsewhere, the Nasdaq Composite (COMP) was even worse off than the Dow - falling the most since Sept. 9, despite touching a record intraday high of 5,928.06 in early trading - while the Russell 2000 Index ( RUT ) dropped into negative year-to-date territory, and the S&P 500 Index ( SPX ) logged its biggest loss since Oct. 11. Also, Fed officials continued to attract attention, with Kansas City Fed President Esther George saying she currently sees an opportunity to remove some stimulus measures. Continue reading for more on today's market, including. Options traders placed monster bets on these 2 financial names. An "improving macroeconomic environment" has created a post-election boon for this real estate ...

E-mini Dow Jones Industrial Average Ym Futures Analysis

... – March 27, 2017 Forecast. June E-mini Dow Jones Industrial Average futures are trading lower shortly before the cash market opening. The market plunged during the pre-market session in reaction to aggressive selling pressure in Asia and Europe. Daily June E-mini Dow Jones Industrial Average. Technical Analysis. The main trend is up according to the daily swing chart. However, momentum is trending lower. Today’s session also begins with the index in the window of time for a closing price reversal bottom. We’ve already had the lower-low, now all we need is a higher close to accomplish this. The main range is 19654 to 21106. Its retracement zone at 20380 to 20209 is the primary downside target. An uptrending angle passes through this zone at 20262, making it a valid target also. Since the main trend is up, we could see a technical bounce on the first test of this zone. We could also see aggressive buying since to some, this zone represents value. Based on the current price at 20443 and the ...

Spring Malaisse Hits The Dow Jones Industrial Average

... several points below its recent closing high of 140.36. The VIX moved lower to finish at 11.34, down 0.5%. Near term support for the NDX is at 5400 and 5390. Near term resistance is at 5416 and 5426. Near term support for the SPX is at 2372 and 2350. Near term resistance is at 2400 and 2412. Europe is pointing higher in early trade, while U. S. Futures are moderately higher in the premarket. The only major piece of economic news due out today is the Current Account Balance at 8:30 am. The SPDR Dow Jones Industrial Average ETF ( NYSE: DIA ) was unchanged in premarket trading Tuesday. Year-to-date, DIA has gained 5.72%, versus a 5.92% rise in the benchmark S&P 500 index during the same period. DIA currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #5 of 74 ETFs in the Large Cap Value ETFs category. Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF ...

Dow Posts 8-day Slide, Longest Since 2011, As Street Weighs Tax Reform Prospects

... House proposals, including tax reform, coming to fruition. "When you look at some of the areas that have helped the market, they are waning a bit here," said Daniel Deming, managing director at KKM Financial. "I think you're also seeing some valuation concerns as well. The Nasdaq composite closed 0.2 percent higher after briefly falling 1 percent. The Dow Jones industrial average ended about 45 points lower — after falling nearly 200 points earlier, with Goldman Sachs contributing the most losses. The 30-stock index also posted an eight-session losing streak, its longest since 2011. The S&P 500 dipped 0.1, with financials and telecommunications leading decliners. Financials were dragged by bank stocks, as the SPDR S&P Bank ETF (KBE) and the Regional Banking ETF (KRE) both fell around 0.5 percent. "This is coming as investors reassess how bad the news on health care actually is," said Kate Warne, investment strategist at Edward Jones. "There are definitely mixed views on that. This could be a catalyst for Republicans to do a ...

Dow Falls 100 Points As Healthcare Vote Sends Jitters Down Wall Street

... investment officer at Commonwealth Financial Network. "The bigger issue here is political. Right now, this is a 'put up or shut up' moment for Republicans because they have been talking about this for years.". Crucial for Trump. The House vote is crucial for the Trump agenda. Trump has said the repeal and replacement of Obamacare must happen before action can be taken on his other plans, including a major tax reduction. Expectations for such policies had been a boon for the stock market's postelection rally. Republicans need 215 votes to pass the health-care proposal because one Democrat is expected to be absent. Stocks suffered their worst day of the year earlier this week, in part, because of the concerns surrounding the health-care vote. The Dow Jones industrial average and S&P 500 indexes on Tuesday recorded their first 1 percent declines since Oct. 11. Failure Would Be a Bad Sign. "The mounting anticipation ahead of the delayed health-care vote later today has created an unnatural calm across the financial markets with ...