S&P Rises After Wednesday Drubbing By

© Reuters. – Stocks were mostly higher Thursday a day after recession fears caused one of the year’s worst selloffs.

Better-than-expected earnings from Walmart (NYSE:) and a decent gain for Boeing (NYSE:) helped improve traders’ moods.

The rose 0.29%. The added 0.39%. But the suffered a small loss, mostly because of weakness in Cisco Systems (NASDAQ:), Netflix (NASDAQ:), Apple (NASDAQ:) and Microsoft (NASDAQ:).

The market’s performance was hardly an all-clear signal for the major averages.

The Dow gained about 100 points, but that was just 12% of the 800-point loss the index suffered on Wednesday, its worst one-day loss on the year and worst since Oct. 10, 2018. But 95 points of the gain were due to Boeing (NYSE:) and Walmart (NYSE:) alone.

In addition, about half of the stocks in the Index were lower with Cisco (NASDAQ:) the worst performer with an 8.6% loss after guidance in Wednesday’s earnings report disappointed investors.

With Thursday’s close, the S&P 500 is off 5.9% from its late-July peak but still up 13.6% for the year. The Dow is down 6.6% from the July high and ahead 9.7% in 2019, while the Nasdaq’s decline from its peak stood at 6.9%. It ended the day up 17% for all of 2019.

Oil prices were lower with falling 76 cents to $54.47 a barrel. oil futures were off $1.41 to $58.07. continued to climb, with the December contract settling at $1,531.10 an ounce. is up 6.5% this month and 19% on the year.

The widened slightly, although interest rates continued to fall. The yield was 1.51%. The yield was 1.484%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button