Wall Street has been mixed, with technology shares dipping before Apple's quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average. Apple declined 1.04 per cent on Tuesday as investors awaited the iPhone maker's results...
Traders Edge – Tuesday 29th January
US stocks have tumbled after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of US corporate profits. Shares of Caterpillar fell 9.13 per cent on Monday and had their worst day since 2011...
Traders Edge – Thursday 24th January
The MSCI global stock index ended Wednesday's choppy trading session with a small gain as worries over US politics, global economic growth and trade tensions were countered by a boost from quarterly earnings reports. However, the US dollar and oil prices declined. US...
Traders Edge – Wednesday 23rd January
US stocks ended lower, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All three major US stock indexes pared losses after White House economic adviser Larry Kudlow...
Traders Edge – Tuesday 22nd January
Ahead of the local open SPI futures were 1 point lower at 5,826. The Australian share market has continued its strong start to the year closing higher on Monday, bolstered by energy and financial sectors. The benchmark S&P/ASX200 index was up 10.8 points, or 0.18...
Traders Edge – Monday 21st January
World stock indexes have jumped, with Wall Street posting a fourth straight week of gains, and the US dollar reaching its first positive week since mid-December as optimism increased that an end is in sight to the US-China trade conflict. Stocks were boosted by a...
Traders Edge – Wednesday 16th January
US stocks rose on Tuesday as technology and internet stocks gained on Netflix's plans to raise fees for US subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors. Netflix shares jumped 6.5 per cent after the video...
Traders Edge – Tuesday 15th January
Technology shares have pulled Wall Street lower after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth. The China trade data reinforced concerns that US tariffs on Chinese goods were taking a toll on the...
Traders Edge – Monday 14th January
Wall Street has closed a touch lower, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season. The Dow Jones Industrial Average fell 5.97 points, or 0.02 per cent, to 23,995.95 on Friday, the S&P 500 lost 0.38 points,...
Traders Edge – Friday 11th January
Wall Street has extended its rally into a fifth straight day in a session of whipsaw trading as investors responded to mixed comments by US Federal Reserve chairman Jerome Powell, while a warning from Macy's pummelled retail stocks. Powell reiterated the views of...