There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock.
With less than 80 days to go until Britain leaves the European Union, the path to Brexit winds to a critical crossroads on Tuesday when lawmakers vote on Prime Minister Theresa May’s withdrawal deal.
The Dow Jones Industrial Average .DJI fell 5.97 points, or 0.02 percent, to 23,995.95, the S&P 500 .SPX lost 0.38 point, or 0.01 percent, to 2,596.26.
Markets regulator Sebi Friday slapped a fine totalling Rs 20 lakh on two entities for executing fraudulent trades, which created artificial volume in the illiquid stock option segment on the BSE.
British blue-chip shares retreated on Friday, pushed lower as sterling rallied following a newspaper report citing cabinet ministers saying Britain would have to delay its exit from the European Union.
U.S. stocks fell at the open on Friday after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.
Soothing sounds from the world’s top central banks helped stocks maintain their strong start to the year on Friday, while another leap from China’s yuan capped its best week since being cut loose from the dollar in 2005.
The BSE Sensex retreated for the second straight day Friday, led by index heavyweight TCS which skidded following lower-than-expected margins for the third quarter.
U.S. stock index futures dipped, after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.