Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images 2019 is shaping up to be a historic year for the S&P 500, and the benchmark has two stocks to thank. Apple and Microsoft, which surged 85% and 55% this year respectively, together accounted for nearly 15% of the S&P
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Tim Cook, CEO of Apple Inc. Getty Images Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too. Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over
U.S. government debt prices moved lower on Tuesday, the last trading day of the year. At 3:50 a.m. ET, the yield on the benchmark 10-year Treasury note rose to around 1.9034%, while the yield on the 30-year Treasury bond was also higher at 2.3574%. Bond yields move inversely to prices. Investors have been taking on
The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday. “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the CEO of law firm Vedder Price, said on “Closing Bell.” The value of deals across
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow | Corbis News | Getty Images Check out the companies making headlines in midday trading. Goodyear Tire — The tire company’s stock gained more than 2% after Nomura initiated coverage with a buy rating and $20 target. The firm is optimistic about
U.S. stock index futures were slightly higher Monday morning. At around 2:00 a.m. ET, Dow futures climbed 23 points, indicating a slightly higher open of just 2 points. The S&P 500 and Nasdaq indexes were also marginally higher. U.S. equities have enjoyed a strong rally in December, with the main indexes hitting record highs last
Check out the companies making headlines before the bell: Anixter International – Anixter continues to be the subject of a bidding war, with Wesco International increasing its bid for the networking equipment maker to $93.50 per share in cash and stock. Wesco – a maker of industrial products – had bid $90 per share earlier in the
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Gina Sanchez was a buyer of Disney. Victoria Fernandez was a buyer of Mastercard. Dan Nathan was a seller of Netflix. Disclosure Trader disclosure: Dan is long TLT March 135 – 150 spread. NKE Dec Call
Daniel Pinto sees a lot from his perch atop the world’s biggest investment bank. He’s led J.P. Morgan Chase‘s corporate and investment bank since 2014, a time in which the bank has steadily gained market share from rivals in trading and banking. Pinto has also served as J.P. Morgan’s co-President and co-chief operating officer for
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 9, 2019. Brendan McDermid | Reuters U.S. Treasury yields climbed slightly on Thursday in holiday-thinned trading. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at 1.910%, while the yield on the
Jiangsu Pilot Free Trade Zone Lianyungang Area on November 28, 2019 in Jiangsu Province of China. Wang Chun | VCG | Getty Images China’s fourth-quarter economic growth may have been “the weakest of 2019” — but it still showed an improvement compared to the previous quarter and to the same period a year ago, a
Traders work on the floor at the New York Stock Exchange, November 4, 2019. Brendan McDermid | Reuters Stock futures pointed to a higher open on Thursday morning, adding to a record-setting rally in the year-end. Futures on the Dow Jones Industrial Average rose about 36 points, implying a 31-point gain at the open. Futures
A view of electric cars owned by a local car-sharing company in Wuhan, China. Feature China | Barcroft Images | Barcroft Media | Getty Images BEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in
Former Uber Technologies CEO and co-founder Travis Kalanick walks on the floor of the New York Stock Exchange during the company’s IPO May 10, 2019. Andrew Kelly | Reuters Travis Kalanick is on course to completely exit his stake in Uber. The co-founder and former CEO of the ride-hailing company has sold more than $2.5
Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York
US President Donald Trump holds up a “Trump Digs Coal” sign as he arrives to speak during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017. Saul Loeb | AFP | Getty Images President Donald Trump has taken historically unprecedented action to roll back a slew
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images By one measure, the shift to passive investing
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Early close We’ll get a short trading day on Christmas Eve with the stock market closing at 1 p.m. ET and
Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019. Spencer Platt | Getty Images After a record-breaking 2019, Wall Street generally expects much more modest gains for stocks next year. But for investors looking for ways to beat the market, Goldman Sachs has a portfolio that it expects
Chesnot | Getty Images Entering 2020, the IPO market for billion-dollar start-ups funded by Silicon Valley venture capitalists should be healthy; that is, if market conditions were the big factor to consider in assessing 2019. The Dow Jones Industrial Average has risen almost 20% year to date, the S&P 500 even more, and yet the