FYI: U.S. stocks rose Friday, buoyed by a bounceback in consumer technology companies and some better-than-expected third-quarter results.
The Dow industrials climbed 287 points, or 1.15%, to 25339. The S&P 500 added 1.41% while the Nasdaq Composite gained 2.29%, lifted by consumer-technology companies and some better-than-expected corporate earnings. An early rebound that had pushed the Dow industrials up more than 400 points sputtered later in the session, with the blue-chip index briefly turning negative.
The stability of major indexes had provided some relief after stock markets around the world this week suffered their biggest shakeout since February amid concerns around a steep rise in bond yields, higher oil prices and escalating trade tensions between the U.S. and China.
Some analysts remained concerned that the conflict over trade will continue to ebb and flow in the coming weeks and months, and that it could continue to swing major stock indexes.
Until this week, U.S. equities had largely sustained their rally even as emerging markets have suffered months of declines as the U.S. dollar strengthened and the Federal Reserve raised interest rates.
“The market is thrashing around because none of the main issues have gone away: Interest rates, Fed action, China and trade,” said Kenny
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-10-12/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-10-11/asia-stocks-set-for-mixed-start-u-s-tumbles-anew-markets-wrap?srnd=premiumWSJ:
https://www.wsj.com/articles/global-stocks-rebound-from-selloff-1539331959MarketWatch:
https://www.marketwatch.com/story/stocks-set-for-sharp-rebound-but-still-on-track-for-worst-week-since-march-2018-10-12/printIBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-rally-bad-week-apple-buy/Reuters:
https://www.reuters.com/article/us-usa-stocks/tech-bounce-leads-wall-street-higher-after-two-day-tumble-idUSKCN1MM1DUCNBC:
https://www.cnbc.com/2018/10/12/us-markets-data-and-bank-earnings-in-focus.htmlEurope:
https://www.reuters.com/article/us-europe-stocks/european-stocks-fail-to-rebound-in-worst-week-since-feb-idUSKCN1MM0S0Asia:
https://www.marketwatch.com/story/stocks-in-japan-and-china-fall-but-losses-at-least-slow-down-2018-10-11/printBonds:
https://www.cnbc.com/2018/10/12/us-bonds-and-fixed-income-data-and-fed-speeches-in-focus.htmlCurrencies:
https://www.cnbc.com/2018/10/12/forex-markets-dollar-us-treasury-yields-wall-street-in-focus.htmlOil:
https://www.cnbc.com/2018/10/12/oil-markets-market-sell-off-oil-supply-in-focus.htmlGold:
https://www.cnbc.com/2018/10/12/gold-markets-market-sell-off-dollar-federal-reserve-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
