Rising oil prices are giving stocks a lift this morning as the markets kick off a new week of trading. However, uncertainty still remains on several geopolitical fronts which could continue to be a headwind for equities as the week continues. Last week was pretty rocky for U.S. stocks.
US stocks began Monday’s session firmly in positive territory but are now seesawing near the unchanged line, as investors look to close out a mostly positive April trading month. After Friday’s close, the Dow is on track for a 1.5% gain in April and a 1% loss on the year while the S&P500 is up 1.6% in April and eyeing a move into the black for 2018.
US stocks staged a bit of a comeback last week with advances coming across all three major benchmarks. The Dow Jones Industrial Average climbed 1.8%, the S&P500 gained 2.0% and the Nasdaq rallied 2.8% on the week bringing the tech-heavy index into the green for the year.
It was a choppy week for US equities last week, as concerns over a potential trade war with China remained front and center. The blue-chip Dow was hit the hardest, with weekly losses exceeding -3%, while the S&P500 retreated -2.6% and the Nasdaq inched 0.2% higher on the week.
Last week ended on a positive note as stocks rallied into the Easter Weekend, but it wasn’t quite enough to bring the broad US benchmarks into the green for the quarter. The Dow and S&P500 finished the quarter with losses of 2.5% and 1.2% respectively, snapping a streak of nine consecutive quarterly gains.
U.S. stocks are in rally mode in early trading today following a week that saw all three major indices experience their worst weekly performance in more than two years. On Friday, the Dow finished the week down 5.7% and the S&P500 was 6% lower. At current levels, the Dow is 10% below its record close while the S&P500 is sitting 8.5% below its all-time high.
U.S. stocks are down today in reaction to news regarding how Facebook Inc. manages user data. Currently, the tech heavy Nasdaq is getting hit the hardest with losses exceeding 2% while both the Dow and S&P500 are down nearly 1.50%.
US equities rallied last week in a broad-based advance that saw 11 of 11 S&P sectors finish with weekly gains. The Dow and S&P500 rallied 3.3% and 3.5% respectively, putting both indices within 3% of their market tops before February’s correction. The tech-heavy Nasdaq shot up by 4.2% on the week, finishing Friday at a new all-time high.
U.S. stocks are marching higher to kick off a new week of trading after finishing last week with a string of consecutive losses that investors haven’t seen for over a year. Last week, the Dow was down 3% while the S&P500 and Nasdaq declined 2% and 1.1% respectively.
U.S stocks have recovered more than half of the losses of the correction that took place just three weeks ago and now stand less than 5% below record levels seen earlier this year. This morning all three major indices are higher after finishing last week in positive territory for the second week in a row.