U.S. markets closed sharply lower Monday as risk aversion spreads across global markets amid rising conflict in the Ukraine and tepid Chinese manufacturing data.
Large U.S. agriculture companies, energy infrastructure exporters and fast food giants are among those that could suffer if the situation in the Ukraine deteriorates further, say fund managers and strategists.
Stocks moved higher Friday amid a stronger reading for consumer confidence, buoyed by assurances the Fed Reserve will continue to support markets.
It's your choice. You say you're proud of a work ethic which meant you had unused vacation days last year? The rest of the world is laughing at you.
The S&P reversed early losses to close at an all-time high after Fed chair Janet Yellen said the central bank was prepared to vary the pace of stimulus wind-back.
A few words from Yellen. That's all it took for U.S. markets to close at a record high Thursday, displaying parochialism in full force as the Ukraine reaches for aid and the Chinese currency nosedives.
The S&P closed flat and the Dow finished higher after a rosy housing report showed new home sales increased 9.6% to a higher-than-expected seasonally adjusted annual rate of 468,000 in January.
Strategists are split over whether to play a cyclical or defensive stance in US equities amid mixed economic data, emerging market woes and the wind-back of stimulus support.
Stock futures point to a higher open ahead of a busy earnings session from retailers, while markets anticipate a slight fall in new home sales.
Strong results from companies such as Macy's and Home Depot failed to offset disappointing consumer confidence data and slow home price growth in the fourth quarter of 2013.