Analysts are lowering their earnings estimates for the second half of 2019 and there is a chance earnings for the S&P 500 could be negative for 2019. In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war
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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trading glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey. The Consolidated Tape Association (CTA) said the
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Corporate America’s aggressive program of buying back stock slowed in the second quarter. Data provided by Standard & Poor’s indicates that corporate buybacks totaled $166 billion in
Here’s the good news on earnings: Despite much hand-wringing around tariffs and the global economic outlook, overall earnings for the S&P 500 in 2019 remain “flattish,” meaning they are likely to be little changed from 2018’s record pace. The bad news: Investors remain on edge because confidence in the estimates are not high. “The wild
The controversy over China trade is spilling over into a formerly quiet area of the stock market — the business of investing in the global markets. Volume at the NYSE saw a modest spike going into the close because MSCI, one of the largest index providers in the world, rebalanced most of its global indices.