Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.Bondsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
AirDrop is being used by young people to send memes to strangers, which is fun, but it's also being used to send nude pictures to strangers.Technologyread more
Elon Musk has said that a brain-computer interface is 'coming soon,' but he is known for overly ambitious deadlines. Still, some of the boldest tech ideas are going to be...Technology Executive Councilread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Private equity billionaire David Rubenstein says he's spoken with U.S. and Chinese officials. "My view is both sides want a deal."Economyread more
The first presidential debate Monday may be a near-term catalyst for stocks, if either candidate looks set to break out.
So far, Wall Street has favored an Election Day victory by Democrat Hillary Clinton, based on the fact she is a known entity, with a strong government background and known policies. Republican Donald Trump, on the other hand, has an aura of uncertainty, with a volatile personality and changing views on key issues, though some on Wall Street are warming to his tax proposals and economic plan.
Just like the election, Clinton is seen by some strategists as having a slight edge in the debate, but it's really not clear which way it will go. The latest NBC/Wall Street Journal poll gives Clinton a 6 point lead, 43 percent to Trump's 37 percent, among likely voters.
"Stocks usually rally if the incumbent party wins. If Hillary puts Trump away at this debate, you'll see a broad rally in the S&P 500, and my thinking on Trump is if Trump wins, you're going to get a sell-off into the election. It's temporary. There's just so much uncertainty with Trump, people are just going to go to a risk-off scenario," said Daniel Clifton, head of policy research at Strategas.
Since 1992, the has gained an average 0.85 percent on the day after the first major debate between the two key presidential candidates, according to Strategas. The firm's data eliminated an 8.8 percent deline in 2008 since the market was caught up in a heated congressional debate about the "TARP" program to help banks during the peak of the financial crisis.
"I still feel the markets have not priced in a potential Trump victory. I think most people in the market think she's going to win and if you look at the electoral college map, you can still make that case even though it's tightened. I think the market would have to focus on what it means if he were to win," said Greg Valliere, chief global strategist at Horizon Investments. "First and foremost, the market has to care about uncertainty. He changes his positions with regularity."