|Day's range||2,749.22 - 2,778.94|
|52-week range||2,532.69 - 2,940.91|
“Those are the four headwinds facing markets. And ... markets are sort of digesting them and fighting through them. And that’s why we had volatility."
Stocks (^DJI, ^GSPC, ^IXIC) drop as China support fades, earnings disappoint. The technology (XLK) sector the most in the green, and the energy (XLE) sector the most in the red. Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith and Adam Shapiro are joined by Andy Serwer, Rick Newman, Brian Sozzi, Myles Udland, Heidi Chung, Dan Howley and Dan Roberts. ...
Looking for an explanation for October's swift market selloff? Try worries about peak earnings growth on for size.
The Nasdaq Composite index was the only major U.S. benchmark that came out ahead on Monday with a serviceable 0.26% gain.
Stocks moved lower ahead of a big week of earnings reports. Hasbro fell on disappointing results and Polaris Industries reported strong profit gains.
Financial stocks in the S&P 500 dropped 2.1 percent to a one-year low while homebuilders had their 12th decline in 14 days. Bearing the brunt in lenders were New York Community Bancorp, Comerica Inc. and Huntington Bancshares Inc., losing more than 3.8 percent each, while MDC Holdings, KB Home and Lennar each fell more than 3.5 percent in the construction space. “It’s almost like a series of mini-corrections are going on in the marketplace right now,” Shawn Matthews, former chief executive officer of Cantor Fitzgerald LP who launched a hedge fund called Hondius Capital this year, said on Bloomberg Television.
Stocks gave up an early rally Monday, giving the benchmark S&P 500 index its fourth straight loss. Banks led the broad slide, which also included declines by health care and energy companies. The losses ...
Banks led a broad slide in U.S. stocks Monday as an early rally faded, giving the benchmark S&P 500 index its fourth straight loss. Crude oil prices eked out a small gain after spending most of the day in the red. The latest losses came as traders geared up for a busy week of company earnings reports that should help answer how Corporate America is coping with rising interest rates, inflation and the impact of global trade disputes.
More than three stocks fell for every two that rose in the S&P 500 Index, with banks tumbling the most. The U.K.’s FTSE 100 eased 0.1 percent.Germany’s DAX Index edged 0.3 percent lower.The MSCI Emerging Market Index jumped 1.1 percent.The MSCI Asia Pacific Index increased 0.4 percent.
Goldman Sachs Group Inc. has one of the gloomier outlooks and forecasts the the recent decline in equity markets, as well as Federal Reserve interest-rate increases and a stronger greenback, will trim growth by about three-quarters of a percentage point by mid-2019, according to economist Daan Struyven. Other economists expressed were not convinced that overall financial conditions had tightened significantly in recent months. “The real question is whether the Fed unleashes forces it then loses control of and financial conditions are tightening more substantially than they would have liked,” said Stephen Stanley, chief economist at Amherst Pierpont Securities LLC in New York.
Why fear rising rates? Consumer staples ETFs, which are known to underperform in such an environment, have been flying high lately.