Why did the Dow plunge? Banks and tech stocks drag down market

The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.

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  Key Stock Indexes Suffer Weekly Loss As Dow Dives 460 Points

  Investor's Business Daily
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  Dow Jones, Stock Market Rally; Biotech Giant Plunges On Canceled Trial

  Investor's Business Daily

Here's how much money you should save in your 401(k), says author of 'I Will Teach You To Be Rich'

Your employer-sponsored 401(k) is one of the most powerful long-term investment tools you've got. "I get this question all the time: How much should I have in my 401(k)?" personal finance expert Ramit Sethi tells CNBC Make It . About 47 percent of millennials (defined here as those ages 25 to 34) have access to a workplace retirement plan like a 401(k), according to a recent academic report from Stanford University .

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  401K vs. IRA: What's the Difference?

  Investopedia
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  6 Tips For Making The Most Of Your 401(k) Account

  Investor's Business Daily Video

Even most Americans with $10,000 to invest couldn't answer these 3 money questions

There's a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement. That's what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs). These three questions were particularly tricky and stumped at least half of all respondents: 1.

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  401K vs. IRA: What's the Difference?

  Investopedia
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  6 Tips For Making The Most Of Your 401(k) Account

  Investor's Business Daily Video

Ford Stock Is a Screaming Buy At Current Prices

Shares have U.S. auto giant Ford (NYSE:F) have been in a secular decline for several years now. There are many reasons why Ford stock has underperformed the market by 100 points over the past five years. The sum of those headwinds has caused Ford's sales to fall flat, margins to compress, and profits to drop.

U.S. Banks Keep Tumbling as Bad News Piles Up, Curve Inverts

Big banks extended losses into a fourth day Friday, as 10-year Treasury yields tumbled, the 3-month/10-year yield curve inverted for the first time since 2007, U.S. manufacturing data missed expectations and Europe's economic outlook darkened. The KBW Bank Index slid 4.5 percent, the most since Dec. 4, to a session low after President Trump said he will nominate long-time supporter and Jerome Powell critic Stephen Moore to the Federal Reserve Board. The index hit its lowest intraday since Jan. 15, with top decliners once again including regional banks Regions Financial Corp.

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  Explainer - What is an inverted yield curve?

  Reuters
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  Yield curve inverts for first time since 2007 on global growth worries

  Reuters

Comcast has a new streaming box for cord cutters that you can get for $5 per month

Comcast will debut a streaming video box for broadband-only customers. The box and service, called Flex, will cost $5 per month and be available next week. Comcast CMCSA is making it easier for its broadband-only customers to access streaming video without an outside set-top box.

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  How the Fox Deal Could Add to Disney's Online Streaming Plans

  Market Realist
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  Apple's event on Monday could revolutionize the way we watch TV

  BGR News

Cramer's lightning round: I don't get why this stock is down so much

Jim Cramer runs through his thoughts about viewers' stock picks.

• Jim Cramer Advises His Viewers On Cisco, Nokia, Splunk And More

  Benzinga
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  The market could get hammered later this year after these long-awaited IPOs, Jim Cramer says

  CNBC Videos

9 Super-Safe-Growth Stocks for Long-Lasting Dividends

The company serves a wide spectrum of “do-it-yourself” and “do-it-for-me” customers, including homeowners, renters and professional contractors from different construction trades. A large footprint of conveniently located stores across the U.S., an extensive range of products, a well-known brand and a diversified customer base are Lowe's key competitive advantages. This should lead to better growth prospects for the company and its dividend.

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  Why Associated Banc-Corp (ASB) is a Top Dividend Stock for Your Portfolio

  Zacks
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  Are You Looking for a High-Growth Dividend Stock? American Assets Trust (AAT) Could Be a Great Choice

  Zacks

Stocks tumble as global manufacturing data weakens

Equities extended declines after new reports showed that the manufacturing industries in the U.S. and Germany manufacturing industry slid last month, fueling concerns of a global slowdown. The Dow (^DJI) sank 1.04%, or 269.56 points, while the Nasdaq (^IXIC) fell 1.73%, or 135.51 points. U.S. Treasury yields, which move inversely to prices, broadly declined Friday, with the yield on the 10-year note dipping below that of the shorter-term 3-month bill for the first time since 2007.

• US STOCKS-Wall St tumbles on global economic slowdown fears

  Reuters
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  U.S. Treasuries signal trouble, stocks fall on global growth worries

  Reuters

3 Cheap Stocks to Buy That Are Worth Every Penny

In an about-face on the trade dispute, President Trump conceded that tariffs on Chinese goods may remain for a “substantial period of time.” Simultaneously, this hurts the broader markets but it also raises prospects for cheap stocks. Most speculative miners have projects in extremely unstable countries just begging for nationalization.

CEO who hired for Microsoft, Amazon: Top 3 in-demand skills—and the questions employers ask to see if you have them

What's important to note is that many companies — especially large ones like Microsoft , Amazon and Google — all have one thing in common: We utilize A.I., machine-learning and data science to enhance our products, so hiring people with the right skills to fill those gaps is a huge priority. The real struggle, however, is being able to successfully separate the wheat from the chaff. According to a new report from the McKinsey Global Institute , the three most in-demand skills by 2030 will be: Social and emotional skills Higher cognitive skills Technological skills If you're looking to fill a role at a large tech company, here are the types of interview questions employers ask to determine wh...

Why the Federal Reserve may have just killed the stock market rally

A very dovish Federal Reserve The setup into Fed Day was this: A patient Fed on the interest rate hiking front would lead to a growth acceleration in the second half of this year. After all, how could the U.S. economy not catch fire with rate hikes all but off the table in 2019, the job market still solid and corporations benefiting from the Trump tax cuts. Unfortunately for the bulls, Powell stuck a dagger in their hearts by perhaps being too dovish.

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  The Fed is 'not yet done' with rate hikes, according to S&P Global Ratings

  CNBC
• U.S. effective fed funds rate rises above interest on reserves

  Reuters

You may be earning less than a 20-year-old Silicon Valley intern

Silicon Valley is offering astronomical salaries and benefits packages to woo young, talented interns, and the trend is starting to spread across the U.S. At Facebook, for example, the median monthly pay is $8,000, or $96,000 annually — nearly double the average annual base salary for the U.S. worker. But recruiting them is not easy. They want to work for employers who incorporate elements they value, like diversity, a cool culture, mentorship and the chance to work on meaningful projects.

More shale, who cares? Saudi Arabia pushes for at least $70 oil

DUBAI/LONDON (Reuters) - Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh's share of global crude markets might be further eroded. Riyadh, OPEC's de facto leader, said it was steeply cutting exports to its main customers in March and April despite refiners asking for more of its oil. The move defies U.S. President Donald Trump's demands for OPEC to help reduce prices while he toughens sanctions on oil producers Iran and Venezuela.

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  Oil Price Fundamental Daily Forecast – Testing 2019 Highs Amid Tightening Global Supply

  FX Empire
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  Oil pulls back, but U.S. prices tally a third straight weekly gain

  MarketWatch

Finally a Stock Rout You Can't Totally Blame on Jerome Powell

Could it be that the economy is becoming a bigger concern for investors than Jerome Powell? Friday's decline was led by cyclical industries, among them banks -- casualties of a flattening yield curve that many would attribute to the Federal Reserve chairman. “The real underlying catalyst is the question investors are struggling with: how much of a slowdown are we looking at?” said Jim Paulsen, chief investment strategist at the Leuthold Group.

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  U.K. Bond Market Relives 2016 Heyday Amid No-Deal Brexit Fears

  Bloomberg
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  Gold Jumps To March's Highs After Fed and BoE; Good US Data

  FX Empire

Suze Orman: This is one of the biggest mistakes people ma...

Personal finance expert Suze Orman shares what you're doing wrong on your taxes and how to fix it.

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  This Mistake Is Costing Taxpayers $1.4 Billion in Refunds

  Motley Fool
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  Tax Law Is Getting More Popular, but Smaller Refunds Could Hurt Trump and GOP

  The Fiscal Times

What to Expect for the Markets Next Week

U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.

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  The Late Morning Rundown: March 21, 2019

  CNBC Videos
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  This Day in History, March 21, 2019

  CNBC Videos

Top Ranked Income Stocks to Buy for March 21st

Here are four stocks with buy rank and strong income characteristics for investors to consider today, March 21st: Ares Management Corporation (ARES): This alternative asset manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days. Ares Management L.P. price-consensus-chart | Ares Management L.P. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.4%, compared with the industry average of 3.2%. Its five-year average dividend yield is 4.9%.

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  Actuant (ATU) Beats Q2 Earnings, Misses Revenue Estimates

  Zacks
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  Host Hotels (HST) Down 2.9% Since Last Earnings Report: Can It Rebound?

  Zacks

Less Than 40% of People Know the Answers to These Basic 401(k) Questions. Do You?

Survey question: True or False: Nonworking (or low income-earning) spouses can contribute to a traditional IRA. Correct answer: True Answered correctly: 26% Nonworking spouses can contribute to both a traditional IRA and a Roth IRA as long as the married couple files a joint tax return and each has a separate IRA. The contribution limits for the nonworking spouse are the same ($6,000 for 2019 for those under 50).

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  A Conclusive Guide to Tax Treatments Of Roth IRA Distributions

  Investopedia
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  4 Simple Ways to Reduce Your Taxes

  Motley Fool

Powell Sees Strong Economic Fundamentals but Yield Curve Leaning Toward Recession

In the wake of the U.S. Federal Reserve's decision to keep interest rates unchanged and to slash all projections of a rate hike this year comes a couple of completely different assessments of the moves. According to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. All this suggests is be prepared for volatility in the Treasury markets with one camp indicating the possibility of at least one rate hike, and the other indicating lower rates.

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  Cramer: Powell fixed his 'rookie mistake' and is now on the right path with rates

  CNBC
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  Could Gold Prices Rise as Market Concerns Increase?

  Market Realist

It's time to put bonds in your portfolio, says BlackRock'...

Rick Rieder, BlackRock Global CIO of fixed income, calls into 'Fast Money Halftime Report' to discuss the mid-day markets amid concerns of an economic slowdown. He also weighs in on the Fed's dovish call.

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  US economic slowdown concerns

  Fox Business Videos
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  Fed is going to drive us into a recession, says Canaccord...

  CNBC Videos

Final Trades: Verizon, XPO, Pfizer, Alphabet and BB&T

The "Halftime Report" traders give their top stocks to watch for the second half.

GM to build electric vehicles in U.S. plants, add 700 job...

CNBC's Phil LeBeau reports from a General Motors press conference where the company is announcing a new $1.8 billion dollar investment to build electric vehicles in the U.S. following ongoing controversy with President Trump. Trump criticized the compa...

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  GM plans to make new electric car, spend $300M, hire 400 workers in Lake Orion

  USA TODAY
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  GM to announce $300 million investment in Orion EV/AV plant

  Reuters