|Day's Range||2,604.25 - 2,635.07|
|52 Week Range||2,532.69 - 2,940.91|
Market volatility continues to unnerve investors. Yahoo Finance's Julie Hyman, Adam Shapiro and Timothy Chubb CIO of Univest Wealth Management Division discuss.
The decline in shares erased about $47 billion from the company's market capitalization with investors worrying about the fallout of the report as it faces thousands of talc-related lawsuits. "It is not surprising that an article from Reuters outlining years of potential knowledge regarding the perils of talc should agitate investors," BMO Capital Markets analyst Joanne Wuensch said. J&J was found to have known about the presence of small amounts of asbestos in its products from as early as 1971, a Reuters examination of company memos, internal reports and other confidential documents showed.
U.S. stocks are down as investors turn their attention to weaker-than-expected China industrial production and retail sales data.
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe exacerbated worries about global growth as investors considered the broader impact of the trade dispute between the United States and China. Germany's private-sector expansion slowed to a four-year low, meanwhile, suggesting growth in Europe's largest economy may be weak in the final quarter. The European data came on the heels of weak readings from China, where November retail sales grew at the weakest pace since 2003 and industrial output rose the least in nearly three years, underlining risks to the economy as Beijing works to defuse its trade dispute with the United States.
Trade-related tensions between the United States and China, weakness in the tech sector, concerns about slowing global growth and jitters about the Federal Reserve marching toward higher interest rates have kept investors on their toes. One-month historical volatility - a measure of how much stocks have swung on a daily basis over the course of a month - has risen to 21 percent, up from about 7 percent a year ago. The Cboe Volatility Index, a widely followed barometer of expected near-term volatility for stocks, has logged an average daily close of 15.8 so far in 2018, up from 11.2 last year.
By Medha Singh (Reuters) - U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew ...
The stock market has been predictably unpredictable in 2018. While those words pretty much apply to every year, of course, this one — with a steady diet of explosive moves both north and south — has been particularly difficult to handicap.
U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder. The report, which J&J has disputed, sent the company's shares tumbling 8.31 percent in heavy volume. The stock was easily the biggest drag on the S&P 500 and the Dow Industrials.
On December 6–13, US equity indexes had the following correlations with US crude oil January futures: the S&P Mid-Cap 400 (IVOO): -51.5% the S&P 500 (SPY): -49.7% the Dow Jones Industrial Average (DIA): -43.3%
A closely watched measure of market sentiment shows investors the most bearish since 2013, sparking contrarian hopes that a bottom may be near for the stock market.
The S&P 500 Index tumbled toward 2,600 -- a level it fell below on Monday for the first time since February’s sell-off. The sour mood on Wall Street Friday came after equities slumped from Asia to Europe on concern that Chinese growth is slowing. President Donald Trump attributed the latest data to his trade war, even suggesting a deal could come soon.
Since late 2016, the small-cap sector has soared on an unbroken upwards trajectory, as the Russell 2000 index surged past the S&P 500. While the S&P 500 rose 8.5% in the first eight months of this year, the Russell 2000 posted a 13.4% return. The impact on the small cap sector, however, has been disproportionately greater, as smaller companies are more sensitive to increased borrowing costs and rising wages.
Investors fled U.S. equity funds at the fastest pace on record in the week ended Wednesday, according to data from Lipper. More than $46 billion was redeemed from U.S. stock mutual funds and ETFs between Dec. 5 and 12, the largest weekly outflow since Lipper began tracking weekly flows in 1992. The data comes amid a continued stock market selloff that’s driven the S&P 500 (SPX) into correction territory and left it on track for its biggest quarterly loss since the third quarter of 2011.
Markets are trading higher as investors digest easing trade tensions between the U.S. and China. Yahoo Finance's Julie Hyman and Adam Shapiro discuss with Angel Oak Capital Senior Portfolio Manager Sam Dunlap.