|Day's Range||2,567.44 - 2,590.75|
|52 Week Range||2,532.69 - 2,940.91|
The Dow Jones Industrial Average fell on Monday following a Wall Street rout on Friday that pushed the blue-chip index into correction territory, or more than 10% below its record high achieved Oct. 3. declined 1.7% after officials in Malaysia filed criminal charges against the bank and two of its former employees as part of an investigation into a multi-billion-dollar corruption scandal linked to a sovereign wealth fund. fell 2.3% on Monday following last week's plunge that shaved $40 billion in market value from the consumer brands giant following a report that said the company knew for decades that its iconic baby powder sometimes contained asbestos and failed to alert authorities.
Stocks tumbled on Monday, December 17, with investors cautious over the health of the world economy and two key policy events in focus this week. With U.S. stocks having their weakest performance in December in 16 years, the Federal Reserve's decision on interest rates Wednesday will be paramount in defining both the final trading days of the year and the broader market tone heading into 2019. The maker of baby powder hit the headlines on Friday, Dec. 14 after Reuters released a detailed report that accused the company of knowing that the baby powder possibly contained asbestos.
A judge sided with Texas late Friday in a lawsuit alleging that Congress’s decision in 2017 to kill a related tax penalty essentially voided the entire Affordable Care Act. The drop in the Bloomberg Intelligence Hospitals Index is led by Community Health Systems, Tenet Healthcare, Quorum Health and HCA Healthcare. Tenet was downgraded by Baird after the ruling, while analyst Matthew Gillmor recommended buying HCA and Universal Health on the weakness.
The S&P 500 Index dropped Monday at the open, testing February lows, while the Nasdaq 100 and Dow Jones Industrial Average also plunged more than 1 percent. Health-care stocks got hit in the wake of Friday’s court decision ruling Obamacare unconstitutional. With the Fed this week seen raising interest rates for a fourth time in 2018, Chairman Jerome Powell’s remarks will be closely studied for clues to policy for next year.
Stock benchmarks trade lower after the Dow Jones Industrial Average fell into correction territory and the three main benchmarks on Friday marked their worst start to December trading since 1980.
Stocks put in an ugly close Friday, with the Dow Jones Industrial Average joining the S&P 500 and Nasdaq Composite in correction territory. But contrarians looking for signs of panic were left disappointed, says one prominent chart watcher.
(Reuters) - U.S. stocks opened lower on Monday, as edgy investors waited for the Federal Reserve's monetary policy guidance and its implications of slowing global growth. The Dow Jones Industrial Average ...
On December 7–14, US equity indexes ended in the red. Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) fell 2.7%, 1.3%, and 1.2%, respectively. Energy stocks form ~5.1%, 5.9%, and 5.2%, respectively, of these equity indexes.
The latest slide erased the Nasdaq's slim gains for the year, with the U.S. markets experiencing their worst December performance in over 80 years. The Dow Industrials ended Friday 10 percent below its record closing high to join the S&P 500 and Nasdaq in what is known as correction territory. A host of health insurers and hospital operators fell on Monday after a federal judge on Friday ruled that the Affordable Care Act, commonly known as Obamacare, was unconstitutional based on its mandate requiring people buy health insurance.
"The central bank should pause its double-barreled blitz of higher interest rates and tighter liquidity," Drunkenmiller says in a WSJ op-ed. The U.S. economy can "ill afford a major policy error," either from the Fed or the rest of the administration, he says. The Federal Reserve should halt its interest rate increases as recent developments in the markets and economy signal caution, hedge fund manager Stanley Drunkenmiller said in a commentary for the the Wall Street Journal over the weekend.
A brutal week leaves stocks with the worst start to a December in 38 years. Here’s why the Federal Reserve might not ride to its rescue.
DEEP DIVE Even after the recent pain in the stock market, the S&P 500 Index is down only 3% in 2018 (excluding dividends). That’s not so bad when you consider the benchmark index rose 19% in 2017. Still, more than half of the stocks in the index are in bear-market territory, showing how broad the decline has been.