|Day's Range||2,802.49 - 2,827.95|
|52 Week Range||2,417.35 - 2,872.87|
Turkey's financial crisis worsens as the country's government adds new tariffs on U.S. goods. Yahoo Finance's Seana Smith, Andy Serwer, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
Macy's earnings and the July report on retail sales will be highlights for investors on Wednesday as a busy week for the retail industry rolls on.
By Stephen Culp NEW YORK, (Reuters) - U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey's currency crisis and global trade tensions, with all three major indexes on track ...
The Dow Jones Industrial Average is on the brink of notching a dubious distinction at the closing bell Wednesday, as U.S. equity benchmarks are facing the sharpest downturn since late June.
KEY WORDS Scott Minerd isn’t bullish on U.S. stocks. And he can’t emphasize that point enough. The Dow Jones Industrial Average (DJIA) , the S&P 500 index (SPX)and the Nasdaq Composite Index (COMP)are all trading lower early Wednesday, with the equity benchmarks wallowing in a resumption of their hand-wringing over the health of Turkey’s economy as the Turkish lira (USDTRY)relinquishes some hard-fought gains against the U.
Want to start an argument on Wall Street? Just ask when the current bull market began. “Hold the champagne! This is not the longest bull market on record or since WWII as the current buzz on the Street would have you believe,” wrote Jeff Hirsch, editor of the Stock Trader’s Almanac, in a blog post.
NEW YORK (AP) — Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling sharply.
While fund managers are bullish on US equities (SPY), there’s still no lack of concern in the market. In the BAML (Bank of America Merrill Lynch) August 2018 survey, for the fourth month in the last six, trade war concerns were cited as the top concern among global fund managers. A total of 57% of the fund managers surveyed cited trade war risk as what they considered to be the top tail risk.
The Dow Jones Industrial Average is getting beaten up after Turkey increased tariffs on U.S. goods, including cars, tobacco, and alcoholic beverages, on Wednesday. China's tumbling market has also raised concerns. Volatility had been scraping near historical lows, while skew, a measure of fat-tail risk, had been ticking up. Throw in some seasonal weakness and you get "the perfect storm," Andrew Thrasher, portfolio manager at the Financial Enhancement Group and founder of Thrasher Analytics told Barron's. "People will point to the lira, emerging market contagion, or whatever else but the beautiful thing about the market is it doesn't need a reason at all.