|Day's Range||2,732.98 - 2,775.99|
|52 Week Range||2,532.69 - 2,940.91|
President Donald Trump tweeted Monday that Democrats could harm markets with their "Presidential Harassment."
U.S. stocks are lower Monday as investors digest developments in the crude-oil market, and contend with a rising dollar, with bond markets closed in observance of Veterans Day.
Shares of General Electric Co. tumbled 5.0% in midday trade Monday, enough to pace the decliners in the industrial sector, but that represented a big bounce off earlier lows. The struggling diversified industrial company's stock had been down as much as 10% at an intraday low of $7.72, which was the lowest price seen since March 9, 2009, before paring losses. The stock was heading for its 12th loss in 13 sessions, and has plunged 36% during that stretch. On Friday, the stock had dropped 5.7%, after J.P. Morgan's Stephen Tusa, the most bearish analyst covering GE, slashed his price target to $6 from $10, citing concerns over the $100 billion in liabilities and zero enterprise free cash flow. The last time GE shares closed as low as $6 was Dec. 23, 1991. The stock has plummeted 60% over the past 12 months, while the SPDR Industrial Select Sector ETF has gained 0.9% and the S&P 500 has tacked on 6.3%.
The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing ...
The S&P 500 Index and Dow Jones Industrial Average both stumbled Monday, while the Nasdaq 100 dropped for the third day and the Russell 2000 small-cap benchmark erased its gains for the year. Major suppliers for Apple fell as investors fretted about one of the most important product lines in the technology sector, and U.S. chip stocks followed suit. “FANG was the leader on the way up,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital.
A steep drop in technology companies sent U.S. stocks sharply lower Monday, knocking off more than 400 points from the Dow Jones Industrial Average. Banks and consumer-focused companies and media and communications ...
The Dow Jones Industrial Average midday Monday was trading near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices , which fell into bear-market territory, defined as a drop from a recent peak of at least 20%. And while that threat has stabilized somewhat, with the Organization of the Petroleum Exporting Countries considering cuts to production to address rising crude-oil inventories, a new problem appears to be knocking stocks around. Some market participants were attributing a rise in the dollar to a roughly 1 1/2-year high as one of the key factors producing fresh headwinds for the broader market. A popular gauge of the buck, the ICE U.S. Dollar Index was trading up 0.5% at 97.43, representing its highest level since June of 2017, according to FactSet data. A stronger dollar can hurt sales of multinational companies, making goods relatively more expensive to customers purchasing abroad. Meanwhile, the bond market was closed in observance of Veterans Day. Most recently, the Dow was down 401 points, or 1.5%, at 25,588, the S&P 500 index was off 1.4% at 2,742, while the Nasdaq Composite Index retreated by 2.2% at 7,240. To be sure, a decline in shares of Apple Inc. after a series of negative reports on its holiday shipping also was weighing on technology and internet-related stocks and the broader market. A sharp decline in shares of Goldman Sachs Group Inc. also was delivering a hefty blow to the Dow and the broader market.
"The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!" he tweeted Monday. The justification was the latest offered by a president who frequently touted stock market gains early in his administration as evidence of the nation’s economic health and his success in governing.
DEEP DIVE Some investors with long-term commitments aren’t interested in a company’s performance for only one quarter. Others react, or overreact, to breathless headlines after companies surprise analysts.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined sharply on Monday after finishing last week with a gain of 2.8%. Apple Inc. fell 4.5% on Monday after a key supplier issued a profit warning, increasing investor concerns that iPhone demand may be waning.
The S&P 500 fell 18 points, or 0.65%, to 2,762.82 as of 9:42 AM ET (14:42 GMT), while the Dow decreased 139 points, or 0.53%, to 25,850.26 and the tech-heavy Nasdaq Composite was down 100 points, or 1.35%, to 7,306.71.
The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while a drop in Apple shares added pressure to U.S. equities and tech shares. Major U.S. stock indexes dropped more than 1 percent in initial trading, weighed down by a 4.6 percent slump for index heavyweight Apple, after an iPhone part supplier cut its outlook. In Europe, fears about a no-deal Brexit and a growing rift over Italy's budget put pressure on the euro and the pound.
Shares of Goldman Sachs Group Inc. turned sharply lower early Monday and was producing the stiffest headwind for the Dow Jones Industrial Average. Shares of Goldman were off 6% or $13.12, at $209.44. The decline was cutting about 100 points from the Dow , in midday trade. A $1 move in any one of the Dow's 30 components equates to a swing of 6.8 points from the price-weighted stock-market index. The Dow was down 437 points, or 1.7%, at 25,560. Meanwhile, the S&P 500 index was down 1.6% at 2,736, and the Nasdaq Composite Index was trading 2.8% lower at 7,201, in an ugly day for the broader stock market.
By Lewis Krauskopf NEW YORK (Reuters) - The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks ...
While the benchmark index ended last week with another rally of more than 2 percent, the ascent faltered around 2,815, a level that halted a similar recovery attempt in mid October and represented a 61.8 percent retracement of the entire decline from the September peak. A daily sell signal on Friday based on Tom Demark’s market-timing indicators suggested that resistance is likely to hold, said Stephen Suttmeier, BofA’s technical analyst. Among them, the S&P 500 broke its 40-week average for the first time in two years during the October rout, an indication that the rally that took the index up as much as 60 percent from its 2016 trough is running out of steam.
Tariffs are generating worries in the stock market, but not as much from company executives. With earnings season nearly completed, only about one-third of the companies reporting so far have used the word "tariffs" during their conference calls. Of that group, less than 10 percent have said tariffs are having a negative impact.
ETFs, overall, gathered about $13.7 billion capital last week, with U.S. fixed income ETFs leading the way higher with $6.5 billion inflows.
After an ugly October, U.S. stocks bounced, as the Democratic congressional candidates won the House of Representatives and the Republicans won the Senate. The first trend is margin debt. "Margin debt is very high," Ming Cen, managing director and senior researcher at Perella Weinberg Global Macro Fund told TheStreet.
The Nasdaq Composite Index early Monday was the worst performer among the three main U.S. benchmarks, with its drop putting the index on track to close at its lowest level in about two weeks. The Nasdaq was down 1.7% at 7,280. A close there would mark the technology and internet-related index's lowest level since Oct. 30 when it finished at 7,161.65, according to FactSet data. A sharp decline in shares of Apple Inc. was weighing on the broader market, including the market-capitalization S&P 500 and the price-weighted Dow Jones Industrial Average .
The iPhone maker fell 3.8 percent after laser sensor maker Lumentum Holdings Inc slashed its forecast, saying a large unnamed customer had materially cut orders, while screen maker Japan Display Inc lowered its full-year outlook on weaker demand from smartphone makers. Lumentum plunged 30.9 percent and shares of other iPhone suppliers including chipmaker Cirrus Logic Inc, Qorvo Inc and Skyworks Solutions Inc fell between 3 percent and 10 percent.
Roger Altman, Evercore senior chairman, weighs in on global economic trends and what they mean for the U.S. and financial markets.
Shawn Matthews, Hondius Capital Management CEO and Tobias Levkovich, Citi chief U.S. equity strategist, discuss their outlooks on General Electric shares and markets in general.