|Day's Range||2,681.09 - 2,733.16|
|52 Week Range||2,532.69 - 2,940.91|
CEO confidence in the economy for the next year is at its lowest level in 12 months, adding to a growing body of evidence and the market's negative trend is telling investors something bad about the economy.
When this correction is over, there will be tremendous opportunities.
The Nasdaq 100 Index plunged more than 3 percent to the lowest since April on renewed concern the trade war will hurt global demand and disrupt supply chains for the major technology companies that have carried the bull market for almost 10 years. Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund firm, said that investors should expect low returns for a long time after years of low interest rates and quantitative easing have squeezed most of the returns out of assets in the U.S. Meanwhile, optimism that relations between the U.S. and China would improve at Group-of-20 meetings starting next week, dissipated. Coming UpBank of England Governor Mark Carney appears before parliament on Tuesday.It’s a shortened trading week because of the Thanksgiving holiday in the U.S. on Thursday.
Big technology and internet companies tumbled again Monday, leading to broad losses across the stock market. The Dow Jones Industrial Average briefly fell 500 points. On Monday: The S&P 500 index dropped ...
The Columbus, Ohio-based company said it had a loss of 16 cents per share. Earnings, adjusted for non-recurring costs, were 16 cents per share. The results exceeded Wall Street expectations. The average ...
World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc (AAPL.O) and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index dropped 1.7 percent following a decline in shares of Apple and its suppliers.
U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Conflicting signals over the state of play between the United States and China on their trade dispute added to caution in the market. Shares of Apple Inc fell after the Wall Street Journal reported the company had cut production orders in recent weeks for all three iPhone models launched in September.
World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index dropped 1.7 percent following a decline in shares of Apple and its suppliers.
First, the bond market is signaling that the economy is less than ideally healthy. The monthly National Association of Home Builders/Wells Fargo Housing Market Index report released Monday only ratified those concerns as it tumbled by the most since 2014 in an ominous sign for a critical part of the economy. At the same time, the Atlanta Fed’s GDPNow index, which aims to track growth in real time, shows the economy is most likely expanding at about a 2.75 percent rate, a big deceleration from the past two quarters.
Guardant Health Inc. reported earnings late Monday that missed Wall Street profit expectations but beat on sales. It was the company's first earnings since its initial public offering earlier this year. Guardant reported third-quarter net losses of $24.5 million, or $1.94 a share, compared with losses of $33.3 million, or $2.76 a share, in the year-ago period. Revenue rose to $21.7 million from $11.1 million in the year-ago period. The five analysts surveyed by FactSet had estimated losses of 29 cents a share on revenue of $17.4 million. For the fourth quarter, analysts model losses of 32 cents a share on sales of $21.2 million. Guardant said it expects full-year 2018 revenue of $82 million to $84 million; the FactSet consensus is for revenue of $74.4 million. Guardant stock closed down roughly 10% in Monday trading, with the S&P 500 index falling 1.7%.
The main equity benchmarks saw losses accelerate in morning trade after a report showed home-builders’ confidence plummeted in November. U.S. financial markets will be closed Thursday for the Thanksgiving Day holiday. The tech-heavy Nasdaq Composite Index (COMP) led the markets lower, closing down 219.4 points, or 3%, to 7,028.48.