|Day's Range||2,632.51 - 2,667.44|
|52 Week Range||2,532.69 - 2,940.91|
Yahoo Finance’s Alexis Christoforous and Kristin Myers break down why so many gen xers are more likely to be in debt.
Major indexes are off more than 1% as tech worries drag the markets lower. Yahoo Finance’s Seana Smith is at the New York Stock Exchange.
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.
Consumer spending is strong in 2018 but will the trend continue in the new year. Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer and Gabriela Santos, JPMorgan Global Market Strategist discuss.
Treasuries advanced and oil plunged to its lowest price in 12 months. The worst of the stock sell-off eased but all major U.S. averages remained lower by at least 1 percent. The S&P 500 Index briefly slid 10 percent below its record close, the Nasdaq Composite Index erased its gain for the year, and the Dow Jones Industrial Average shed more than 300 points as angst spread across global equity markets.
The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand. Apple Inc's (APPL.O) 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its lowest level since early May, pushing the tech-heavy Nasdaq to more than 7-month lows. The Nasdaq, S&P 500 and Dow Jones Industrial Average were all down more than 2 percent at one point during morning trade and the S&P traded back into negative territory for the year.
U.S. stock-index futures on Tuesday were set to extend a pre-Thanksgiving rout that has been fueled mostly by a selloff in shares of technology and internet-related companies.
Relative immunity from tariffs had been the thesis that helped propel the small-cap Russell 2000 to highs in August, but as a less-than-stellar earnings season comes to a close, some market participants are questioning whether the thesis holds water.
It’s a little too easy to find bad news. The Dow was down almost 400 points in mid-morning trading. The S&P 500 and the Nasdaq were both off more than 1.5%.
Shares of Nvidia Corp. are up 1.9% in Tuesday morning trading after noted short-seller Citron Research announced on Twitter that it had taken a long position in the stock. "This is the first time in two years [that the] stock offers an appealing risk-reward to investors," the firm said on Twitter. Nvidia is "still a player in AI and data" and "will eat through [its] inventory issue," the tweet said. Nvidia shares were down as much as 7.9% earlier in Tuesday's session prior to the Citron call. Also on Tuesday, Cowen & Co. analyst Matthew Ramsay reiterated his upbeat stance on the company's prospects following recent management meetings but cut his price target to $265 from $320. Nvidia shares have slipped 36% in the past month, while the S&P 500 has lost 4.3%.
Big banks look like losers now that the midterm elections are over, according to some analysts. Rep. Maxine Waters, a California Democrat, looks set to lead the House Financial Services Committee and deliver “headline risk.”
The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sales. Apple Inc's 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its lowest level since early May, pushing the tech-heavy Nasdaq to more than 7-month lows.