|Day's Range||2,802.13 - 2,846.16|
|52 Week Range||2,346.58 - 2,940.91|
Equities extended declines after new reports showed that the manufacturing industries in the U.S. and Germany manufacturing industry slid last month, fueling concerns of a global slowdown.
The market could be poised for further gains, even with risks mounting, JPMorgan said on Thursday.
LONDON/TOKYO (Reuters) - Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in almost three years, hurt by China's economic slowdown.
The S&P 500 Index saw its biggest drop in two months Friday, with materials and financials leading the benchmark down as the yield on 10-year Treasuries, already at a more-than-one-year low, extended its decline.
Uncertainty on tariffs and poor economic numbers coming out of Germany tossed cold water on the market rally. The S&P 500 looked headed back to its all-time high, but then fears of a global economic slowdown crept in. The low interest-rate environment is having an effect on the markets.
U.S. stocks fall sharply, with the Dow tumbling more than 300 points, after a downbeat round of macroeconomic data in Europe and the United States stoked global growth fears while a closely watched yield curve inverted for the first time since 2007, triggering recession worries.
Where US Crude Oil Could Head by the End of MarchOil’s implied volatility On March 21, US crude oil’s implied volatility was 24.9%, which was 6.7% below its 15-day average. Usually, lower implied volatility supports oil prices. You can see the
12:49 p.m. The Dow Jones Industrial Average just keeps tumbling after the yield curve inverted, and support levels are beginning to get knocked out. The Dow has dropped 410.25 points, or 1.6% to 25,552.26, while the S&P 500 has slumped 1.7% to 2805.22, and the Nasdaq Composite has tumbled 2.2% to 7670.73. The S&P 500 had barged through just about every resistance level it had encountered and had even looked to have taken out the most important—the resistance between 2800 and 2815.
Business Development Company (BDC) share prices are rebounding after hitting a near three-year low in December and are outperforming the S&P/LSTA leveraged loan index as well as the S&P 500. Nearly 95% of BDCs have seen since December an improvement in share price to Net Asset Value (NAV), a measure of a company’s assets minus liabilities on a per share basis, according to data from LPC, a unit of Refinitiv. The positive performance of BDCs, which invest in the debt of small and medium-sized companies, is due to low portfolio valuations after credit spreads widened in a volatile December amid a market selloff.
The Dow Jones Industrial Average fell sharply Friday as weaker-than-expected manufacturing data in the U.S. and Europe renewed fears of slowing global growth. tumbled 5.5% after the sports apparel company posted weaker-than-expected third quarter sales in its key North American market. shares rose 3.1% despite the luxury jewelry retailer missing Wall Street's fourth-quarter sales expectations.
By Amy Caren Daniel (Reuters) - Wall Street's main indexes declined about 1 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to a yield-curve inversion, stoking ...
A yield curve inversion happens when long-term yields fall below short-term yields. It has historically been viewed as a reliable indicator of upcoming recessions.
The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are sliding on Wall Street, erasing the market's gains for the week. Banks are taking some of the biggest losses Friday ...
With the U.S. Federal Reserve well and truly doubling down on its dovish guidance this month, the global rate hiking cycle is at an end. There are exceptions of course but the big central banks of the developed world -- the Fed, the European Central Bank and Bank of Japan -- have all reacted decisively to the steady drumbeat of depressing economic data by pushing any policy tightening plans to the backburner.
The spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007 on Friday and stocks around the world fell after soft U.S. and European data fuelled fears of a global economic slowdown following this week's dovish turn by the U.S. Federal Reserve. The inverted yield curve is widely understood to be a leading indicator of recession. This was after German 10-year bond yields dived below zero for the first time since October 2016 after German data showed manufacturing contracted in March for a third straight month in Europe's biggest economy.
Ringing today's opening bells are Startek, a customer experience management company, with Bogie Rosenzweig and CEO Lance Rosenzweig at the NYSE and Women Creating Change with President and CEO Carole Wacey at the Nasdaq.