|Day's Range||2,593.84 - 2,635.07|
|52 Week Range||2,532.69 - 2,940.91|
Fundstrat's Tom Lee says investors should buy stocks hand over fist here. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Tim Seymour, Dan Nathan and Guy Adami.
Stocks get crushed as selling pain grips Wall Street and the Dow drops 500 points. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Tim Seymour, Dan Nathan and Guy Adami.
Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors' Steve Chiavarone believes there's nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the Treasury yield curve and credit spreads as key factors contributing to a favorable economic and market environment.
It's natural to feel depressed watching your account values plummet over short periods of time. That is when it's most important to review why you own the stocks that are there, and what you think they are really worth.
The stock market’s inability to hold big opening gains — or big opening losses — is leaving some traders a bit frustrated. The S&P 500 (SPX) opened sharply higher Wednesday as stock markets charged out of the gate, ostensibly on optimism tied to more feel-good headlines surrounding U.S.-China trade talks. The S&P 500 had rallied toward technical resistance at 2,686, he noted, in a Wednesday blog post, and then “it was the gap- filling Algo’s that went to work bringing the S&P 500 lower.
DEEP DIVE Brutal price action continued for U.S. stock investors Friday, with all three major indices ending with big declines. Johnson & Johnson (JNJ) led the largest companies lower, with the shares dropping 10%, after Reuters reported that the company knew for decades that its baby powder was contaminated with asbestos.
The stock market has been predictably unpredictable in 2018. While those words pretty much apply to every year, of course, this one — with a steady diet of explosive moves both north and south — has been particularly difficult to handicap.
A brutal week leaves stocks with the worst start to a December in 38 years. Here’s why the Federal Reserve might not ride to its rescue.
Mounting investor concerns about the outlook for economic growth and borrowing costs have pushed US financial stocks into a bear market. The S&P 500 financial sector index finished 1 per cent lower on Friday to leave it down 20.1 per cent from its late January peak — crossing the 20 per cent threshold that typically defines the start of a bear market. The US central bank is expected to raise interest rates for a fourth time this year on December 19.
Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. U.S. stocks are having their worst December performance in 16 years with the S&P 500 (.SPX) notching a 5 percent drop so far this month. The Fed's ongoing reversal of easy-money policy is a major overhang, and it is expected to raise rates more at the end of its two-day meeting on Wednesday.
Former Federal Reserve Chairman Alan Greenspan said that the U.S. economy is poised to slow down very soon. Former Fed Chair Janet Yellen expressed concerns over the high levels of corporate debt, saying that the issue is similar to what triggered the financial crisis.
The selling began in Asia early Friday after China reported industrial production and retail sales growth numbers for November which failed to meet expectations. The data served as the latest signs of a weakening economy in China. Furthermore, it exposed the risks that China is facing as it continues to battle the United States in their ongoing trade war. Economic conditions also worsened in the Euro Zone. The IHS Markit Flash Euro Zone PMI Index fell to 51.7 in December, its lowest level in four years.
After a gloomy 2018, Wall Street strategists are upbeat about the market’s prospects next year, given a growing economy, low interest rates, and a possible truce on trade.
As a result, CFRA’s investment policy committee adjusted its sector recommendations to embrace a more defensive posture by upgrading consumer staples and real estate, while downgrading communication services and financials. Dec. 12: The total consumer price index, or CPI, was unchanged in November, while the core CPI was up by 0.2%, in each case matching what we and the consensus expected. On a Y/Y basis, both the total CPI and the core CPI are up 2.2% as of November.
Shares in a handful of U.S. companies have rallied following recent announcements of increased share repurchases, a welcome development for investors bruised by market volatility. Facebook Inc., Mastercard Inc., Lowe’s Cos., AbbVie Inc., United Rentals Inc. and Pioneer Natural Resources Co. are among the companies that have unveiled bigger or resumed share buybacks this month as the S&P 500 heads toward its worst quarter since 2011. Buybacks make corporate profits appear stronger by lowering the number of shares outstanding, buoying per-share earnings even without overall profit growth.
Investing.com – The Dow closed lower for the second-straight week on Friday, as fears over slowing global growth triggered a steep selloff across stocks on Wall Street.
The markets have been moving quickly and the S&P 500 could jump 10 percent to finish the year, Fundstrat Global Advisors' Tom Lee says. "I think the market is gravitating toward quality names," he says. Buy Walt Disney over Netflix and Cisco over FAANG stocks to position yourself, he says.
The year was defined by a record number of VIX spikes. But for all the turmoil in trade and geopolitics, markets may calm a bit.
As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market. Small caps have endured the brunt of the selling in the latest market decline, largely due to their higher sensitivity to rising interest rates.
The stock market slumped on Friday as positive headlines about trade weren’t enough to offset negative economic news.
The S&P 600 (.SPCY) small cap index confirmed it was in a bear market after closing 20.05 percent below its Aug. 31 peak, falling 1.6 percent on the day. The Johnson & Johnson (JNJ.N) report, which the company has disputed, sent its shares tumbling 10 percent in heavy volume, making it the biggest weight from a single stock on the S&P 500 and the Dow Industrials. Investors focused on global growth concerns and worried about U.S. growth after China reported weak monthly retail sales growth and industrial output numbers, as disappointing economic data was released from the euro zone.
Investing.com - Yo-yo days are back in oil, with the market falling as much in a day as it rose previously, as global growth fears offset bullish energy fundamentals.
The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — about 3 percent below current levels.