|Day's Range||2,583.23 - 2,647.51|
|52 Week Range||2,532.69 - 2,940.91|
Google CEO heads to Capitol Hill, and CBS shareholders will be gathering in NYC on Tuesday.
Stocks fell dramatically Monday morning only to claw their way back. Yahoo Finance's Adam Shapiro, Seana Smith and Andy Serwer talk to Jimmy Lee, CEO of Wealth Consulting Group.
Benchmarks fell in Japan, fluctuated in South Korea and Hong Kong, and ticked higher in China. “The message that you get from today’s action and from Thursday and Friday is that you should expect more of this going forward,” Alicia Levine, BNY Mellon Investment Management chief strategist, said on Bloomberg TV of trading in the U.S. “We are expecting volatility and we are expecting more large moves both to the upside and the downside,” she said.
Stocks in Tokyo fell to their lowest level in a year and a half and Japanese government bond yields remained near their lowest in a year as Asia-Pacific equities put in a mixed performance in the absence of a firmer lead from Wall Street. The 10-year US Treasury yield fell 1bp to 2.849 per cent.
One trend is that stock-market advances have been smaller and more gradual, while declines have been swifter and more severe. Meanwhile, the Dow Jones Industrial Average has posted four slumps of 3% or more this year without a rise of that size—on track to make history with that streak. The trend paints a picture of the market struggling to climb higher while slipping more easily into one-day plunges, indicating investor sentiment is deteriorating.
The dollar rose Monday, as investors piled into the currency amid worries over global trade, Brexit and big swings in U.S. stocks. The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, rose 0.5% to 90.69. U.S. Trade Representative Robert Lighthizer said Sunday that the U.S. would hold fast to its 90-day deadline for the conclusion of a lasting agreement with China on trade, adding that Washington would impose punishing tariffs on Chinese imports if none is reached.
Wall Street’s fear gauge settled lower Monday after erasing earlier gains—a sign investors are closely monitoring market signals on future volatility and adjusting options positions accordingly. The Cboe Volatility Index, known as VIX, fell to 22.64, snapping a three-session streak of gains. The VIX also closed above the level of 15 for the 44th day in a row, continuing its longest such stretch since March 2016.
The Fed has become slightly less scary for the stock market, and traders are now pricing in a lower probability that it will raise interest rates even once next year. The turmoil in financial markets has helped change expectations for the Fed, which Fed watchers say may now be more concerned about financial conditions after the more than 11 percent decline in stocks and a weaker world economy. "The Fed's ability to surprise the market has kind of diminished.
Wall Street had a volatile session overnight which saw the Dow recover from a 507-point drop. Meanwhile, U.K. Prime Minister Theresa May delayed a Brexit vote that was set to take place on Tuesday in the U.K. parliament. Also on Monday, the Reserve Bank of India's chief, Urjit Patel, resigned abruptly, stoking concerns over the independence of the central bank.
By Noel Randewich SAN FRANCISCO (Reuters) - The S&P 500 is not yet in a bear market, but nearly half of its components are. Hurt by worries about global growth, the S&P 500 (.SPX) on Monday fell as much ...
While the S&P 500 Index bounced Monday within points of its 2018 low, it’s fallen out of a range of technical support, including its 200-day moving average. Longer run, it’s a little tougher to see,” Peter Jankovskis, co-chief investment officer at Oakbrook Investments, said by phone. Below are four views that tackle the question from the perspective of valuation, using corporate earnings, monetary policy and economic fundamentals.
The S&P 500 is not yet in a bear market, but nearly half of its components are. Hurt by worries about global growth, the S&P 500 (.SPX) on Monday fell as much as 1.89 percent before reversing course and ending the session with a 0.17 percent gain, trimming its loss so far in December to 4.44 percent. The S&P 500 index has been in a correction since October, defined by many investors as a drop of 10 percent or more from a high.
The market rebounded from the deep losses seen Monday morning, leaving all three major indexes in positive territory by the end of the day.
Apple got hit with a court order to stop selling older iPhones in China, and the biggest biotech IPO in history is still selling below its offering price.
The energy index was the S&P's biggest percentage loser as oil prices declined and financial stocks tumbled with the S&P 500 bank index (.SPXBK) confirming it was in bear territory. It might explain a little bit the reversal," said David Joy, Ameriprise Chief Market Strategist. The Dow Jones Industrial Average (.DJI) rose 34.31 points, or 0.14 percent, to 24,423.26, the S&P 500 (.SPX) gained 4.64 points, or 0.18 percent, to 2,637.72 and the Nasdaq Composite (.IXIC) added 51.27 points, or 0.74 percent, to 7,020.52.
Michael Brush says index funds cause irrational stock-market meltups and meltdowns, and recommends 4 fund-management stocks that are cheap.
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.
Is the worst over? The requirements for a rally. With Tony Dwyer, Canaccord Genuity, CNBC's Joe Kernen and Bob Pisani, and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Guy Adami.