|Day's Range||2,632.51 - 2,659.69|
|52 Week Range||2,532.69 - 2,940.91|
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.
When this correction is over, there will be tremendous opportunities.
The S&P 500 index on Tuesday was uncomfortably to a close in correction, defined as a decline of at least 10% from a recent peak. The S&P 500 was trading 2.1% lower at 2,634, putting the gauge about 10% from a recent high at 2,930.75 hit on Sept. 20, based on FactSet data. Tuesday's drop for the broad-market benchmark was sweeping, with all but one of its 11 sectors (utilities up 0.5%) trading in negative territory, and losses lead by declines of more than 3% in energy and information technology. Meanwhile, the Dow Jones Industrial Average was down 587 points, or 2.3%, and the Nasdaq Composite Index shedding 2.8% at 6,832.
U.S. stocks on Tuesday sank at the open, with the Dow Jones Industrial Average , S&P 500 index and the Nasdaq Composite Index all erasing their gains for 2018, underscoring a withering rout for stocks since October that has thus far been underpinned by a steady retreat in technology and internet-related stocks. The Dow was down 575 points, or 2.3%, at 24,449, the S&P 500 index sank 2 at 2,637, and the tech-oriented Nasdaq Composite Index retreated a sharper 2.5% at 6,850, declining the sharpest among the main U.S. equity benchmarks. For the year, the Dow was down 1.1%, the S&P 500 showed a year-to-date loss of 1.4%, while the Nasdaq was down 0.8%. Tuesday's tumble comes after disappointment over quarterly results from Target Corp. . Meanwhile, Apple Inc.'s stock was on track to close in bear-market territory for the first time in years, defined as a drop of at least 20% from a recent peak.
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.
Paul Tudor Jones, a hedge-fund luminary, says he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead for that market segment.
Many investing gurus are predicting a bear market in U.S. stocks. • The chart shows that the effective fed funds rate has risen rapidly. • The fed funds rate is still lower than where it should be, given the strength in the U.S. economy.
At least that’s the view of JPMorgan strategists, who looked at something known as the Hui-Heubel liquidity ratio that purports to measure the number of trades it takes to move prices. For futures on the S&P 500, EuroStoxx 600 and Topix index, the measure has slumped to levels last seen in February. JPMorgan strategists led by Nikolaos Panigirtzoglou mentioned the phenomenon in a lengthy note that sought to catalog all manner of tightening in financial markets, from bonds to equities.
U.S. stocks opened sharply lower on Tuesday as poor forecasts from retailers for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones. The Dow Jones Industrial ...
The S&P 500 Index 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 500 points as angst spread across global equity markets. Retailers were the worst performing group in the S&P 500, followed by tech hardware.
Investors should sell their stocks now if they expect the Fed to hike interest rates next month, Jim Cramer says. Wall Street expects one more rate hike in December and so does Cramer. Investors should sell their stocks now if they expect the Federal Reserve to hike interest rates next month, CNBC's Jim Cramer argued on Tuesday.
U.S. financial markets are closed on Thursday for the Thanksgiving Day holiday. But the market has another reason to be thankful on Friday.