|Day's Range||7,101.17 - 7,285.57|
|52 Week Range||6,630.67 - 8,133.30|
Apple shares are down almost 20% from their highs and Wall Street firms just won't stop publishing a torrent of negative commentary about the iPhone maker.
Stocks are starting the day higher as oil prices climb. Yahoo Finance’s Alexis Christoforous speaks with Scott Gamm from the New York Stock Exchange.
Technology companies and banks led stocks lower on a turbulent day on Wall Street, extending the market's slide to a fifth day. Bond prices rose Wednesday as traders shifted money into low-risk assets. ...
A turbulent day of trading on Wall Street ended Wednesday with a fifth consecutive loss for the benchmark S&P 500 index.
Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives. Financial stocks fell after Democrat Maxine Waters, who is expected to become chair of the House Financial Services Committee, made clear that she intends to push for stricter rules on the sector. Waters said she was concerned by the Federal Reserve's efforts to reduce capital and liquidity requirements for banks and wants the central bank to vigorously supervise large banks.
U.S. stocks close lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.
The Dow Jones Industrial Average gave up a more than 200-point opening gain early Wednesday and turned negative, as shares of Apple Inc. slumped. The Dow had opened the session with an advance of as many as 214 points but closed down 206 points, or 0.8%, at 25,080. The index logged a four-session skid, which represents its longest string of declines since Aug. 13, according to FactSet data. Shares of Apple closed down 2.8%, or $5.43, to $186.80 on Wednesday and are down 19.5% since hitting a peak in early October. A 20% drop would meet the traditional Wall Street definition of a bear market for Apple. Since that Oct. 3rd peak, which took Apple to a value over $1 trillion, the Cupertino, Calif-based tech giant has given up $216.6 billion in value to $886.4 billion, according to FactSet data. Meanwhile, the S&P 500 index finished down 0.8% at 2,702, while the Nasdaq Composite Index ended down 0.9% at 7,136.
The Dow Jones Industrial Average on Wednesday finished solidly lower in a day of whipsawing action for all major indexes, buffeted by a decline in shares of financial firms, a tumble in Apple and developments tied to Britain's exit from the European Union. The Dow Jones Industrial Average closed down 205 points, or 0.8%, at 25,080, the S&P 500 index ended down 0.8% at 2,702, while the Nasdaq Composite Index closed off 0.9% at 7,136. Prime Minister Theresa May secured cabinet approval for her Brexit deal Wednesday evening, which has been a source of underlying concern for Wall Street because a disruptive exit from the EU could have negative implications for financial markets across the globe. May still has work to do to get her Brexit plan passed through Parliament. Meanwhile, a decline in shares of Apple Inc. also was in focus as the largest company by market value fell 2.8% and flirted with a descent into bear-market territory, defined as a drop of at least 20% from a recent peak. Earlier in the day, financial names dropped as Democrat Rep. Maxine Waters said she would fight back against any rollback in bank regulations. Her remarks come after the Democrats won control of the House in the midterm elections. A gauge of financial firms, the Financial Select Sector SPDR ETF, ended the session down 1.2%. Worries about trade tensions between China and the U.S. continue to run against that backdrop of concerns. In all, Wednesday's session was notable for its violent moves, with the Dow gaining as many as 214 points at the open and falling by as many as 350 points at the low. Meanwhile, crude-oil prices stabilized, halting a 12-session skid, with the downdraft in the commodity serving as a source of concern for market participants worried about signs of sluggish global growth.
U.S. stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears of tightening regulations on the banking industry. Based on the latest available ...
The S&P 500 index was poised for a fifth straight decline on Wednesday afternoon, with a deepening slide threatening to wipe out all of the broad-market gauges gains for 2018. The S&P 500 index was recently down 1.1% at 2,692.05, and is clinging to a gain of about 0.6%, according to FactSet data. If the benchmark of large-capitalization stocks falls below 6,673.61 it would have shed all of its gains for the year. Wednesday's decline was being led by a slump in shares of financial firms, with a popular gauge of financials, the Financial Select Sector SPDR ETF , down 2.3% and technology stocks also sinking. The Technology Select Sector SPDR ETF was off 1.6%. Meanwhile, the Dow Jones Industrial Average was down 323 points, or 1.2%, at 24,966, dipping below a psychological, round-number level below 25,000, while the Nasdaq Composite Index was sinking 1.3% at 7,107.
A closely followed gauge of small-capitalization stocks is a hair’s breadth of realizing a bearish pattern.
Prominent trader Mark Fisher has one theory on why crude-oil prices have unraveled into a bear market in only six weeks, capped by a 7% drop on Tuesday.
U.S. stocks turned lower on Wednesday as Apple Inc led a decline in technology stocks, offsetting early support from tame U.S. consumer prices data and a rebound in oil prices. A raft of profit warnings from Apple's suppliers has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall. The S&P energy index which had risen in morning trade on a rebound in oil prices, following a 7 percent plunge on Tuesday, also gave up gains.
It's do or die for stocks. Brian Shannon, CMT and founder of www.alphatrends.net joins Yahoo Finance's Jen Rogers and Myles Udland to break down the action in the SPDR S&P 500 ETF (SPY). Two time frames tell two different stories.