|Day's Range||7,011.40 - 7,224.12|
|52 Week Range||6,630.67 - 8,133.30|
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.
Big technology and internet companies tumbled again Monday, leading to broad losses across the stock market. The Dow Jones Industrial Average briefly fell 500 points. On Monday: The S&P 500 index dropped ...
U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Conflicting signals over the state of play between the United States and China on their trade dispute added to caution in the market. Shares of Apple Inc fell after the Wall Street Journal reported the company had cut production orders in recent weeks for all three iPhone models launched in September.
World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index dropped 1.7 percent following a decline in shares of Apple and its suppliers.
The main equity benchmarks saw losses accelerate in morning trade after a report showed home-builders’ confidence plummeted in November. U.S. financial markets will be closed Thursday for the Thanksgiving Day holiday. The tech-heavy Nasdaq Composite Index (COMP) led the markets lower, closing down 219.4 points, or 3%, to 7,028.48.
The Nasdaq Composite Index on Monday logged the worst decline since late October and the S&P 500 and Dow suffered their worst day in about a week, as a fresh tumble in technology and internet-related shares dragged major benchmarks in the red. The Nasdaq closed down 3% at 7,028--performing the worst among its benchmarks to commence a holiday-shortened week. The day's loss was the worst for the Nasdaq since Oct. 24, according to FactSet data. Meanwhile, the Dow Jones Industrial Average ended down 395 points, or 1.6%, at 25,017, while the S&P 500 index declined 1.7% at 2,690. The fall for the S&P 500 and the Dow represented their worst since Nov. 12, according to FactSet data. That said, Monday's selloff came amid a lower volume period, with markets closed on Thursday for Thanksgiving. Shares of Apple Inc. dropped 4% and narrowly avoided a close in bear-market territory, defined as a decline from a recent peak of at least 20%, while shares of Google-parent Alphabet Inc. ended in a bear market for the first time since around 2011, highlighting a deterioration in popular tech and growth names that had helped to drive the markets to repeated records but were now in sharp retreat. Monday's downturn accelerated as a report on home-builder confidence came in weaker than expected.
Netflix’s stock has fallen far enough and long enough to produce its first “death cross” pattern in nearly three years, becoming the third member of the FAANG technology darlings to suffer that bearish technical fate.
Warnings that good times are coming to a halt are coming fast and furiously, now.. The three main benchmarks on Monday were enduring a fresh pummeling that puts renewed pressure on once-highflying technology and internet-related stocks.