|Day's Range||7,424.74 - 7,520.54|
|52 Week Range||6,517.93 - 8,133.30|
U.S. equity futures took a nosedive in early trading Tuesday, following a rout in global stocks.
While the market seems largely immune to trade tensions - warning signs on the horizon signal more upheaval to come. Yahoo Finance's Seana Smith, Adam Shapiro, Andy Serwer and Grant Bughman of UBS Asset Management discuss.
Investors are keeping their money in stocks, despite the volatile market. Yahoo Finance’s Alexis Christoforous speaks with Sam Stovall of CFRA.
The sell-off in U.S. equities put the S&P 500 Index on track for its 12th loss in 14 days as investors grow concerned that the trade war and rising interest rates have put an end to runaway expansion of corporate profits. Caterpillar sank 6 percent in early trading after flagging concern over rising materials costs, while 3M dropped 5 percent after cutting its forecast. The Stoxx Europe 600 Index slid toward the lowest level since December 2016 as Asian equities teetered on the verge of a bear market.
Safe haven currencies, such as the dollar and the yen, hoard gains as investors shed risk amid rising tensions linked to the Jamal Khashoggi murder and the ongoing budget and Brexit negotiations in Europe.
Symantec’s (SYMC) revenue fell at a four-year CAGR (compound annual growth rate) of 7% to $5 billion in fiscal 2018, which ended on March 31, 2018. Its net income fell at a four-year CAGR of 4% to $1.1 billion. Symantec’s revenues are expected to be $4.7 billion, $5 billion, and $5.1 billion, respectively, in fiscal 2019, fiscal 2020, and fiscal 2021.
Stocks sold off around the world Tuesday, with technology shares plunging amid resurgent fears about the health of China’s economy and a slew of geopolitical concerns. Inc. plunged 7.4% and 6.1% respectively in premarket trading after their third-quarter earnings missed expectations. Weak results from those companies will do little to reassure investors about the health of global economic growth.
SINGAPORE (AP) — A sharp drop in Chinese stocks led global markets broadly lower on Tuesday, as investors digest the impact of trade tensions on the country as well as other geopolitical worries, such as Italy's debt problems.
Asian markets fell on Tuesday as investors remained cautious amid rising global tensions. South Korea's Kospi dipped more than 2.5 percent to see its lowest close since March 2017. Overnight on Wall Street, the Dow Jones Industrial Average and S&P 500 declined while the Nasdaq Composite advanced.
Credit Suisse’s Jonathan Golub says an upsurge in volatility may be feeding on itself leading to further wobbles in a market that was on the verge of busting higher just a month ago.
The Nasdaq Composite index was the only major U.S. benchmark that came out ahead on Monday with a serviceable 0.26% gain.
October is living up to its reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst.
The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week. Technology sector gains limited losses on the S&P 500 and helped to lift the Nasdaq. The beaten-down S&P technology index was up 0.8 percent.
U.S. stocks closed lower after choppy trade on Monday, as some investors showed signs of earnings season nerves, while political worries in Europe led the dollar to strengthen against the euro and sterling. The euro continued its slide on uncertainty over Italy's budget and the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remained in deadlock.
U.S. stocks close mostly lower Monday, with the S&P 500 dropping for a fourth day in a row, as third-quarter earnings season picks up pace.
Stocks ended lower Monday, extending the S&P 500's losing streak to four days as financial and energy shares led the way lower. Tech stocks rebounded, however, allowing the Nasdaq Composite to end 0.3% higher near 7,469, according to preliminary figures, snapping a three-day losing streak. Financials were the big loser, with the sector slumping 2.1%, while energy was off 1.1%. The beaten-down tech sector rose 0.8%. The S&P 500 ended the day off 0.4% near 2,756, while the Dow Jones Industrial Average shed around 127 points, or 0.5%, to finish near 25,317.
Equinix’s (EQIX) revenue rose at a four-year CAGR (compound annual growth rate) of 19% to $4.4 billion in 2017. Its net income rose at a four-year CAGR of 25% to $233 million. Its revenue rose 23% to $2.5 billion in the first half of 2018.