|Day's Range||6,830.76 - 6,994.75|
|52 Week Range||6,630.67 - 8,133.30|
Yahoo Finance’s Alexis Christoforous and Kristin Myers break down why so many gen xers are more likely to be in debt.
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.
A retail earnings bonanza and a slew of housing data will be released Tuesday.
There is a shift in the tone at the Fed during speeches over the last week. Yahoo Finance's Julie Hyman, Adam Shapiro, Andy Serwer and Gabriela Santos Gabriela Santos - JPMorgan Global Market Strategist discuss.
Oil is in a bear market, but now a new bearish pattern is crystallizing in the commodity that has absolutely bludgeoned bulls over the past two months.
Cash is king, according to Goldman Sachs strategists who predict that 2019 will deliver lackluster, single-digit equity returns, making greenbacks the best game in town.
Thanks to the shale revolution, plunging oil prices are a drag on U.S. economic growth, but the hit is uneven, notes one economist.
The S&P 500 fell 35 points, or 1.33%, to 2,654.92 as of 9:36 AM ET (14:36 GMT), while the Dow tumbled 406 points, or 1.62%, to 24,611.05 and the tech-heavy Nasdaq Composite was down 116 points, or 1.65% to 6,912.27.
The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl's as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a technology selloff. Target Corp shares slumped 10.65 percent after the retailer's third-quarter profit missed analysts' estimates as investments in its online business, higher wages and price cuts hurt margins. Department store operator Kohl's Corp shed 9.46 percent after its full-year profit forecast fell below expectations.
The marquee industrials index is getting the worst of it, down 1.96%. The S&P 500 is off 1.4%, and the Nasdaq Composite is 1.3% lower.
In case you have been living under a rock for the last two months, the market is an absolute bloodbath right now and that’s putting it lightly. In fact, the market has been so bad that the beloved FAANG stocks, Facebook (Nasdaq: FB), Amazon (Nasdaq: AMZN), Apple (Nasdaq: AAPL), Netflix (Nasdaq: NFLX), and Google parent Alphabet (Nasdaq: GOOGL)(Nasdaq: GOOG), are all officially in a bear market, which means they are down over 20%. Here’s how far off each stock is from their 52-week highs:Facebook is down about 39% from its 52-week high of $218.52 reached back on July 25Amazon is down about 26. ...
The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sales. Apple Inc's 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its lowest level since early May, pushing the tech-heavy Nasdaq to more than 7-month lows.
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.
Snap Inc. reportedly isn't planning to give up on its goal of becoming a seller of physical cameras, according to Cheddar. The company is preparing to roll out an enhanced version of its Spectacles glasses by year end, Cheddar reported Tuesday. The new glasses would have two cameras, a "more premium frame made of aluminum," and a $350 price tag, according to the report. Snap has been selling cheaper Spectacles glasses for just over two years, but the company had to take a hefty charge because the products weren't selling as well as expected. A Snap spokesman said the company doesn't comment on product rumors or speculation. Its shares are down just 0.3% in Tuesday morning trading, while the tech-heavy Nasdaq Composite Index is off 2.2%. Snap's stock has shed more than half its value over the past 12 months, while the Nasdaq has ticked up just 1.1%.
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.