|Day's Range||6,830.76 - 6,932.84|
|52 Week Range||6,630.67 - 8,133.30|
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.
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%.
The S&P 500 index on Tuesday was close to tumbling into correction, defined as a decline of at least 10% from a recent peak. The S&P 500 was trading 1.8% lower at 2,641, putting the gauge about 9.7% 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) trading in negative territory, and losses lead by declines of more than 2.5% in energy and information technology. Meanwhile, the Dow Jones Industrial Average was down 530 points, or 2.1%, and the Nasdaq Composite Index shedding 2.4% at 6,864.
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.
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 ...
U.S. financial markets are closed on Thursday for the Thanksgiving Day holiday. But the market has another reason to be thankful on Friday.
Losses in U.S. stock futures deepened. Technology stocks are at the epicenter of the slump, but retailers are under the hammer as well.
Apple shares continue to slump, with German-listed units falling to the lowest level since July, amid multiple reports of tepid iPhone demand, dragging supply-chain stocks and broader tech shares lower in markets around the world. Oil prices slide as U.S. production rates, slowing global demand, offset talk of Saudi-lead output cuts from OPEC next month in Vienna. U.S. equity futures retreat in-line with global stocks, with the Dow called 100 points lower and the Nasdaq set for a 30-point opening bell decline.