|Day's Range||7,424.74 - 7,520.54|
|52 Week Range||6,517.93 - 8,133.30|
“Those are the four headwinds facing markets. And ... markets are sort of digesting them and fighting through them. And that’s why we had volatility."
The housing market has been stalling out this year and the stock market is starting to sense that all is not well with a major driver of the U.S. economy.
Earnings, global economic concerns, trade worries and the Fed’s interest rate decisions are weighing on the markets. Yahoo Finance’s Alexis Christoforous speaks with Tom Essaye of The Sevens Report.
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.
U.S. stocks opened higher Monday, buoyed as global equities took a cue from a continued rebound by Chinese shares from multi-year lows. The S&P 500 was up 0.3% at 2,775, while the Dow Jones Industrial Average advanced 40 points, or 0.1%, to 25,485. The Nasdaq Composite was up 0.6% to 7,492. Chinese stocks surged for a second day Monday following another round of reassuring comments from leaders and top regulators, sending the Shanghai Composite up 4.6% and the smaller Shenzhen Composite up 5.2%. U.S. investors are also set for a deluge of earnings reports as third-quarter earnings season hits its stride this week.
Autodesk’s (ADSK) revenue fell at a four-year CAGR (compound annual growth rate) of 2% to $2.1 billion in fiscal 2018, which ended on January 31, 2018. The Media, Entertainment, and Other segments generated the company’s remaining revenue. The company recorded positive net income of $57.6 million in the first half of fiscal 2019. Autodesk’s revenue forecasts for fiscal 2019, fiscal 2020, and fiscal 2021, respectively, are $2.5 billion, $3.2 billion, and $3.9 billion. Its expected net incomes are $207 million, $689 million, and $1.1 billion, respectively.
Rising bond yields are putting an end to the “there is no alternative” mantra that provided a pillar of support for stocks. But it might be too soon to underweight equities just yet, some investors argue.
Take-Two Interactive Software’s (TTWO) revenue fell at a four-year CAGR (compound annual growth rate) of 5% to $2 billion in fiscal 2018, which ended on March 31, 2018. Its net income fell at a four-year CAGR of 3% to $461.3 million. The company’s products are delivered via digital online services and physical retail and other services.
STOCKSTOWATCHTODAY BLOG 6:28 a.m. U.S. stocks look set for a higher open Monday morning after a massive rally in China’s markets. The Shanghai Composite jumped 4.1% after China’s leaders announced measures, including details of personal income-tax cuts, that helped shift investor sentiment.