|Day's Range||6,830.76 - 6,932.84|
|52 Week Range||6,630.67 - 8,133.30|
The bull run will continue in 2019, but it may be time to start getting defensive and raise cash allocations, according to Goldman Sachs’ 2019 stock market outlook.
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.
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 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 500 points, or 2%, at 24,523, the S&P 500 index sank 1.8% at 2,642, and the tech-oriented Nasdaq Composite Index retreated a sharper 2.3% at 6,866, declining the sharpest among the main U.S. equity benchmarks. For the year, the Dow was down 0.7%, the S&P 500 showed a year-to-date loss of 1.1%, while the Nasdaq was down 0.4%. 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.
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.
U.S. stock futures tumbled on Tuesday, a day after heavy losses for Wall Street, with tech stocks again setting up for a tough session. Dow futures slid 151 points, or 0.6%, to 24,869, while S&P 500 futures dropped 18.55 points, or 0.7%, to 2,678. Nasdaq-100 futures tumbled 75.25 points, or 1.1%, to 6,597. On Monday, the Dow industrials slid nearly 400 points on weak economic data and the Nasdaq Composite dropped 3%. Apple Inc. , a big loser Monday, was again down in premarket amid lingering concerns about demand for its new iPhone models. As well as stock futures oil prices were off sharply, with January West Texas Intermediate crude down nearly 1% and January Brent crude down over 1%.
BEIJING (AP) — World stocks slid Tuesday and Wall Street was expected to drop again amid concerns about the tech sector dragged down U.S. indexes the day before.
ASIASTOCKS BLOG 7:10 a.m. It’s as if the bulls already took off for Thanksgiving, as the Dow Jones Industrial Average looks set to tumble again after falling on Monday. Dow futures have fallen 176 points, or 0.