|Day's Range||1,465.25 - 1,496.14|
|52 Week Range||1,436.43 - 1,742.09|
Stocks getting crushed again today as there's seemingly nowhere for traders to hide. Plus - Apple is a big laggard on the Dow as Goldman cuts estimates. It's the call of the day. And - Retail wreck? Strong earnings don't help as investors look to future performance. We have the latest. Plus - stocks getting smoked but do the technicals have anything positive to say? Brian Shannon reads the charts. Catch The Final Round at 3:00 p.m. ET with Jen Rogers and markets correspondent Myles Udland.
Stocks dropped again Tuesday as losses mounted for the world's largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year.
Relative immunity from tariffs had been the thesis that helped propel the small-cap Russell 2000 to highs in August, but as a less-than-stellar earnings season comes to a close, some market participants are questioning whether the thesis holds water.
Apple and tech stocks caught the worst of it in the market rout. The Dow Jones Industrial Average tumbled 1.6% to 25,017.44, while the Nasdaq plunged 3.0%, to 7028.48.
This phenomenon was not exploitable, as investors couldn't purchase every fund and fees consumed all of the alpha the average dollar generated. Conventional wisdom holds that markets are zero-sum: For every winning dollar before fees there must be a losing dollar. This, coupled with the practical reality that most active stock funds have failed to keep pace with their benchmarks, is how the case for indexing has tended to be made.
FT subscribers can click here to receive Market Forces every day by email. A sense of calm prevails across currency markets (even the pound on Monday) and this is best illustrated by a US dollar that has lost some momentum.
In fact if you do a Google search for "Death Cross on Small Caps" you will get about 34,900,000 results. Nearly 35 million citations! Unbelievable that a technical approach could get that much notice. Over the past 45 years that I have been actively involved in the markets I have found that when too many people look at the same thing like a supposed head-and-shoulders pattern on Treasury Bonds or a death cross on small caps, the signal doesn't work or doesn't play out the way they believed or hoped for.
Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday.
U.S. stock indexes closed mostly higher Friday after another day of volatile trading. A late-afternoon wave of buying gave the S&P 500 its second gain in a row, although the benchmark index ended the week ...
A late afternoon wave of buying moved U.S. stocks higher Thursday. Gains in health care and energy companies powered the market higher. It also got a brief boost earlier after President Donald Trump expressed optimism that the U.S. and China will reach a deal to resolve their costly trade dispute.
A California regulator says the state would help to keep PG&E from going bankrupt. Yahoo Finance's Adam Shapiro, Julie Hyman, Alexis Keenan, and Andy Serwer discuss with Intrepid Capital President Mark Travis.
Yahoo Finance’s Alexis Christoforous speaks to Penn Mutual Asset Management CIO Mark Heppenstall about why he thinks heightened volatility should be the focus in the markets.