|Day's Range||1,494.92 - 1,530.62|
|52 Week Range||1,436.43 - 1,742.09|
BEIJING (AP) — Most Asian stock markets declined Thursday after Wall Street fell for a fifth day and Britain's Cabinet endorsed a draft agreement to leave the European Union.
Technology companies and banks led stocks lower on a turbulent day on Wall Street, extending the market's slide to a fifth day. Bond prices rose Wednesday as traders shifted money into low-risk assets. ...
The Russell 2000 Index of smaller firms fell 0.8 percent Wednesday, capping a five-day decline that erased its year-to-date gain for a second time in as many months. Fundamentals are going against small firms, Citigroup said. Dips in earnings estimates have been more evident than large-caps and with higher leverage, smaller firms are more vulnerable to rising interest rates.
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.
A closely followed gauge of small-capitalization stocks is a hair’s breadth of realizing a bearish pattern.
Small-cap stocks just entered the dreaded death cross, a technical development that traditionally suggests weakness ahead for an asset. And if history is any indication, that may signal trouble for the broader market.
LONDON (AP) — Concerns about political developments in Britain and Italy kept a lid on global stock markets on Wednesday. Meanwhile oil prices recouped some lost ground.
FT subscribers can click here to receive Market Forces every day by email. A slowing global economy outside the US has challenged investors and duly shaken commodity, bond and equity markets. Stalling momentum for the global economy was certainly on display on Wednesday as both Japan and Germany experienced larger than forecast contractions in economic activity during the third quarter of this year.
Most stock funds fell an average of 7.9%, a plunge that eradicated all the 2018 gains accrued. Indeed, the damage done to all stock funds put the total return of all U.S. mutual stock funds and ETFs at an embarrassing 0.0%, according to data from Lipper. During the first eight months of the year, the S&P 500 index logged a gain of 8.5%, while the Russell 2000 rose 13.4%.
British Prime Minister Theresa May holding an emergency cabinet meeting as the UK and EU reach a deal on Brexit. Yahoo Finance's Adam Shapiro, Seana Smith, Andy Serwer, and Alanna Petroff discuss.
Markets turn downward as tech stocks continue slide. Yahoo Finance's Seana Smith and Adam Shapiro talk with Scott Gamm at the NYSE.