|Day's Range||24,768.79 - 25,140.98|
|52 Week Range||23,242.75 - 26,951.81|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves.
Dow Jones Industrial Average and S&P 500 finished lower, while the Nasdaq finished higher by 0.26%.
The Dow Jones Industrial Average is falling was falling 432 points, or 1.71%, to 24,884 as blue chips tumbled in the wake of disappointing earnings. Here are how some of the Dow's biggest components were faring during Tuesday's selloff.
The Dow Jones Industrial Average falls Tuesday after earnings disappoint. The S&P 500 trades lower for the 12th time in 14 sessions.
U.S. stocks slumped broadly on Wall Street Tuesday, sending the Dow Jones Industrial Average down 200 points and extending the market's recent string of losses.
Wall Street sank on Tuesday, continuing a punishing month for U.S. stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China's slowdown to Saudi Arabia's diplomatic isolation. The Dow Jones Industrial Average is 6.83 percent down from its all-time closing high and the Nasdaq 9 percent. Caterpillar tumbled 5.8 percent after the heavy-duty equipment maker maintained its 2018 earnings forecast, after having raised it in the previous two quarters.
Wall Street isn’t just wrangling with a wall of amorphous worries, it is facing a painful downdraft that implies further market pain ahead, says at least one analyst.
Boeing was responsible for a 70.23-point drop in the benchmark due to the fact that it’s the highest-priced stock in the price-weighted Dow.
Investing.com - Wall Street opened sharply lower on Tuesday with the Dow falling triple digits as a raft of geopolitical and economic concerns soured sentiment for global equities and weak earnings reports added to risk-off sentiment.
Technically speaking, an already-aggressive October market downdraft has accelerated this week. In the process, the S&P 500 has violated its 200-day moving average, plunging to retest key support, writes Michael Ashbaugh.
Shares of Verizon Communications Inc. shot up 3.8% in midday trade, to buck sharp selloff in the communications sector and the broader market, after third-quarter results beat expectations. The rally put the stock on track for the highest close since April 12, 2000. Analyst Jeffrey Kvaal at Instinet reiterated his buy rating, saying he believes "steadily improving fundamentals" have not yet been priced into the stock. Verizon's stock rally came in the face of a 1.3% drop in the Communications Services Select Sector ETF and the Dow Jones Industrial Average's 376-point, or 1.5% tumble. Verizon's stock has not run up 12% over the past three months, while the Dow has slipped 0.4%.
The stock market opened with a resounding thud on Tuesday morning, as the Dow Jones Industrial Average at one point had shed more than 500 points. The S&P 500 and the Nasdaq Composite endured even harder hits, down more than 2% each. Here’s the case for things getting worse before they get better.
Wall Street sank on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M triggered alarm bells over corporate growth and added to concerns ranging from China's slowdown to Saudi Arabia's diplomatic isolation. The Dow Jones Industrial Average fell to its lowest since July, while the S&P 500 and the Nasdaq retreated to levels last seen in May, continuing a punishing month for U.S. stocks.
In the week ending October 12, US crude oil inventories were 2% above their five-year average. In the previous week, US crude oil inventories were at their five-year average. Oil prices and the inventories spread usually move inversely, as you can see in the following chart. If the inventories spread expands further into positive territory, it might drag oil prices in the coming weeks. The inventories spread is the difference between inventories and their five-year average.
Stocks face a punishing Tuesday following earnings disappointment and as a two-day rally for China’s stock market gave way to renewed selling.
The Russell 2000, composed of small-cap stocks, is officially in correction territory and down nearly 13 percent from its 52-week high. Small caps, publicly traded companies with a market capitalization ranging from $300 million to about $2 billion, were a hot trade earlier this year as investors bid the stocks up as a bet against tariffs. The Dow Jones Industrial Average is close to wiping out its own year-to-date gains — down more than 7 percent from the 52-week high.
The U.S. dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were all around 2 percent lower at mid-morning, dragged down by disappointing earnings from industrial bellwethers Caterpillar Inc and 3M. The dollar/yen is moving almost tick-to-tick with stocks," said David Gilmore, partner at FX Analytics.