|Day's Range||24,143.14 - 24,424.93|
|52 Week Range||23,344.52 - 26,951.81|
Investors concerned over U.S., China trade talks and Musk tells 60 minutes he doesn’t respect the SEC. That plus all the day's financial news.
(Reuters) - U.S. stocks opened lower on Monday after a drop in Apple Inc's shares curbed the market's attempt to stage a bounce back from its worst week since March on worries over global growth and the ...
Stocks opened slightly lower Monday, then turned mixed, struggling for direction following a selloff that last week sent the S&P 500 and the Dow Jones Industrial Average back into negative territory for the year to date. The Dow Jones Industrial Average was off 17 points, or 0.1%, near 24,371. Shares of Apple Inc. fell 1.8%, leading blue-chip decliners, after news reports said a Chinese court ordered the company to stop selling older iPhone models in the country after finding it had infringed on two patents held by Qualcomm Inc. . The S&P 500 rose 0.1%, while the Nasdaq Composite advanced 0.5%.
U.S. stocks opened lower on Monday after a drop in Apple Inc's shares curbed the market's attempt to stage a bounce back from its worst week since March on worries over global growth and the China-U.S. ...
Global equity markets could struggle to come to terms with a dramatic slowdown from the world's largest economy next year, one Goldman Sachs strategist told CNBC on Monday.
U.S. stock futures are pointing to a slightly higher open, as investors weight the importance of global growth and trade concerns
There’s a very good chance every retirement account will be affected by the volatility, since some portion of even the best diversified plans will be tied to equities.
U.S. equity futures fell about 0.4 percent to six-week lows on Monday, as a global selloff continued on signs of cooling growth and worries that escalating tensions between the United States and China could scuttle their fragile trade truce. The three main indexes slid 4.5 percent or more last week in their biggest weekly tumble since March, pushing the benchmark S&P 500 and the blue-chip Dow Jones Industrial Average into the red for the year. Washington has set a March 1 "hard deadline" to successfully wrap up talks with Beijing over their trade spat, failing which a higher tariff rate will kick in, U.S. Trade Representative Robert Lighthizer said on Sunday.
Global stocks extend declines as trade tensions, slowing growth and a weaker U.S. dollar add to investor concerns heading into the final weeks of the year. Asia shares slump as Japan's Q3 GDP is revised sharply lower and China's November exports screech to a halt as global trade slows amid U.S. tariffs threats. Global stocks extended declines Monday as investors continued to express concern over the fate of U.S.-China trade talks while noting slowing growth from two of the world's biggest exporters and rising geopolitical risks in Europe heading into the final trading weeks of the year.
On December 6, US crude oil’s implied volatility was 48.1%, which was 1.5% above its 15-day average. You can see the inverse relationship between oil prices and oil’s implied volatility is in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 96.5%. Crude oil’s implied volatility has fallen 36% since February 11, 2016.
STOCKSTOWATCHTODAY BLOG 6:46 a.m. Stocks look set to pick up on Monday where they left off on Friday—with more selling. The good news is that the losses are, for the moment contained. S&P 500 futures have fallen 0.
The week’s 10 worst performers among the S&P 500 all post double-digit declines, led by SVB Financial and American Airlines.
Wall Street is looking to avoid its longest losing streak in a month, with US stock futures staging a comeback on Monday despite the preceding sell-off in global markets. — its worst since March — with a 2.3 per cent tumble on Friday that saw the index rejoin the Nasdaq Composite in correction territory, defined as a drop of 10 per cent from a peak, and experience a “death cross” — a sign of bearish momentum that occurs when the index’s 50-day moving average falls below its 200-day moving average.
An investor trend that has helped buoy stocks over most of the past decade is showing signs of breaking down. For the first time since the dot-com era, investors are cautious about buying shares after selloffs, raising signals that the longest bull market in U.S. history is in its late stages. This year, that “buy-the-dip” trend has broken apart.
With three weeks left until the end of 2018, both the Dow and the S&P 500 are mired in the red. And it will essentially be up to the Federal Reserve to determine whether the stock market will extend its winning streak for a third year or take a breather.
Sunday's drop in futures comes after China summoned the U.S. ambassador to Beijing on Sunday to protest Huawei CFO Meng Wanzhou's detention. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government.
Although falling stocks and rising interest rates will continue to weigh on sentiment, those negatives are likely to be offset by higher wages and retreating oil prices, Goldman says in a research note to clients.
A busy week ahead will see Britain’s fate become all the more clear, with the ECB delivering on policy. On the risk front, U.S and China will be in focus.
DEEP DIVE Considering how much coverage there has been of the strengthening U.S. economy, demand for workers and a massive tax cut that has boosted corporate earnings, 2018 has been a disappointing year for the stock market overall.
The Dow Jones Industrial Average fell sharply Friday following a U.S. jobs report that was weaker than expected. Oil prices jumped Friday after OPEC member states and their allies agreed to cut production for at least six months. rose 0.58% Friday after the chipmaker posted fiscal fourth-quarter earnings that topped estimates and it issued a forecast higher than analysts' expectations.
With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 percent. As they start to position their portfolios for 2019, fund managers, from firms including ValueWorks, Sierra Investment Management and Federated Investors, say they are looking at sectors that could snap back next year thanks to a combination of more attractive valuations and a decline in the dollar. "If you look out at the broader picture, a lot of things are going right," said Terri Spath, chief investment officer at Sierra Investment Management, citing strong consumer confidence and other economic indicators.