|Day's Range||6,884.16 - 7,017.92|
|52 Week Range||6,630.67 - 8,133.30|
NEW YORK (AP) — Stocks around the world are falling Monday morning, and U.S. indexes gave up modest early gains and turned lower, hurt by sharp drops for energy and financial companies.
10:53 a.m. The S&P 500 is falling—again—an this time its targeting a level that has proven to be support for much of 2018. The S&P 500 is getting close to that level today—it is off 1.1% at 2,602.94, while the Dow Jones Industrial Average has dropped 333.47 points, or 1.4%, to 24,055.48, while the Nasdaq Composite has declined 0.6% to 6,930.59—and might very well break it. If it does, the S&P 500’s closing low near 2580 and its trading low near 2530 would be the next support levels.
The benchmark S&P 500 and the blue-chip Dow Jones Industrial Average, already in the red for the year after last week's slide of more than 4.5 percent, fell another 0.5-0.6 percent, while the Nasdaq moved marginally higher. Apple fell 1.7 percent after Qualcomm Inc said it had won a preliminary order from a Chinese court banning the import and sale of several iPhone models in China due to patent violations. Ten of the 11 major S&P sectors were lower, led by a 1.4-percent drop in financials on expectations that the Federal Reserve would be less aggressive with monetary policy next year.
Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal. The benchmark S&P 500 and the blue-chip Dow Jones Industrial Average, already in the red for the year after last week's slide of more than 4.5 percent, fell another 0.5-0.6 percent, while the Nasdaq moved marginally higher. Apple fell 1.7 percent after Qualcomm Inc said it had won a preliminary order from a Chinese court banning the import and sale of several iPhone models in China due to patent violations.
Stock investors are challenged by a still-healthy U.S. economy weighed against evidence of slowing growth abroad and continued trade tensions.
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. ...
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.
Emotion, not fundamentals, are driving the markets and that makes it tough to predict where stocks will go next. Yahoo Finance’s Alexis Christoforous speaks with Ryan Nauman of Informa Financial Intelligence.