It's the call of the day! Goldman Sachs cutting its price target on Apple yet again. This time to $182. Analyst Rod Hall citing yesterday’s Wall Street Journal’s report of further production cuts, as well as overall lack of enthusiasm of the iPhone XR.
Stocks are getting hit hard. Buy the dip? Sell the weakness? Brian Shannon, CMT and founder of www.alphatrends.net joins Yahoo Finance's Jen Rogers, Myles Udland and Brian Sozzi to break down the action in the SPDR S&P 500 ETF (SPY) and the Invesco Nasdaq 100 Trust (QQQ).
The Technology sector ended the day as the biggest loser, leading today's selloff, while the Utilities sector ended as one of the few sectors in the green today.
Does today's price action throw a Santa Claus rally out the window? Bulls still need to push through 2760 on the S&P 500 to scare the shorts, and are now clinging to support at 2690. Yahoo Finance's Jared Blikre joins Jen Rogers and Myles Udland to break down the day's action in the markets
Our call of the day is Apple, after Morgan Stanley analyst Katy Huberty came out with a note in which she reiterated her overweight rating on Apple, writing that all the noise around supply chain concerns is a buying opportunity.
Risk markets continue to deliver mixed messages to traders and market participants. The latest price action suggests more downside -- but first -- with a possible bounce to the 2750 level in the S&P 500, says Yahoo Finance's Jared Blikre, who breaks it down with Jen Rogers and Myles Udland.
It's do or die for stocks. Brian Shannon, CMT and founder of www.alphatrends.net joins Yahoo Finance's Jen Rogers and Myles Udland to break down the action in the SPDR S&P 500 ETF (SPY). Two time frames tell two different stories.