|Day's range||24,033.79 - 24,431.14|
|52-week range||23,344.52 - 26,951.81|
Federated Investors' Steve Chiavarone believes there's nothing on the horizon that suggests a recession will hit U.S. stocks.
Investing.com – The Dow closed lower for the second-straight week on Friday, as fears over slowing global growth triggered a steep selloff across stocks on Wall Street.
The stock market slumped on Friday as positive headlines about trade weren’t enough to offset negative economic news.
Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the health of the global economy. Mounting tensions in Europe over Britain's impeding ...
US stocks sold off to close the week down sharply on Friday, with fears of slowing global growth pushing all three major Wall Street indices down about two percent. Sparked by weaker-than-expected Chinese economic data, the slump left the indices more than 10 percent below their most recent peaks. The broader S&P 500 fell 1.9 percent to end at 2,599.95, down 1.3 percent for the week, while the tech-heavy Nasdaq sank the furthest, losing 2.3 percent to finish at 6,910.66.
Four experts weigh in on how to play the markets now that the Dow and S&P 500 are back in correction territory
US stocks dove further into the red on Friday afternoon as a sell-off sparked by fears over global growth gathered pace due to lackluster Chinese economic data. Shares of US drug maker Johnson & Johnson also dropped sharply following a report the company knowingly sold talc-based powder containing the carcinogen asbestos. All three major indices are now down more than 10 percent from their most recent peaks.
On December 6–13, US equity indexes had the following correlations with US crude oil January futures: the S&P Mid-Cap 400 (IVOO): -51.5% the S&P 500 (SPY): -49.7% the Dow Jones Industrial Average (DIA): -43.3%
Disappointing economic data in China and Europe have added to concerns about a growing slowdown and helped sink the market today.
The S&P 500 fell 27 points or 1% as of 9:30 AM ET (14:30 GMT), while the Dow decreased 189 points, or 0.7%, and the tech-heavy Nasdaq Composite slipped 88 points, or 1.2%.
The Great Recession occurred 10 years ago, but its psychological effects linger. That’s making investors more worried than they should be about a downturn in the market, says Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors.
On December 14, China reported the November industrial output growth at 5.4% on a year-over-year basis—the lowest growth since early 2016. The industrial output growth was below the expectation. China’s retail sales growth rate was also at a multiyear low. China was the second-largest oil consumer in the world. Any slowdown in China’s economy would be a negative development for crude oil prices. At 7:43 AM EST, US crude oil prices have lost $0.34 from the last closing level.
There could be a lot more pain for the stock market if Leuthold's Doug Ramsey's historical valuation comparison becomes a reality.
Based on the early price action, the direction of the December E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 24257. Basically, look for an upside bias to develop on a sustained move over 24369 and for a downside bias to develop on a sustained move under 24257.
U.S. stock futures fell as European Central Bank chief Mario Draghi said Thursday that risks are moving to the downside, while China disclosed disappointing economic data on Friday, underscoring that Draghi may have reason for concern.
World stock markets slipped Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. European indexes were also weighed ...
STOCKSTOWATCHTODAY BLOG 6:27 a.m. The Dow Jones Industrial Average looks set to end the week with a big drop after Chinese economic data appeared to confirm the markets suspicions about weaker global growth.
Wall Street gave up the ghost on Friday as concerns about the global growth outlook triggered a fall of about 2 per cent across the broader market and saw the Dow Jones Industrial Average join other US benchmarks in correction territory. US stocks latched on to a negative lead from Asian and European markets after a soft batch of data from China stirred concerns the growth outlook there is being impinged by Washington’s trade war with Beijing. The blue-chip Dow Jones closed 2 per cent lower on Friday and with a 1.2 per cent drop for the week.
The Dow Jones Industrial Average joined Wall Street’s other main gauges in correction territory as declines topped 2 per cent in afternoon trade on Friday. Telecommunications services, up 0.3 per cent, was the only sector in the black, with utilities next best and down 0.4 per cent, showing a preference among investors for defensive names.
Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown.
Wall Street was more than 1 per cent lower during morning trade on Friday, taking its cue from global markets that had been unnerved by concerns about the outlook for Chinese economic growth. That had ...
Wall Street is poised to join European and Asian bourses lower on Friday after a batch of weaker-than-expected economic data from China set off fresh concerns about the growth outlook for the world’s second-largest economy. The declines come after data showed China’s retail sales grew at the slowest pace in 15 years in November and factory output rose by the least in nearly three years.
Investing.com - The Dow closed higher Thursday, despite giving up most of its gains, as optimism over U.S.-China trade faded and weakness in financials weighed.
An upgrade pushed the conglomerate’s stock higher, while the Dow Jones Industrial Average rose 0.3% to close at 24,597.38. The Nasdaq Composite slipped 0.4%, ending at 7070.33.