|Day's range||2,714.98 - 2,754.60|
|52-week range||2,532.69 - 2,940.91|
About one-third of investors polled by Bank of America Merrill Lynch this month think the S&P 500 has peaked for this cycle, a sign that amid continued choppy markets investors are losing the faith.
U.S. Commerce Secretary Wilbur Ross talks with Yahoo Finance editor-in-chief at the latest All Markets Summit in Washington, D.C.
Amazon picked New York City and Northern Virginia for its two new headquarters, taking advantage of some of the most-extensive incentives U.S. cities and states have ever offered, totaling $5.5 billion—more than the $5 billion the company has promised to invest. U.S. oil prices sank deeper into a bear market, with West Texas Intermediate for December delivery settling 7.1% lower. The Dow finished the session down 0.4%, as oil’s slide scuttled a move by stock indexes to mount a rebound.
Oil prices were more stable on Wednesday in Asia but the previous session’s sharp fall on demand concerns weighed on energy stocks in the region while the pound climbed ahead of a cabinet meeting to agree the draft Brexit treaty. Falls for energy stocks were a uniting factor for Asia-Pacific equities on Wednesday following sharp 7 per cent falls for oil overnight, with Brent crude down just 0.1 per cent on the day at $65.39 a barrel. In Hong Kong, the Hang Seng index dipped 0.5 per cent, pulled lower by a 3.1 per cent fall for energy stocks as Chinese oil producers CNOOC and PetroChina were among the day’s worst performers, falling 4.5 per cent and 3.2 per cent respectively.
TOKYO (AP) — Asian shares were mostly lower Wednesday, after the steepest drop in in oil prices in more than three years put investors in a selling mood on Wall Street.
Oil prices were steadier in Asia after a plunge overnight on concerns about demand, while stocks were mostly lower across the region and the UK pound climbed ahead of a cabinet meeting to agree a draft Brexit treaty. The fall came after Opec trimmed its forecasts for world oil demand in 2019 and said non-Opec supply growth would outstrip demand. In Asia trading Brent crude was 0.1 per cent lower at $65.43 a barrel after falling 6.6 per cent to an eight-month low in the previous session.
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
In the latest trading session, Texas Instruments (TXN) closed at $94.48, marking a +1.08% move from the previous day.
The Dow Jones Industrial Average ended in the red for a second day this week. The Nasdaq Composite, however, managed to close up just a smidgen.
The seasonal rally that many are expecting may be delayed as the market tries to find a bottom, says closely followed trader Art Cashin.
Energy companies led a sell-off on Wall Street Tuesday that extended a losing streak for the S&P 500 index to a fourth day. The steepest fall in oil prices in more than three years weighed on energy stocks. ...
The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative territory. Energy stocks weighed heaviest on the S&P 500, driven lower by a 7.1 percent plunge in crude prices, their biggest percentage drop in 2-1/2 years.
The Dow Jones Industrial Average’s gain today, that is. Is oil’s tumble to blame, or is it the other way around? Consider: The S&P 500 fell 0.2% to 2,722.18, while the Dow Jones Industrial Average has dropped 100.69 points, or 0.4%, to 25,286.49.
Even as stocks were steadier Tuesday after Monday's sell-off, some charts still look dicey, and that could be a warning for the broader market.
Investors should buy materials companies like Nucor and Vulcan Materials if U.S. lawmakers move forward with any infrastructure plans, Sean Darby of Jefferies said in a note.
The oil market is undergoing a stunning reversal as crude futures wipe out this year's gains after hitting their highest levels since 2014 just six weeks ago.
October's miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year. Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since 2011.
Based on the early price action, the direction of the December E-mini S&P 500 Index into the close will be determined by trader reaction to the major 50% level at 2748.50.