|Day's range||3,328.45 - 3,360.76|
|52-week range||2,722.27 - 3,393.52|
Check out these three high-yield tech stocks that dividend investors might want to buy now amid renewed coronavirus fears...
The S&P; 500 initially tried to rally during the week, but then broke down significantly. At this point, the market looks as if it may try to go reaching towards the uptrend line. Either way though, the market is still bullish.
The S&P; 500 pulled back a bit during the trading session on Friday as we continue to see a little bit of easing of bullish pressure. That makes sense though, considering that the weekend is coming and there are plenty of headline risks out there.
Based on the early price action, the direction of the March E-mini S&P; 500 Index the rest of the session on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 3339.50.
Wall Street continued to tumble Friday, with investors seen as hesitant to hold onto shares amid fears the new coronavirus outbreak in China could harm the global economy. More than 2,200 people have died from the disease in China, which has infected more than 75,000 people there and over 1,000 abroad. Countries have cut flights and shut borders with the world's second-largest economy, while some businesses have shuttered or slowed operations in China.
The Zacks Analyst Blog Highlights: Microsoft, Netflix, Adobe, International Business Machines and Apple
Expectations that spending on items ranging from hotels to clothing will continue to rise have helped make consumer discretionary stocks the most expensive sector in the S&P 500. The consumer discretionary sector now trades at a forward price to earnings ratio of 24.2, well ahead of the 23.7 forward valuation of the technology sector, according to Refinitiv data. High expectations will be tested in the coming week as companies ranging from Macy's Inc to Marriott International Inc to Caesar's Entertainment Corp report fourth quarter earnings, giving investors a broad look at where consumers are choosing to spend their money and if there are any signs of a slowdown due to the coronavirus, now known as COVID-19.
U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike in new coronavirus cases and data showing a stall in U.S. business activity in February fueled investors' fears about economic growth. Tech-related heavyweights Microsoft Corp , Amazon.com Inc and Apple Inc were the biggest drags on the S&P 500. The S&P technology index dropped 2.3%.
Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies. The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. New data showing manufacturing and business activity suddenly slowed this month stoked investors' anxiety over the outbreak’s impact on company profits.
Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.
The yield on the 30-year US Treasury hit a record low and Wall Street posted its first weekly drop in three on Friday as renewed fears about the economic fallout of the coronavirus and disappointing data stirred concerns about the outlook for the US economy. The yield on the US 30-year bond fell below 1.9 per cent for the first time, sinking as much as 7 basis points to a record low of 1.89 per cent on Friday morning, New York time. The yield on the US 10-year was trading at 1.4713 per cent at pixel time.