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  • Dow drops 200 points as Democrats talk Trump impeachment

    09/24/2019 10:09:26 AM PDT · by mplc51 · 59 replies
    CNBC ^ | 09/24/2019 | Fred Imbert
    Stocks traded lower on Tuesday, giving back earlier gains after House Speaker Nancy Pelosi said she will make an announcement on possibly impeaching President Donald Trump. The Dow Jones Industrial Average dropped 200 points, or 0.7% after gaining more than 100 points. The S&P 500 fell nearly 1% while the Nasdaq Composite pulled back 1.5%.
  • Dow Industrials Close at Record High

    07/03/2019 10:06:29 AM PDT · by abb · 54 replies
    The Dow Jones Industrial Average closed at a record on Wednesday, notching its fourth straight session of gains.
  • Nasdaq rings up a record to end the week after hotter-than-expected April jobs report

    05/03/2019 1:38:05 PM PDT · by abb · 36 replies
    Marketwatch.com ^ | May 3, 2019 | William Watts
    The Nasdaq on Friday closed at a record, and the S&P 500 narrowly missed its own, as investors bought stocks following an April employment report that came in hotter than expected, underscoring consistent labor-market strength. The Nasdaq Composite Index COMP advanced 127.22 points, or 1.6%, at 8,164, buoyed by gains in e-commerce giant Amazon.com Inc., which helped the technology-laden index to carve out a fresh all-time high and recover from a three-session stumble. The S&P 500 index climbed 28.12 points, or 1%, at 2,945.64, barely missing its own closing record at 2,845.83. All 11 S&P 500 sectors finished in positive...
  • Dow Jones Rallies 130 Points After a Boost from US-China Optimism

    This morning, Dow Jones Industrial Average Futures Trading predicted a gain of over 130 points for the index at market opening . The US stock markets have been buoyed by news that trade tariffs could be eased or even rolled back.
  • Dow surges 800 points after Powell comments, blowout jobs report

    01/04/2019 10:17:27 AM PST · by abb · 86 replies
    CNBC ^ | January 4, 2019 | Fred Imbert
    Stocks rallied on Friday after two positive pieces of news for the market. At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a...
  • Stocks continue wild trading in new year as Dow rebounds from near 400-point slide

    01/02/2019 1:07:20 PM PST · by abb · 20 replies
    CNBC ^ | January 2, 2019 | Fred Imbert & Sam Meredith
    U.S. stocks posted slight gains on Wednesday after a volatile session kicked off 2019. The Dow Jones Industrial Average closed 18 points higher after dropping nearly 400 points earlier in the day. The S&P 500 gained 0.1 percent while the Nasdaq Composite climbed 0.46 percent. At their lows of the day, the S&P 500 were both down more than 1 percent. “Finally, we’re starting to see this buy-the-dip mentality creep into the market,” said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. “It’s because of valuations and it’s because the underlying data has been pretty good so far, albeit a...
  • Dow turns positive, erases a 600-point drop

    12/27/2018 12:44:05 PM PST · by abb · 101 replies
    CNBC ^ | December 27, 2018 | Fred Imbert
    The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge. The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent. Earlier in the day, stocks fell amid renewed tensions between China and the United States.
  • Dow plunges 650 points in worst Christmas Eve trading session ever

    12/25/2018 8:59:36 PM PST · by socialism_stinX · 119 replies
    Fox Business ^ | 12/24/18 | Mike Obel
    U.S. stocks on Monday posted their worst Christmas Eve session ever, as a perfect storm of concerns drove investors to bail out of a market that was already badly bruised. The blue-chip Dow Jones Industrial Average had its steepest drop on Christmas Eve in its 122-year history. It also was the worst Christmas Eve for the tech-heavy Nasdaq Composite and the first time the broader S&P 500 ever had more than a 1 percent drop on Dec. 24. The loss for the S&P 500 put the index into bear market, where it joined the Nasdaq. If the markets had not...
  • Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes

    12/06/2018 6:50:27 PM PST · by E. Pluribus Unum · 29 replies
    CNBC ^ | WED, DEC 5 2018 • 6:36 PM EST | UPDATED 3 HOURS AGO | Christine Wang, Fred Imbert, Eustance Huang
    Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected. The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December. “What this week and a half shows is an extraordinary sensitivity to headlines, more so than usual,” said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management. “It’s been...
  • The sell-off started with a mysterious plunge overnight

    12/06/2018 10:26:51 AM PST · by BeauBo · 25 replies
    CNBC ^ | 6 Dec 2018 | Thomas Franck
    Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.
  • US markets plunge after arrest of Chinese tech executive

    12/06/2018 9:26:43 AM PST · by bitt · 39 replies
    The Hill ^ | 12/6/2018 | alexander bolton
    The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up. News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military. U.S. officials have requested her extradition, citing a suspected sanctions violation.
  • Tech's popular 'FAANG' stocks have lost more than $1 trillion and counting from highs amid tech rout

    11/20/2018 7:36:38 AM PST · by Red Badger · 33 replies
    CNBC ^ | 11/20/2018 | Michael Sheetz
    The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — all fell in Tuesday trading. The five "FAANG" stocks have collectively lost more than $1 trillion in market value from recent highs through Tuesday's early trading. The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — all fell again on Tuesday. Amazon, Apple and Netflix led the group's losses, each falling more than 3 percent. Combined market capitalization losses since their 52-week highs hit $1.02 trillion on Tuesday: Facebook: $253 billion Amazon: $280 billion Apple: $253 billion Netflix: $67 billion Alphabet: $164 billion The five tech...
  • Dow falls 500 points, dragged down by Apple

    11/19/2018 11:21:14 AM PST · by Red Badger · 119 replies
    CNN Business ^ | 11/19/2018 | By Paul R. La Monica, CNN Business
    New York (CNN Business)Stocks fell sharply Monday, dragged down by reports that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped. The Dow fell more than 500 points and the Nasdaq tumbled 2.8%. Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max. The new iPhones, which Apple unveiled in September, cost more than previous versions. The $749 iPhone XR is the least expensive new iPhone, but it costs $50 more than last year's cheapest...
  • U.S. Stocks Extend Slump as Pressure Intensifies on Tech

    11/20/2018 7:33:09 AM PST · by Red Badger · 40 replies
    WSJ ^ | Updated Nov. 20, 2018 10:21 a.m. ET | By David Hodari and Corrie Driebusch
    Stocks around the world tumbled Tuesday, putting major U.S. indexes at risk of closing below their October lows and wiping out yearly gains. What started as a technology company selloff bled into other corners of the market, as investors dumped shares of everything from retailers to oil-and-gas companies in favor of relatively safe assets such as bonds and reliable dividend payers like utility companies. The result: Some traders who stepped in to scoop up shares in late October, hoping for a quick rebound, are now in danger of losing those potential profits and more. That puts the stock market in...
  • Stocks wipe out early gains!

    11/14/2018 11:32:18 AM PST · by entropy12 · 42 replies
    Yahoo.Finance ^ | 11/14/2018 | Emily McCormick
    US equities fell Wednesday, turning around after opening higher.
  • The Dow jumps more than 250 points after Democrats take House, Republicans strengthen Senate...

    11/07/2018 7:53:29 AM PST · by Red Badger · 21 replies
    markets.businessinsider.com ^ | Nov. 7, 2018, 10:03 AM | Gina Heeb
    Stocks rose Wednesday following the 2018 midterm elections that shifted the balance of power in Washington, with Wall Street preparing for the possibility of legislative obstacles within a divided Congress. The Dow Jones Industrial Average jumped 1%, or more than 250 points, and the Nasdaq Composite rose 1.2%. The S&P 500 was up 1.1%. Democrats took control of the House early Wednesday morning, gaining more than 26 seats, while Republicans expanded their majority in the Senate. "In other words, certainty ruled the day," said Paul Eitelman, a strategist at Russell Investments. "Had the unlikelier scenario of a Democratic takeover of...
  • Dow tumbles 650 points to new low on day, bringing 2-day losses to more than 1,400 points

    10/11/2018 11:57:57 AM PDT · by BradtotheBone · 98 replies
    CNBC ^ | 10/11/2018 | Fred Imbert
    Stocks fell in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares. The Dow Jones Industrial Average traded 650 points lower, bringing its two-day losses to more than 1,400 points. The S&P 500 dropped 2.1 percent and was on pace for a six-day losing streak. The broad index also broke below its 200-day moving average for the first time since May. The Nasdaq Composite pulled back 1.5 percent and entered correction territory. The major indexes fell after some of the major tech names failed to recover from...
  • Trump attacks ‘loco’ US Federal Reserve after worst stock market sell-off in months

    10/11/2018 7:49:48 AM PDT · by SeekAndFind · 64 replies
    Yahoo News ^ | 10/11/2018 | Justin Sink
    Donald Trump hit out at the Federal Reserve on Wednesday, accusing them of “going loco” over interest rate hikes this year, hours after the worst US stock market sell-off since February. Mr Trump said in an interview on Fox News that the market plunge was not because of his trade conflict with China, instead blaming the US central bank. “That wasn’t it. The problem I have is with the Fed,” he said. “The Fed is going wild. They’re raising interest rates and it’s ridiculous. The Fed is going loco.” He added: “They’re so tight. I think the Fed has gone...
  • Dow futures point to a 300-point drop as stock market rout continues; tech shares fall in premarket

    10/11/2018 4:53:05 AM PDT · by E. Pluribus Unum · 34 replies
    CNBC ^ | October 11, 2018 | Fred Imbert | Alexandra Gibbs
    U.S. stock index futures tanked ahead of Thursday's open, as the global market rout continued to thrash stocks. Around 7 a.m. ET, Dow Jones Industrial Average futures sank 205 points, indicating a loss of about 300 points at the open. S&P 500 and Nasdaq 100 futures also pointed to sharp drops at the open. Tech shares were also headed for a steep decline after posting their worst day in seven years in the previous session. Facebook and Apple were both down more than 1 percent in the premarket, while Amazon and Netflix dropped at least 2 percent each. Twitter and...
  • Inflation Target Regrets

    10/10/2018 12:28:58 PM PDT · by george76 · 4 replies
    Townhall ^ | Oct 09, 2018 | Michael Pento
    For years central banks had been keeping rates near 0%, or below, and at the same time printing over a hundred billion dollars’ worth of fiat currencies each and every month to purchase bonds and stocks. That is all changing now. ... fourteen major global central banks are either in the process right now, or have indicated that they be will next year, in the process of raising interest rates. At the same time, QE on a global net basis will plunge from $180 billion per month at its peak during 2017, to $0 by December…and will then go negative...