Adam Shell USA TODAY Published 5:34 PM EDT Oct 29, 2018 Wall Street took investors on a wild ride Monday, with the Dow swinging more than 900 points before closing down for the day. The Standard & Poor's 500 also shifted violently but avoided ending in official "correction" territory. The latest sell-off was prompted by renewed tariff worries. The Dow Jones industrial average rose more than 350 points in morning trading before going into a free-fall that dragged it down 566 points from Friday's close. When trading ended, the blue-chip average was down 245 points, or 1 percent, at 24,443. The broad S&P 500, which was up as much as 2 percent and fell nearly 4 percent from its high point for the day, closed down 0.7 percent at 2641.25 – or 9.9 percent off its Sept. 20 high. That left the index just shy of the 10 percent drop needed for a correction. Stocks, which have been under pressure for weeks since the S&P 500 hit … [Read more...] about How did stock market do today? Wild day but S&P 500 avoids correction.
Day trading sp 500
No bull: More than two-thirds of the S&P 500's individual stocks are now either in a "correction" or a bear market. More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, according to a recent analysis from Reuters. Within that group around 180 stocks are now in bear market territory, with their shares having lost more than 20 percent of their value since hitting their 52-week high. A bear market is one where stock prices decline at least 20 percent from their recent peak. A correction is when shares drop at least 10 percent from their recent highs. Shares on Thursday opened higher, regaining some of the ground lost earlier this week. For some investors, the slump in S&P 500 companies' shares is a bright red flag. Their chief concern is that U.S. and global economic growth has hit its high-water mark for the current business cycle and is already starting to … [Read more...] about The hidden bear market: Most S&P 500 stocks are in “correction”
By Caroline ValetkevitchReuters October 24. 2018 8:48PM Traders work on the floor of the New York Stock Exchange in New York on Wednesday. (REUTERS/Brendan McDermid) NEW YORK — U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since Aug. 18, 2011.Chipmakers Texas Instruments and STMicroelectronics warned of slowing demand. They followed disappointing forecasts on Tuesday from Caterpillar and 3M.The forecasts gave investors further reason to pause and helped fuel the selling momentum, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Va.“Once a snowball like this starts, it doesn’t … [Read more...] about Nasdaq confirms correction while S&P 500 and Dow erase 2018 gains
Adam Shell USA TODAY Published 8:44 AM EDT Oct 19, 2018 The stock market’s long-term upward trend is in danger of giving way. The S&P 500 stock index on Thursday again briefly dipped below its average price over the past 200 days, a worrisome sign that suggests trouble for the 9-year-old bull market. In another sign of weakness following another day of steep losses on Wall Street, a group of transportation stocks tracked by Dow Jones fell 10 percent below its September high, pushing it into "correction" territory. While discussing the so-called "200-day moving average" and Dow Jones Transportation Average might seem like inside baseball, Wall Street pros stress that they offer important clues about the market's health. What does a dip below 200-day average tell us? It measures the trend of the market, and lets you know if the trend is up or down. "Closing below it ... can aid in (identifying) a change of character for stocks," says Todd … [Read more...] about stock market warning sign: S&P 500 dips below key price level
By Sinead Carew, Reuters NEW YORK — U.S. stocks tumbled on Wednesday, with the S & P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of the carnage as rising U.S. Treasury yields sent investors fleeing from risky assets. U.S. long-dated Treasury yields rose again in extension of a trend over the last few weeks fueled by solid U.S. economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. Investors also worried about the impact of trade tensions on corporate profits and Hurricane Michael’s landfall in Florida adding to the uncertainty. The Nasdaq registered its biggest daily drop since June 24, 2016, hurt by technology stocks which had their biggest one-day drop since August 2011. The S & P 500 ended the day down 3.3 percent, representing a 4.95 percent drop from its Sept. 20 record closing high. “It’s a bit of a blood bath today, clear risk-off action … [Read more...] about S&P 500 and the Dow mark their biggest daily declines since Feb. 8