NEW YORK (AP) – Meet the generation of investors who haven’t known a bear market. The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 – the classic definition of a bear market. Such a decline historically has happened on average every four or five years. That’s nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security’s finances weaken. Few analysts are predicting an imminent downturn for the S&P 500, which finished Tuesday within 0.8 percent of its record, but they’re much less confident about 2019 or beyond due to rising interest rates and other market … [Read more...] about Bull market is all many young investors know: What will they do when a downturn inevitably arrives?
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Steven Arons, Bloomberg Published 7:26 am PDT, Monday, July 16, 2018 Photo: Bloomberg Photo By Krisztian Bocsi. Image 1of/1 CaptionClose Image 1 of 1 Deutsche Bank CEO Christian Sewing speaking at the German lender's annual general meeting in Frankfurt, Germany, on May 24, 2018. Deutsche Bank CEO Christian Sewing speaking at the German lender's annual general meeting in Frankfurt, Germany, on May 24, 2018. Photo: Bloomberg Photo By Krisztian Bocsi. Deutsche Bank surprises with profit beat welcomed by investors 1 / 1 Back to Gallery Deutsche Bank surprised investors with second-quarter earnings that were higher than analysts had expected, driving one of Europe's worst-performing bank stocks up the most in more than two years. The Frankfurt-based bank sees net income of about 400 million euros ($468 million) … [Read more...] about Deutsche Bank surprises with profit beat welcomed by investors
Share Tweet Share Email Comments Print NEW YORK — U.S. stock indexes are slightly higher Friday as energy companies rise with oil prices. Industrial companies and household goods makers are also higher. Banks are slipping as investors aren’t finding much to get excited about in second-quarter reports from JPMorgan Chase, Citigroup and Wells Fargo. AT&T is falling after the Department of Justice asked a court to overturn its purchase of Time Warner. The S&P 500 index was up 3 points, or 0.1 percent, to 2,801 as of 2:15 p.m. Eastern time. It had fallen as much as 6 points in early trading, then rose as much as 6 points before giving up about half of that gain. The Dow Jones Industrial Average added 106 points, or 0.4 percent, to 25,031. The Nasdaq composite gave up an early gain and fell 2 points to 7,821 after it closed at a record high on Thursday. The Russell 2000 index of smaller-company stocks fell 1 point, or 0.1 percent, to 1,689. Major … [Read more...] about Stocks shuffle toward another weekly gain as oil prices rise
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Share Tweet Share Email Comments Print NEW YORK — Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Smaller companies less focused on overseas trade fared better, as did dividend-paying stocks. The Dow Jones industrial average fell for the sixth day in a row and lost 287.26 points, or 1.1 percent, to 24,700.21. The S&P 500 index gave up 11.18 points, or 0.4 percent, to 2,762.57. The Nasdaq composite fell 21.44 points, or 0.3 percent, to 7,725.59. International markets suffered steeper losses. Hong Kong’s Hang Seng index sank 2.8 percent, its biggest decline since February, and Germany’s DAX lost 1.2 percent. Oil and copper fell. Both are commodities that would be susceptible if a trade dispute caused a slowdown in global economic growth. Cautious investors moved money into bonds. THE BLADE Enlarge | Buy This Image RELATED: Searchable stock index … [Read more...] about Dow posts 6th loss in row on trade spat; small cos. rally