It sounds incredible, given Tuesday's, Thursday's, and Friday's action, but stocks managed to hammer out a gain last week thanks to huge bullishness on Monday and Wednesday. It was a tiny, erratic gain, but the gain and the market's disposition late Friday — the most important hours of the week — indicates traders know there's something insincere or questionable about...
– Boeing hit a new 52-week low on Friday. Support is nearby, but there's no guarantee it will hold for the stock. – By Bret Kenwell, TheStreet.com It's been a tough week for Boeing (BA). Shares were hammered on Thursday, falling 8%. On Friday, the stock gapped down in early trading but has since pared those losses and was down...
– Boeing hit a new 52-week low on Friday. Support is nearby, but there's no guarantee it will hold for the stock. – By Bret Kenwell, TheStreet.com It's been a tough week for Boeing (BA). Shares were hammered on Thursday, falling 8%. On Friday, the stock gapped down in early trading but has since pared those losses and was down...
By Fred Imbert, CNBC The market’s swift decline from record highs sparked by the coronavirus outbreak has left investors wondering when the bleeding will stop. On Feb. 19, the S&P 500 hit an all-time high. Just a week later, the broad market average traded in a correction — down more than 10% from those levels. It was the fastest drop...
By Fred Imbert, CNBC The market’s swift decline from record highs sparked by the coronavirus outbreak has left investors wondering when the bleeding will stop. On Feb. 19, the S&P 500 hit an all-time high. Just a week later, the broad market average traded in a correction — down more than 10% from those levels. It was the fastest drop...
The end of February was brutal for traders that were not prepared for the breakdown in the US stock markets. The breakdown in price actually started on February 20th and 21st. Most traders didn’t pay attention to these minor downside price rotations in the Technology sector (NQ) and the Financial sector. The early downside price rotations in key sectors gave...
The end of February was brutal for traders that were not prepared for the breakdown in the US stock markets. The breakdown in price actually started on February 20th and 21st. Most traders didn’t pay attention to these minor downside price rotations in the Technology sector (NQ) and the Financial sector. The early downside price rotations in key sectors gave...
That. Was. Crazy. Even with Friday's partial rebound effort, last week was the worst week for stocks since 2008, when the fallout from the subprime mortgage crisis was in full swing. All told, the S&P 500 ended last week down 11.2%. From the previous week's peak to last week's low, the S&P 500 has been down as much as 15.7%....
That. Was. Crazy. Even with Friday's partial rebound effort, last week was the worst week for stocks since 2008, when the fallout from the subprime mortgage crisis was in full swing. All told, the S&P 500 ended last week down 11.2%. From the previous week's peak to last week's low, the S&P 500 has been down as much as 15.7%....
Traders should never assume anything, but that's especially true right now. Last week's meltdown was for all intents and purposes unheard of, and stocks were vulnerable to be sure. But, unlike most knee-jerk selloffs, this one was actually somewhat rationalized. If the coronavirus does indeed turn into a full-blown global contagion, the economy could be up-ended and stocks could be...
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