We mentioned a week ago that the selling effort had taken on a self-sustaining life of its own. The more the bears sold, the scarier things got, causing more people to sell, inciting more exits… you get the idea. That reality continued to gel last week, although it had more help than most anyone is talking about. Friday was a...
Just when you think things can't get any worse for stocks, the get worse. Friday's 2.08% tumble for the S&P 500 topped off 7.0% loss for the index, and continued the losing streak to seven days. Stocks are now down 17.7% from their September high, though the NASDAQ is actually off by more than 20% from its peak. It looks,...
Just when you think things can't get any worse for stocks, the get worse. Friday's 2.08% tumble for the S&P 500 topped off 7.0% loss for the index, and continued the losing streak to seven days. Stocks are now down 17.7% from their September high, though the NASDAQ is actually off by more than 20% from its peak. It looks,...
By Tyler Bailey, CNBC The longest-running bull market of all time is on thin ice as the major indices sit in correction territory. The S&P, Dow and Nasdaq have all plunged more than 10 percent from their respective highs as trade skirmishes and the Fed have kept investors on edge. Four experts weigh in on whether this historic bull run...
By Tyler Bailey, CNBC The longest-running bull market of all time is on thin ice as the major indices sit in correction territory. The S&P, Dow and Nasdaq have all plunged more than 10 percent from their respective highs as trade skirmishes and the Fed have kept investors on edge. Four experts weigh in on whether this historic bull run...
By Mark DeCambre, MarketWatch Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus. Mnuchin during a Tuesday interview with Bloomberg News in Washington said that the effect of the financial-crisis-era...
By Mark DeCambre, MarketWatch Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus. Mnuchin during a Tuesday interview with Bloomberg News in Washington said that the effect of the financial-crisis-era...
The Fed failed to sound like it was ready to pull back from its tighter policy path as much as markets had expected. The Fed did hike interest rates but it did not remove language in its statement that would imply a slower path for rate hikes. Fed Chairman Jerome Powell also rattled markets by saying the Fed was satisfied...
The Fed failed to sound like it was ready to pull back from its tighter policy path as much as markets had expected. The Fed did hike interest rates but it did not remove language in its statement that would imply a slower path for rate hikes. Fed Chairman Jerome Powell also rattled markets by saying the Fed was satisfied...
By Keris Lahiff, CNBC High-momentum FANG stocks have been hammered for months. Facebook, Amazon, Netflix and Google parent Alphabet, the premium tech stocks that led markets to records earlier this year, have plummeted by double digits since October. If the market continues to pull back, one of those names could be setting up for an even bigger fall, said Todd...
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