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  • 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...
  • Dow plummets 600 points in worst drop since March

    10/10/2018 12:37:22 PM PDT · by BradtotheBone · 118 replies
    CNBC ^ | 10/10/2018 | Fred Imbert
    Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months. The Dow Jones Industrial Average traded more than 600 points lower as Intel and Microsoft fell more than 2.5 percent each. The Nasdaq Composite plummeted 3 percent. The S&P 500 dropped 2.5 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level....
  • Dow jumps more than 250 points after the US and Canada secure a deal to replace NAFTA

    10/01/2018 8:34:29 AM PDT · by Red Badger · 73 replies
    CNBC ^ | 10/01/2018 | Fred Imbert
    Stocks rose sharply on Monday as investors cheered news of Canada joining a trade deal with the United States and Mexico. The Dow Jones Industrial Average rose 264 points as American Express and Boeing outperformed. The S&P 500 gained 0.8 percent, led by 1 percent jumps in materials and industrials. The Nasdaq Composite advanced 0.7 percent as Amazon and Apple both climbed more than 1 percent. "The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," said Mike Bailey, director of research at FBB Capital Partners. Bailey noted, however, the market may...
  • Facebook Flops, CenturyLink Slides, Intel Drops as Dow Bounces Back

    09/26/2018 11:15:26 AM PDT · by Red Badger · 13 replies
    www.barrons.com ^ | Sept. 25, 2018 8:53 a.m. ET | By Ben Levisohn
    One, Not Done. Trade concerns scuttled the Dow’s rally on Monday, but stocks were trying to bounce back Tuesday as attention turns to the Federal Reserve and a likely rate increase on Wednesday. Michael Kors Holdings is buying Versace and changing its name, while Facebook is sliding following the departure of Instagram’s co-founders. We’ll be watching Nike,which reports earnings after the close. In today’s Morning Movers, we… •…ponder rising bond yields ahead of tomorrow’s Fed announcement; •…highlight Facebook’s drop after the departure of Instagram’s co-founders; •…and explain why CenturyLink is sliding. Yielding to Yields? Stocks are rising a bit this...
  • Stocks Jump Higher as Trump Escalates Trade War

    09/18/2018 3:42:47 PM PDT · by User900 · 6 replies
    Breitbart ^ | 18 Sep 2018 | John Carney
    The latest escalation in the trade war did not have the dire consequences many predicted for the stock market. Stocks rose Tuesday after the Trump administration announced new tariffs on $200 billion of Chinese goods and China promised to retaliate with tariffs on an additional $60 billion of U.S. goods.The Dow Jones Industrial Average rose 184 points, or 0.74 percent. The S&P 500 rose by half a percentage point. The Nasdaq Composite advanced eight-tenths of a percentage point.The rise in U.S. stocks was all the more notable because the new tariffs are scheduled to go into effect September 24, sooner...
  • This is the greatest fake bull market in history: David Stockman

    08/27/2018 2:29:11 PM PDT · by CaptainK · 95 replies
    www.foxbusiness.com ^ | 8/27/2018 | Neil Cavuto coast to coast
    Former Reagan Budget Director David Stockman on President Trump's trade policy, mounting government, debt, Federal Reserve policy and the outlook for stocks.
  • HAPPENING NOW: Stock Market Hits an ALL TIME HIGH Following Trump's Successful NAFTA Deal

    08/27/2018 1:35:39 PM PDT · by UMCRevMom@aol.com · 87 replies
    patriotbeat.com ^ | August 27, 2018 | CNBC
    Thank you, President Trump! The stock market is soaring, thanks to Trump’s announcement that the U.S. and Mexico have reached a trade deal! CNBC Stocks jumped on Monday as the United States and Mexico closed a new trade deal. Investors also digested reassuring comments from Federal Reserve Chair Jerome Powell on the central bank's policy-tightening path. The Dow Jones Industrial Average rose 260 points as Caterpillar outperformed. The Nasdaq Composite climbed 1 percent to an all-time high, breaking above 8,000 for the first time, as Facebook, Amazon, Netflix and Alphabet rose. The S&P 500 gained 0.8 percent to hit a...
  • US stocks keep climbing; technology companies lead

    08/07/2018 8:47:02 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Aug. 07, 2018 11:18 AM EDT | Marley Jay
    U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher. The S&P 500 index jumped 10 points, or 0.4 percent, to 2,860 as of 10 a.m. Eastern time. The Dow Jones Industrial Average gained 146 points, or 0.6 percent, to 25,648. The Nasdaq composite rose 26 points, or 0.3 percent, to 7,886. The Russell 2000 index of smaller-company stocks climbed...
  • Facebook plunges more than 24 percent on revenue miss and projected slowdown

    07/25/2018 3:01:20 PM PDT · by 11th_VA · 92 replies
    CNBC ^ | July 25, 2018
    Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 20 percent. At the current after hours prices and given its market cap at the close Wednesday, Facebook is poised to lose more than $123 billion in market value. Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate