A volatile area of the market may have been a harbinger of the stock market’s worst week in two years. Fundstrat Global Advisors’ Tom Lee acknowledges bitcoin’s crash two months ago could be seen as a signal stocks would plunge next. As the cryptocurrency weakened and investors bolted from risk-sensitive assets, “it could easily look […]
The stock market has gone from record-low volatility and a steady march upwards to turmoil and full-on correction territory in less than a week. What’s an investor to do? As a starting point, don’t get too caught up in trying to time the market, since it’s nearly impossible to accurately predict when the market will […]
Financial markets are braced for more volatility this week amid predictions from the world’s biggest hedge fund that a “big shakeout” is coming. The Australian stock market was the first to test the water and was down 0.7%, or 41 points to 5,797 points, on Monday morning. Banking, resources and consumer-focused stocks led the market […]
It’s time to pop a Maalox. Blame the plunging Dow. The blue-chip stock average is trying to make a habit of daily 1,000-point dives. This past week it briefly fell more than 10% from its January all-time high, a swift sell-off that has investors on edge. Wall Street pros say that such a drop, dubbed […]
The U.S. stock market witnessed a solid 2017, and the momentum continued into the first month of 2018. However, when the Dow tanked 1,175 points on Monday, its worst point decline in more than a decade, investors got a rude shock. Losses continued, with the Dow and the S&P 500 entering the correction territory on […]
Many retirement investors seek solid dividend stocks to buy for long-term income. But sometimes picking the best income stocks can be challenging, especially when the market makes scary moves like the near-2,000-point-drop in the Dow Jones Industrial Average this week. Events like this might have some investors worried about the future of their investments. When […]
On Thursday, the U.S. stock market fell into “correction” territory for the first time in two years. Signs of a tightening job market and rising interest rates appear to have sparked this crisis of confidence, as more investors are wondering whether stocks have become overvalued. However, some stocks were already quite cheap before the recent […]
US stock markets continued their wild ride on Friday, ending one of the most volatile weeks in trading since the financial crisis as international stock markets continued to fall, spooked by fears of more rapidly rising interest rates. The Dow Jones Industrial Average, which lost more than 1,000 points on Thursday, rose 30 points on […]
The Dow closed out a turbulent week with a 330-point rebound Friday but still suffered its biggest weekly loss since January 2016, a tumble highlighted by its first official correction in two years. In a week marked by a pair of 1,000-plus point drops, the two worst days in its 121-year history, the Dow Jones […]
As stock markets plunged again on Thursday, a tobacco stock and cereal company were among the few gainers. Kellogg closed 2.76 percent higher, while Philip Morris International gained 1.5 percent. Both stocks fall in the defensive category of equities, since consumers will still buy cigarettes and eat cereal regardless of economic conditions. The two stocks […]
A day after dropping more than 1,000 points, the Dow rebounded Friday to close up more than 300 points. But the index lost nearly 5 percent for the week as the markets focused on rising interest rates, inflation and ballooning government debt. After swinging up and down several times, the Dow Jones industrial average ended […]
Bitcoin’s ties to the performance of U.S. stocks appears to be increasing. On a 90-day basis, the correlation between the daily percent returns of the cryptocurrency and the S&P 500 is 33 percent, the highest since the cryptocurrency started gaining public attention in January 2016, according to Nick Colas, co-founder of DataTrek Research. The previous […]
