|Day's range||6,945.27 - 7,205.37|
|52-week range||6,630.67 - 8,133.30|
Trade has become the driving theme for investors, and with trade optimism fading and the market selling off in response, what investors saw last week could be a preview of things to come next year.
STOCKSTOWATCHTODAY BLOG 6:46 a.m. Stocks look set to pick up on Monday where they left off on Friday—with more selling. The good news is that the losses are, for the moment contained. S&P 500 futures have fallen 0.
Wall Street is looking to avoid its longest losing streak in a month, with US stock futures staging a comeback on Monday despite the preceding sell-off in global markets. — its worst since March — with a 2.3 per cent tumble on Friday that saw the index rejoin the Nasdaq Composite in correction territory, defined as a drop of 10 per cent from a peak, and experience a “death cross” — a sign of bearish momentum that occurs when the index’s 50-day moving average falls below its 200-day moving average.
Sunday's drop in futures comes after China summoned the U.S. ambassador to Beijing on Sunday to protest Huawei CFO Meng Wanzhou's detention. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government.
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth.
It’s the worst start to a December in a decade. The Dow Jones Industrial Average tumbled 2.2% to 24,388.95. The S&P 500 fell 2.3% to 2633.08, and the Nasdaq Composite plunged 3.1% to 6969.25.
Stocks dove again on Wall Street Friday, capping a turbulent week of trading that gave the benchmark S&P 500 index its worst weekly loss since March. Technology stocks led the broad sell-off, which erased ...
Two of the biggest tech companies, Apple and Google parent company Alphabet, are now down for the year as markets slid on Friday. The Nasdaq Composite Index slipped 3.1 percent Friday. Apple and Alphabet have recently faced heavy speculation.
No rest for a weary Wall Street. Stocks are getting crushed again. Plus, Apple is tumbles again as another bank gets bearish. It’s the call of the day. And, what does the jobs report mean for the Fed’s calculus and the markets? Plus, there’s more intrigue on the Huawei case that roiled markets this week. We have the latest. Catch The Final Round at 3:30 p.m. ET with Myles Udland and Seana Smith.
Conclusion: My point is this: When I hear people say they are happy to pay 12.5 times for Apple, you have to put that into context of WHEN Apple will start reaccelerating its growth to make that valuation is worth it. Buying too far ahead of an earnings/cyclical trough is very dangerous, UNLESS the price gives you some major cover by just getting too cheap to ignore. But beware that gulf before growth starts again. Time usually should be your guide.