First, the broad market shot to new all-time highs.
Then the trouble started…
Yesterday’s carnage was ominous. After two weeks of churning, stocks fell headfirst down a particularly steep staircase. Just a handful of names escaped without injury.
Here are the stats, courtesy of Bespoke Investment Group:
Just 2 Dow stocks finished the day in positive territory. Only 7 NASDAQ 100 stocks were up. And just 37 S&P 500 stocks squeaked out gains. That’s brutal…
Stocks have opened sharply higher for the second straight day. On Wednesday right after the opening bell rang in New York, the Dow was up 400 points, the S&P 500 was up 45 points, and the Nasdaq was up 130 points.
Good morning, dear ETMarkets Readers! Action speaks louder than words: Yes, Trump fears are all real! He has already showed it by abandoning the trans-Pacific partnership. But what Donald Trump believes to be 'fair trade', and not 'free trade', is likely to send jitters down the spine of markets the world over. Let’s check out what else might matter for Dalal Street on Tuesday. Cues from Singapore muted At 6.30 am, Nifty50 futures on the Singapore Stock Exchange were trading 17 points higher at 8,431, indicating a positive opening for the domestic market.
WASHINGTON – The United States economy likely expanded slightly in the fourth quarter, according to data on Friday that suggested a surprise drop in GDP reported by the government last week was overstated.
The U.S. trade deficit narrowed to its lowest point in nearly three years in December on a drop in oil imports and a surge in exports.
Trade data for December paint a reassuring and encouraging picture of the U.S. economy at the end of last year