All News Results

  • Stop saying the Dow is moving in and out of correction! That is not how stock-market moves work

    Corrections remain in place until a new high is made. The Dow Jones Industrial Average is in correction territory, a move that took effect on Feb. 8 when the blue-chip gauge closed 10.4% below its late-January high. Market technicians generally define a correction as a decline of 10% to up to 20% from a recent peak in an asset.

  • Investors need to brace for Yen100, currency strategist says

    The Japanese yen has rallied 7% against the U.S. dollar, from a high of almost Yen113 to just its lowest level since November 2016, when the buck shot up following the result of the U.S. presidential election. But the yen rally could be far from over, said Ashraf Laidi, head trader and strategist at InterMarket Strategy. For the past weeks, the dollar-yen pair has been trailing a 16- month low, inching lower steadily.

  • Dollar snaps winning streak as trade-war fears mount

    By Sara Sjolin, MarketWatch, Anneken Tappe. Dollar-yen marks new 16- month low. The U.S. dollar dropped against most major currencies on Friday, breaking a four-week winning streak and sliding to its lowest level against the yen since the 2016 U.S. presidential election in a flight to haven assets as trade tensions between the U.S. and China heightened.

  • Global benchmark index set to include China bonds for the first time

    China's inclusion would represent around 5.5% of the total index, or around $3 trillion, based on data from Jan. 31.. Bloomberg LP announced it would admit China into its benchmark Bloomberg Barclays Global Aggregate Bond index, representing the latest avenue open to foreign investors wanting to tap into the third-largest bond market in the world. Bloomberg will phase in the inclusion over a span of 20 months, starting from April 2019. Bloomberg said only bonds from Chinese...

  • Dow ends more than 400 points lower as trade worries mount

    Stocks extended losses into the closing bell Friday, ensuring a steep weekly decline for major indexes as investors shied away from equities amid rising worries over a potential global trade war. According to preliminary figures, the Dow industrials ended around 23,533.20, down 424.69 points, or 1.8%. The S&P 500 shed 2.1% to end around 2,588.26 and the Nasdaq Composite dropped 2.4% to 6,992.67.

  • Dow briefly breaks below February low in bearish sign, as stocks take a leg lower in afternoon trade

    The Dow Jones Industrial Average saw losses accelerate in Friday afternoon trade, pushing the blue-chip gauge beneath its lows of early February. The Dow was off about 28 points recently, or 0.1%, at 23,920, but was down as many as 123 points at 23,833.92. That nadir is below the benchmark's closing low at 23,860.46 hit on Feb. 8, when it officially entered correction territory, defined as a drop of at least 10% from a recent peak.

  • Dow regains footing above 24,000 as stock market tries to recover from Thursday's tariff induced rout

    U.S. stock benchmarks attempted to bounce back on Friday, a day after equities were routed after the Trump administration said it would impose tariffs on tens of billions of dollars of Chinese imports on top of duties on steel and aluminum imports, raising fears of a trade war. China's commerce ministry retaliated soon after by announcing it would levy tariffs against $3 billion of U.S. goods. The Dow Jones Industrial Average rose 130 points, or 0.6%, at 24,097 the S&P 500 index...

  • Nasdaq breaches a key trend line for the first time in 6 weeks in a bearish sign

    The Nasdaq Composite Index fell firmly below its 100= day moving average, as the stock market took a firmer turn lower in Friday afternoon trade. The technology-laden benchmark was recently down 1.5% at 7,060, which is well below its 100- day moving average at 7,083.35, according to FactSet data. A break below that level, which it hasn't breached since Feb. 9, is viewed as a bearish sign.

  • Dow closes at 2018 low as trade worries rise

    By Anora M. Gaudiano and Barbara Kollmeyer, MarketWatch. Major indexes see biggest weekly decline since January 2016. U.S. stocks ended sharply lower on Friday, with the main benchmarks recording their biggest weekly losses in more than two years as concerns over a potential trade war with China continued to worry investors.

  • 2-year Treasury yield posts largest weekly drop in more than a month

    Treasury yields were little changed in Friday trade, but were mostly lower for the week, after a swoon for global stocks on nagging worries about escalating trade tensions between China and the U.S. The yield on the 10- year Treasury note fell 0.5 basis point to 2.826%, extending a 2.2 basis-point decline this week, only a day after the benchmark security logged its largest single-session drop since Sept. 5, according to WSJ Market Data Group. The 30- year Treasury bond yield was up by...

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