Bullish sentiment extremes, overbought conditions leave equity markets vulnerable: analysts. The spread of China's coronavirus is providing stock-market investors with another reason for near-term caution as major U.S. equity benchmarks trade near all-time highs, analysts said, offering a potential trigger for a near-term pullback. "Conditions in the broad market are ripe for a pause as sentiment measures and overbought conditions are at extreme levels.
Different measures of stock-market valuation argue for different approaches to investing. January's stock-market rally has seen U.S. equities hit record highs time and again, leaving the major benchmarks at lofty altitudes. The Dow Jones Industrial Average has gained 2.2% so far in January, while the S&P 500 index has advanced 2.9% and the Nasdaq Composite index 4.8%, setting numerous record closes along the way.
Transportation stocks haven't hit a new high in 16 months, a potentially ominous sign for investors betting on a pickup in global growth. The Dow Jones Transportation Average-- which tracks the performance of 20 large U.S. airlines, truckers, railroads and shippers-- is still 4.4% below its record from Sept. 14, 2018. Over the same period, the Dow Jones Industrial Average has risen 11%, notching 31 closing highs along the way, according to Dow Jones Market Data. The transport stocks have...
By Avantika Chilkoti and Alexander Osipovich. U.S. stocks dropped Friday, ending the week lower, on worries the deadly coronavirus outbreak is spreading. The Dow Jones Industrial Average fell 170.36 points, or 0.6%, to 28989.73, declining below the 29000 level that it crossed for the first time earlier this month.
Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P 500 lost around 30 points, or 0.9%, to finish near 3,295. The Nasdaq Composite closed near 9,315, off around 88 points, or 0.9%. Analysts said stocks were vulnerable to a pullback as concerns rise about the potential effect of the viral outbreak...
* Intel (INTC) rises after strong forecast. * Officials confirm second U.S. case of coronavirus. * Investors eye Apple (AAPL), Facebook (FB), Amazon (AMZN) earnings next week. * Indexes drop: Dow 0.58%, S&P 0.90%, Nasdaq 0.93% By Stephen Culp.
By Avantika Chilkoti and Alexander Osipovich. U.S. stocks dropped Friday on worries the deadly coronavirus outbreak is spreading. All three major indexes ended the day and week lower.
Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500's biggest weekly decline in six months. The Dow Jones Industrial Average fell 170.36 points, or 0.58%, to 28,989.73, the S&P 500 lost 30.09 points, or 0.90%, to 3,295.45 and the Nasdaq Composite dropped 87.57 points, or 0.93%, to 9,314.91.
By Avantika Chilkoti and Alexander Osipovich. U.S. stocks dropped Friday on worries the deadly coronavirus outbreak is spreading. The Dow Jones Industrial Average fell 141 points, or 0.5%, in afternoon trading.
By Avantika Chilkoti and Alexander Osipovich. U.S. stocks tumbled Friday on worries the deadly coronavirus outbreak is spreading. The Dow Jones Industrial Average fell 260 points, or 0.9%, in afternoon trading.
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