Dow set to fall 100 points as chip makers drag down tech

U.S. stock index futures indicated a lower open Friday a decline in semiconductor stocks pressured the overall technology sector. ET, Dow Jones Industrial Average futures were down 131 points, indicating a lower open of 112.27 points. Nasdaq 100 and S&P 500 futures also pointed to lower opening trades. The VanEck Vectors Semiconductor ETF (SMH) fell 3.4 percent in the premarket after Nvidia reported weaker-than-expected revenue for its previous quarter. The weakness in chip stocks dragged the te


U.S. stock index futures indicated a lower open Friday a decline in semiconductor stocks pressured the overall technology sector. ET, Dow Jones Industrial Average futures were down 131 points, indicating a lower open of 112.27 points. Nasdaq 100 and S&P 500 futures also pointed to lower opening trades. The VanEck Vectors Semiconductor ETF (SMH) fell 3.4 percent in the premarket after Nvidia reported weaker-than-expected revenue for its previous quarter. The weakness in chip stocks dragged the te
Dow set to fall 100 points as chip makers drag down tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: fred imbert, spriha srivastava
Keywords: news, cnbc, companies, lower, uk, et, drag, technology, makers, dow, points, futures, semiconductor, fall, previous, stock, tech, chip, set, sector, stocks, 100


Dow set to fall 100 points as chip makers drag down tech

U.S. stock index futures indicated a lower open Friday a decline in semiconductor stocks pressured the overall technology sector.

At around 7:20 a.m. ET, Dow Jones Industrial Average futures were down 131 points, indicating a lower open of 112.27 points. Nasdaq 100 and S&P 500 futures also pointed to lower opening trades.

The VanEck Vectors Semiconductor ETF (SMH) fell 3.4 percent in the premarket after Nvidia reported weaker-than-expected revenue for its previous quarter. The company also posted disappointing guidance, sending the stock down nearly 18 percent before the bell.

The weakness in chip stocks dragged the technology sector, with the Technology Select Sector ETF (XLK) falling 1.1 percent in the premarket.

investors also fretted over political developments overseas amid heightened fears the U.K. could soon crash out of the European Union without a divorce deal. The British pound suffered its biggest one-day loss against the euro since October 2016 on Thursday, as a flurry of resignations rocked the government of U.K. Prime Minister Theresa May.

In the previous session, major stock indexes snapped multi-day losing streaks as J.P. Morgan Chase led banks higher and iPhone maker Apple rebounded after dipping into bear market territory earlier this week.

A number of economic data are expected on Friday. Industrial production numbers are expected to be released at 9:15 a.m. ET, followed by a Quarterly Services Report at 10 a.m. ET, a Kansas City Fed Manufacturing Index at 11 a.m. ET and the Baker-Hughes Rig Count at 1:00 p.m. ET.

At 11:30 a.m. ET, Chicago Federal Reserve Bank President Charles Evans is due to speak about current economic conditions and monetary policy at a roundtable in Chicago.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: fred imbert, spriha srivastava
Keywords: news, cnbc, companies, lower, uk, et, drag, technology, makers, dow, points, futures, semiconductor, fall, previous, stock, tech, chip, set, sector, stocks, 100


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Dow set to inch lower despite better-than-expected Walmart, Cisco earnings

U.S. stock index futures pointed to a slightly lower open Thursday morning despite better-than-expected earnings results from Walmart and Cisco. ET, Dow futures were up 16 points, implying a lower open of 9 points. A number of strong corporate earnings results buoyed U.S. equities Thursday morning as better-than-expected profit at both Cisco and Walmart lifted market sentiment. Cisco shares rallied 4.5 percent before the bell after the tech giant beat on both the top and bottom lines for the fir


U.S. stock index futures pointed to a slightly lower open Thursday morning despite better-than-expected earnings results from Walmart and Cisco. ET, Dow futures were up 16 points, implying a lower open of 9 points. A number of strong corporate earnings results buoyed U.S. equities Thursday morning as better-than-expected profit at both Cisco and Walmart lifted market sentiment. Cisco shares rallied 4.5 percent before the bell after the tech giant beat on both the top and bottom lines for the fir
Dow set to inch lower despite better-than-expected Walmart, Cisco earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: thomas franck, pradeep gaur, mint, getty images
Keywords: news, cnbc, companies, results, futures, open, dow, points, lower, inch, betterthanexpected, despite, set, tariffs, impact, cisco, morning, walmart, earnings


Dow set to inch lower despite better-than-expected Walmart, Cisco earnings

U.S. stock index futures pointed to a slightly lower open Thursday morning despite better-than-expected earnings results from Walmart and Cisco.

At around 8:40 a.m. ET, Dow futures were up 16 points, implying a lower open of 9 points. Nasdaq and S&P 500 futures were pointing to a mixed open.

A number of strong corporate earnings results buoyed U.S. equities Thursday morning as better-than-expected profit at both Cisco and Walmart lifted market sentiment.

Cisco shares rallied 4.5 percent before the bell after the tech giant beat on both the top and bottom lines for the first fiscal quarter. The San Jose, California-based Cisco reported revenue rose 7.7 percent as it takes action to mitigate the impact any future impact from the Trump administration’s trade dispute with China.

So far, it remains one of a handful of technology companies that has not seen headwinds as a result of tariffs between the two economic powerhouses, according to CEO Chuck Robbins.

“I can just tell you personally, I haven’t had one conversation with any customer around the tariffs at this point,” Robbins said during the company’s earnings call. “Secondly, I think that once we got past the midterms, we’ve begun to hear some positive, at least, headlines relative to the discussions, and I remain fairly optimistic that this has become a top priority for the administration, and we’re hopeful that they’ll come to some agreement before we move to anything more significant.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: thomas franck, pradeep gaur, mint, getty images
Keywords: news, cnbc, companies, results, futures, open, dow, points, lower, inch, betterthanexpected, despite, set, tariffs, impact, cisco, morning, walmart, earnings


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US bond yields tick lower amid sterling plunge

Front-month Brent crude oil futures were trading at $66.42 per barrel on Thursday morning, down 30 cents, or 0.4 percent, from their last close. Sterling plunged by over 1 percent against the dollar Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post. ET, weekly jobless claims numbers are expected, followed by retail sales and a Philly Fed manufacturing survey at the same time. Investors will also be watching a speech by Federal Reserve Chairman Jerome Powell at 11 a


Front-month Brent crude oil futures were trading at $66.42 per barrel on Thursday morning, down 30 cents, or 0.4 percent, from their last close. Sterling plunged by over 1 percent against the dollar Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post. ET, weekly jobless claims numbers are expected, followed by retail sales and a Philly Fed manufacturing survey at the same time. Investors will also be watching a speech by Federal Reserve Chairman Jerome Powell at 11 a
US bond yields tick lower amid sterling plunge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: spriha srivastava
Keywords: news, cnbc, companies, futures, texas, lower, oil, bond, reserve, sterling, plunge, expected, amid, morning, followed, yields, uk, federal, tick, et


US bond yields tick lower amid sterling plunge

Concerns over an oversupply in oil markets continues to dominate the market. On Thursday, oil prices slipped amid fears of rising supply and slow consumption. Front-month Brent crude oil futures were trading at $66.42 per barrel on Thursday morning, down 30 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.29 a barrel.

Sterling plunged by over 1 percent against the dollar Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post. This piles yet more pressure on U.K. Prime Minister Theresa May as she tries to get her draft Brexit agreement through Parliament.

Meanwhile, U.S. investors will be keeping a close watch on a slew of economic data expected on Thursday. At 8:30 a.m. ET, weekly jobless claims numbers are expected, followed by retail sales and a Philly Fed manufacturing survey at the same time.

Investors will also be watching a speech by Federal Reserve Chairman Jerome Powell at 11 a.m. ET in Texas, followed by Minneapolis Federal Reserve Bank President Neel Kashkari at 3 p.m. ET.

The U.S. Treasury will also be auctioning a three-month and a six-month bill.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: spriha srivastava
Keywords: news, cnbc, companies, futures, texas, lower, oil, bond, reserve, sterling, plunge, expected, amid, morning, followed, yields, uk, federal, tick, et


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Charts show oil just suffered a ‘severe setback,’ signals lower prices

Wall Street technician Louise Yamada sees more pain coming to the oil markets. She based her forecast on two oil charts that show U.S. crude is trapped in a downward cycle. Yamada, who runs Louise Yamada Technical Research Advisors, expects a more structural decline to take place. West Texas Intermediate (WTI) crude gained 21 cents on Thursday to close at $56.46 a barrel. Due to the severity of the oil decline, Yamada isn’t eliminating the chance of a near-term bounce to the $59 to $60 a barrel.


Wall Street technician Louise Yamada sees more pain coming to the oil markets. She based her forecast on two oil charts that show U.S. crude is trapped in a downward cycle. Yamada, who runs Louise Yamada Technical Research Advisors, expects a more structural decline to take place. West Texas Intermediate (WTI) crude gained 21 cents on Thursday to close at $56.46 a barrel. Due to the severity of the oil decline, Yamada isn’t eliminating the chance of a near-term bounce to the $59 to $60 a barrel.
Charts show oil just suffered a ‘severe setback,’ signals lower prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: stephanie landsman, mathew lloyd, bloomberg, getty images, michael nagle, dario pignatelli, andrew harrer, david a grogan
Keywords: news, cnbc, companies, crude, severe, signals, wti, days, charts, yamada, expects, lower, louise, oil, prices, barrel, setback, suffered, weeks, decline


Charts show oil just suffered a 'severe setback,' signals lower prices

Wall Street technician Louise Yamada sees more pain coming to the oil markets.

She based her forecast on two oil charts that show U.S. crude is trapped in a downward cycle.

“We’ve seen the completion of the target from a head and shoulders bottom back in 2015-2016. It went directly up to $78-$79 [a barrel],” she said Thursday on CNBC’s “Futures Now.” “This has been a severe setback. We were looking for a weakness towards the trend. It’s actually broken the trend.”

Yamada, who runs Louise Yamada Technical Research Advisors, expects a more structural decline to take place.

“The weekly momentum has been declining for half the year, suggesting that the rally was weakening. And, now we’re at the point where the monthly is just kissing for a sell signal,” she noted.

West Texas Intermediate (WTI) crude gained 21 cents on Thursday to close at $56.46 a barrel. The commodity, which is in bear territory, is off 21 percent over the past four weeks. She expects the $52 to $53 could act as a temporary support level for crude.

“It’s difficult to say whether it will be days or weeks,” she said. “This whole equity market has been doing more on the downside than many people expected. We’ve been cautious for quite a while.”

On Wednesday, WTI snapped its longest losing streak ever, down 12 days in a row. Due to the severity of the oil decline, Yamada isn’t eliminating the chance of a near-term bounce to the $59 to $60 a barrel. However, she’s convinced there’s a low probability it’ll stick, referring to how crude has traded since its all-time high of $145 a barrel hit back in July 2008.

“[It’s a] very interesting confluence of resistance levels that suggest it might be over for the upside for some time to come,” Yamada said.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: stephanie landsman, mathew lloyd, bloomberg, getty images, michael nagle, dario pignatelli, andrew harrer, david a grogan
Keywords: news, cnbc, companies, crude, severe, signals, wti, days, charts, yamada, expects, lower, louise, oil, prices, barrel, setback, suffered, weeks, decline


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Asian stocks mostly in negative territory as oil prices slip further

Stocks in Asia were trading in largely negative territory in the morning as oil prices staged a partial recovery. The moves in China came after the country’s industrial output for October came in at 5.9 percent higher than a year ago, above expectations from a Reuters poll. Fixed asset investment for October also came in above expectations at 5.7 percent higher as compared to a year ago. The energy subindex declined by more than 3 percent amid a slump in oil prices and the heavily-weighted finan


Stocks in Asia were trading in largely negative territory in the morning as oil prices staged a partial recovery. The moves in China came after the country’s industrial output for October came in at 5.9 percent higher than a year ago, above expectations from a Reuters poll. Fixed asset investment for October also came in above expectations at 5.7 percent higher as compared to a year ago. The energy subindex declined by more than 3 percent amid a slump in oil prices and the heavily-weighted finan
Asian stocks mostly in negative territory as oil prices slip further Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: eustance huang
Keywords: news, cnbc, companies, negative, territory, asian, prices, lower, trade, slip, oil, expectations, trading, subindex, came, china, stocks, higher


Asian stocks mostly in negative territory as oil prices slip further

Stocks in Asia were trading in largely negative territory in the morning as oil prices staged a partial recovery.

In the Greater China region, Hong Kong’s Hang Seng index fell 0.5 percent.

The mainland China markets, which are being closely watched by investors because of the ongoing trade war between Washington and Beijing, were lower in the early hours of trade. The Shanghai composite declined more than 0.4 percent while the Shenzhen composite was lower by 0.2 percent.

The moves in China came after the country’s industrial output for October came in at 5.9 percent higher than a year ago, above expectations from a Reuters poll. Fixed asset investment for October also came in above expectations at 5.7 percent higher as compared to a year ago. Retail sales in October, however, came in below expectations at 8.6 percent higher year-on-year.

In Australia, the ASX 200 slipped more than 1 percent in afternoon trade. The energy subindex declined by more than 3 percent amid a slump in oil prices and the heavily-weighted financial subindex was lower by 1.24 percent.

Meanwhile, South Korea’s Kospi was also lower by 0.5 percent.

Japanese stocks were trading near flat, with the Nikkei 225 at 21,784.17 in the morning while the Topix index was marginally higher at 1,638.56.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: eustance huang
Keywords: news, cnbc, companies, negative, territory, asian, prices, lower, trade, slip, oil, expectations, trading, subindex, came, china, stocks, higher


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Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates

That may be part of why potential buyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. “Both home purchase and mortgage refinance applications decreased over the week, driven largely by declines in conventional applications.” While tight supply of homes fo


That may be part of why potential buyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. “Both home purchase and mortgage refinance applications decreased over the week, driven largely by declines in conventional applications.” While tight supply of homes fo
Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: diana olick, mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, rising, interest, week, drop, compared, purchase, applications, volume, weekly, tanking, rate, 32, rates, lower, hit, stocks, mortgage, refinance


Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates

Buying a home is generally a person’s single largest investment, and it is therefore an incredibly emotional decision. That may be part of why potential buyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market.

Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 22 percent lower compared with the same week one year ago.

“Recent volatility in the financial markets and increasing rates continue to adversely impact mortgage application activity, even as the general economic outlook remains positive,” said Joel Kan, an MBA economist. “Both home purchase and mortgage refinance applications decreased over the week, driven largely by declines in conventional applications.”

Mortgage applications to purchase a home fell 2.3 percent for the week to the lowest level since February 2017. Purchase volume was 3 percent lower compared with a year ago. While tight supply of homes for sale had been plaguing buyers for much of this year, listings are increasing, but so are prices and interest rates, weakening affordability.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 5.17 percent from 5.15 percent, with points increasing to 0.55 from 0.51 (including the origination fee) for loans with 20 percent down payments. That is the highest level since 2010.

Applications to refinance a home loan, which are highly rate sensitive, fell 4.3 percent for the week and were 40 percent lower compared with a year ago — the lowest level in nearly 18 years. While homeowners now have more collective home equity than they ever have in history, thanks to higher home values, fewer are willing to tap that equity through a refinance, because it would require giving up their rock-bottom interest rate. Since rates sat so low for so long, there is a shrinking pool of borrowers who could now benefit from a refinance, cash-out or not.

Mortgage rates have not moved so far this week, as the bond market, which rates follow, was closed Monday for the Veteran’s Day holiday. New economic data Wednesday on inflation and consumer prices could change that.

“If inflation comes in much stronger than expected, it should put noticeable upward pressure on rates,” said Matthew Graham, chief operating officer of Mortgage News Daily. “Conversely, weaker inflation could help the recent trend of improvement continue, unless the stock market is staging a huge comeback for an unrelated reason.”


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: diana olick, mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, rising, interest, week, drop, compared, purchase, applications, volume, weekly, tanking, rate, 32, rates, lower, hit, stocks, mortgage, refinance


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Snap is ‘so beaten down’ that the stock may have bottomed out, says investor Andrew Left

Following the news that Snap has been subpoenaed by the Securities and Exchange Commission and U.S. Justice Department for allegedly misleading investors in its IPO, short-seller Andrew Left was bullish on Snap stock, saying he was surprised shares didn’t dip lower on the news. It’s so beaten down, you have a high short interest,” Left said on CNBC’s Halftime Report. “Look at the negative news that came out on Snapchat today and it should be trading much lower, right? But Left warned investors n


Following the news that Snap has been subpoenaed by the Securities and Exchange Commission and U.S. Justice Department for allegedly misleading investors in its IPO, short-seller Andrew Left was bullish on Snap stock, saying he was surprised shares didn’t dip lower on the news. It’s so beaten down, you have a high short interest,” Left said on CNBC’s Halftime Report. “Look at the negative news that came out on Snapchat today and it should be trading much lower, right? But Left warned investors n
Snap is ‘so beaten down’ that the stock may have bottomed out, says investor Andrew Left Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, adam jeffery
Keywords: news, cnbc, companies, right, bottomed, left, snapchat, negative, investors, andrew, investor, stock, snap, beaten, saying, lower, trading


Snap is 'so beaten down' that the stock may have bottomed out, says investor Andrew Left

Following the news that Snap has been subpoenaed by the Securities and Exchange Commission and U.S. Justice Department for allegedly misleading investors in its IPO, short-seller Andrew Left was bullish on Snap stock, saying he was surprised shares didn’t dip lower on the news.

“I own Snap. It’s so beaten down, you have a high short interest,” Left said on CNBC’s Halftime Report. “Look at the negative news that came out on Snapchat today and it should be trading much lower, right? What more negative can you get right now on Snapchat?”

Shares of Snap were down more than 3.4 percent at Wednesday’s close, and down more than 70 percent from the close of the company’s first day of trading in March 2017. But Left warned investors not to turn away from the stock just yet.

“If you have kids that use Snapchat you’ll know how much they actually do use Snapchat. And you still can’t say it’s dead,” Left said. “There’s 180 million people out there, young ones, who are using Snapchat.”

He said he hopes CEO Evan Spiegel will open up to partnerships and an eventual sale, saying he thinks buying Snap would be “a no-brainer purchase for Amazon.”

“The crazy part about it, with Snapchat, it’s always been an issue, ‘would he sell the company?’ Not, ‘could they find a buyer for the company?” Left said.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, adam jeffery
Keywords: news, cnbc, companies, right, bottomed, left, snapchat, negative, investors, andrew, investor, stock, snap, beaten, saying, lower, trading


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Dow falls 170 points as market struggles to rebound from Monday’s 600-point drop

The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors. Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest s


The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors. Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest s
Dow falls 170 points as market struggles to rebound from Monday’s 600-point drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, lumentum, apple, mondays, points, 600point, falls, shares, dow, lower, drop, struggles, market, sales, fell, 170, session, tech, rebound


Dow falls 170 points as market struggles to rebound from Monday's 600-point drop

The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. The S&P 500 traded 0.1 percent lower, erasing earlier gains.

The Dow’s declines were led by Home Depot, which fell despite reporting stronger-than-expected earnings, and Apple. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors.

Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Apple’s stock declined after Lumentum Holdings, one of its key suppliers, cut its outlook. Lumentum CEO Alan Lowe said in a statement one of its largest customers asked the company for a “material” reduction of shipments for its products.

This led to Goldman Sachs cutting its iPhone sales estimates and to J.P. Morgan downgrading Lumentum’s stock.

Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research, said tech may not be out of the woods yet. “I’m not convinced this tech skittishness is over. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest sector.”

Stocks attempted to bounce earlier in the session amid reports of renewed trade talks between the U.S. and China.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, lumentum, apple, mondays, points, 600point, falls, shares, dow, lower, drop, struggles, market, sales, fell, 170, session, tech, rebound


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Investing: Market volatility isn’t beginning of end, says Carlyle Group

“And so, all of a sudden, people are beginning to recognize that maybe valuations got ahead of where they probably should have been and they must reset.” The International Monetary Fund forecast in October that the U.S. economy would grow 2.5 percent in 2019. Youngkin said The Carlyle Group was slightly more optimistic, predicting GDP growth of between 2.5 percent and 3 percent. He questioned the idea that lower growth will lead to lower earnings, saying that “the concept of slowing growth does


“And so, all of a sudden, people are beginning to recognize that maybe valuations got ahead of where they probably should have been and they must reset.” The International Monetary Fund forecast in October that the U.S. economy would grow 2.5 percent in 2019. Youngkin said The Carlyle Group was slightly more optimistic, predicting GDP growth of between 2.5 percent and 3 percent. He questioned the idea that lower growth will lead to lower earnings, saying that “the concept of slowing growth does
Investing: Market volatility isn’t beginning of end, says Carlyle Group Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: holly ellyatt, brendan mcdermid, -glenn youngkin, co-chief executive, the carlyle group
Keywords: news, cnbc, companies, sudden, isnt, tech, investing, economy, group, sky, grow, slowing, volatility, market, going, lower, carlyle, end, beginning, growth, earnings


Investing: Market volatility isn't beginning of end, says Carlyle Group

“The tech sector has been valued under this expectation that, again, trees are going to grow to the sky, and we’re going to sell more and more and more of everything in an unlimited fashion,” he said. “And so, all of a sudden, people are beginning to recognize that maybe valuations got ahead of where they probably should have been and they must reset.”

The International Monetary Fund forecast in October that the U.S. economy would grow 2.5 percent in 2019. Youngkin said The Carlyle Group was slightly more optimistic, predicting GDP growth of between 2.5 percent and 3 percent. He said that would bode well for sectors, like tech, that “find their demand principally driven by confidence in the consumer.”

He questioned the idea that lower growth will lead to lower earnings, saying that “the concept of slowing growth does not mean declining earnings … Headlines are always that things are declining, but they’re not,” he said. “Growth is slowing.”

Youngkin added that a moderation of the growth rate was normal.

“Over the course of the last 12-18 months, most people have felt like the economy was going to grow to the sky and all of a sudden we have this very natural slowing of growth – not stalling – and the markets are appropriately resetting.”

– CNBC’s Fred Imbert contributed reporting to this story.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: holly ellyatt, brendan mcdermid, -glenn youngkin, co-chief executive, the carlyle group
Keywords: news, cnbc, companies, sudden, isnt, tech, investing, economy, group, sky, grow, slowing, volatility, market, going, lower, carlyle, end, beginning, growth, earnings


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Recession fears will spike when the stock market finally bottoms: Wall Street veteran Jim Paulsen

Fears of another economic recession will spike once the stock market reaches a bottom, strategist Jim Paulsen warned on Tuesday. “That might force Wall Street to lower 2019 [earnings] estimates, maybe to flat line.” But the Leuthold Group chief investment strategist said the combination of slower growth and fear could present a buying opportunity for investors. “When we do find a bottom, we’re going to feel a lot more fearful about a recession around the corner.” Paulsen, who has been predicting


Fears of another economic recession will spike once the stock market reaches a bottom, strategist Jim Paulsen warned on Tuesday. “That might force Wall Street to lower 2019 [earnings] estimates, maybe to flat line.” But the Leuthold Group chief investment strategist said the combination of slower growth and fear could present a buying opportunity for investors. “When we do find a bottom, we’re going to feel a lot more fearful about a recession around the corner.” Paulsen, who has been predicting
Recession fears will spike when the stock market finally bottoms: Wall Street veteran Jim Paulsen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, paulsen, correction, jim, spike, rise, veteran, market, finally, maybe, street, stock, strategist, wall, lower, recession


Recession fears will spike when the stock market finally bottoms: Wall Street veteran Jim Paulsen

Fears of another economic recession will spike once the stock market reaches a bottom, strategist Jim Paulsen warned on Tuesday.

“The next shoe to drop, I really think, is the U.S. economy slows, maybe in half to around 2 percent growth,” he said on CNBC’s “Squawk Box.” “That might force Wall Street to lower 2019 [earnings] estimates, maybe to flat line.”

But the Leuthold Group chief investment strategist said the combination of slower growth and fear could present a buying opportunity for investors.

“I don’t see that yet. We’re still growing too fast here,” Paulsen said. “When we do find a bottom, we’re going to feel a lot more fearful about a recession around the corner.”

Paulsen, who has been predicting a bigger market correction ahead, said if the Federal Reserve does not change course and slow its planned interest rate hikes, the stock market could remain under pressure next year.

Wall Street was set to rise at Tuesday’s open after stocks tanked in Monday’s session, pulled lower by a plunge in tech shares, a rise in the U.S. dollar, and lingering worries about global trade.

The tech-heavy Nasdaq on Monday went back into correction territory. The index last entered a correction in October’s market rout. The Dow Jones Industrial Average closed 602 points lower.

Concerns that Fed Chairman Jerome Powell might raise rates more than forecast has fueled stock declines and wild swings for weeks, as well as criticism from President Donald Trump.

—CNBC’s Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, paulsen, correction, jim, spike, rise, veteran, market, finally, maybe, street, stock, strategist, wall, lower, recession


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