US stock futures point to a slightly lower open after Friday’s big losses

Dow futures implied a slide of about 41 points at the open on Monday, as of 7:20 a.m. S&P 500 and Nasdaq futures also pointed to a slightly lower open. Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April — after China reported industrial output and retail sales growth numbers for November that missed exp


Dow futures implied a slide of about 41 points at the open on Monday, as of 7:20 a.m. S&P 500 and Nasdaq futures also pointed to a slightly lower open. Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April — after China reported industrial output and retail sales growth numbers for November that missed exp
US stock futures point to a slightly lower open after Friday’s big losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: thomas franck, drew angerer, getty images
Keywords: news, cnbc, companies, 500, rising, lower, trade, big, president, losses, points, economic, fridays, point, open, slightly, sp, futures, stock


US stock futures point to a slightly lower open after Friday's big losses

Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session.

Dow futures implied a slide of about 41 points at the open on Monday, as of 7:20 a.m. ET. S&P 500 and Nasdaq futures also pointed to a slightly lower open.

Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April — after China reported industrial output and retail sales growth numbers for November that missed expectations.

The latest economic data offered yet another hint that Beijing’s economy may be decelerating amid rising trade risks as President Xi Jinping tries to broker a permanent truce with President Donald Trump. The two nations have slapped tariffs on billions of dollars worth of goods over the past year as disagreements over the handling of intellectual property and a yawning trade deficit pit the world’s two largest economies against each other.

Investors are also on edge ahead of the December meeting of the Federal Reserve’s policymaking arm. The Federal Open Market Committee is expected to hike its benchmark overnight lending rate for a fourth and final time of 2018 this week. While fears of rising interest rates and an ambitious Fed have spooked markets throughout 2018, such concerns have evolved over the past month as inflation and growth expectations recede.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: thomas franck, drew angerer, getty images
Keywords: news, cnbc, companies, 500, rising, lower, trade, big, president, losses, points, economic, fridays, point, open, slightly, sp, futures, stock


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US stock futures point to a slightly negative open after Friday’s big losses

Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session. Dow futures were down 17.00 points, implying a loss of 18.51 points at the open on Monday stateside, as of 3:28 a.m. S&P 500 and Nasdaq futures also pointed to a lower open for the two indexes. Recent economic data have reignited worries of economic slowdown around the globe


Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session. Dow futures were down 17.00 points, implying a loss of 18.51 points at the open on Monday stateside, as of 3:28 a.m. S&P 500 and Nasdaq futures also pointed to a lower open for the two indexes. Recent economic data have reignited worries of economic slowdown around the globe
US stock futures point to a slightly negative open after Friday’s big losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-16  Authors: thomas franck, drew angerer, getty images
Keywords: news, cnbc, companies, point, big, futures, fridays, negative, open, economic, trade, rising, president, slightly, losses, 500, sp, points, pointed, stock


US stock futures point to a slightly negative open after Friday's big losses

Dow Jones Industrial Average futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session.

Dow futures were down 17.00 points, implying a loss of 18.51 points at the open on Monday stateside, as of 3:28 a.m. ET. S&P 500 and Nasdaq futures also pointed to a lower open for the two indexes.

Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. The Dow fell nearly 500 points and the S&P 500 closed down 1.9 percent on Friday to 2,599.95 — its lowest closing level since April — after China reported industrial output and retail sales growth numbers for November that missed expectations.

The latest economic data offered yet another hint that Beijing’s economy may be decelerating amid rising trade risks as President Xi Jinping tries to broker a permanent truce with President Donald Trump. The two nations have slapped tariffs on billions of dollars worth of goods over the past year as disagreements over the handling of intellectual property and a yawning trade deficit pit the world’s two largest economies against each other.

Investors are also on edge ahead of the December meeting of the Federal Reserve’s policymaking arm. The Federal Open Market Committee is expected to hike its benchmark overnight lending rate for a fourth and final time of 2018 this week. While fears of rising interest rates and an ambitious Fed have spooked markets throughout 2018, such concerns have evolved over the past month as inflation and growth expectations recede.


Company: cnbc, Activity: cnbc, Date: 2018-12-16  Authors: thomas franck, drew angerer, getty images
Keywords: news, cnbc, companies, point, big, futures, fridays, negative, open, economic, trade, rising, president, slightly, losses, 500, sp, points, pointed, stock


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Asia markets close higher, Greater China shares lead gains

Asian stocks closed higher on Thursday, with shares in Greater China leading gains after the positive momentum seen on Wall Street overnight. Greater China markets initially opened mixed, but staged a comeback to lead the rest of Asia. The Shanghai composite ended the trading session at 1.23 percent higher at 2,634.0491 points, while the Shenzhen composite closed 1.106 percent higher at 1,360.9222 points. In Japan, the Nikkei 225 rose 0.99 percent to close at 21,816.19 points and the Topix index


Asian stocks closed higher on Thursday, with shares in Greater China leading gains after the positive momentum seen on Wall Street overnight. Greater China markets initially opened mixed, but staged a comeback to lead the rest of Asia. The Shanghai composite ended the trading session at 1.23 percent higher at 2,634.0491 points, while the Shenzhen composite closed 1.106 percent higher at 1,360.9222 points. In Japan, the Nikkei 225 rose 0.99 percent to close at 21,816.19 points and the Topix index
Asia markets close higher, Greater China shares lead gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: yen nee lee
Keywords: news, cnbc, companies, stocks, lead, gains, ended, higher, china, shares, session, asia, index, markets, greater, points, trading, close


Asia markets close higher, Greater China shares lead gains

Asian stocks closed higher on Thursday, with shares in Greater China leading gains after the positive momentum seen on Wall Street overnight.

“Calm has finally returned to markets,” analysts at Mizuho Bank wrote in a note. Trading in markets globally was volatile at the start of the week, but stabilized after news reports in recent days indicated an easing in tensions between the U.S. and China.

Greater China markets initially opened mixed, but staged a comeback to lead the rest of Asia. The Shanghai composite ended the trading session at 1.23 percent higher at 2,634.0491 points, while the Shenzhen composite closed 1.106 percent higher at 1,360.9222 points. Hong Kong’s Hang Seng Index gained 1.18 percent to end at 26,495.67 points.

In Japan, the Nikkei 225 rose 0.99 percent to close at 21,816.19 points and the Topix index ended 0.62 percent higher at 1,616.65 points. Over in South Korea, the Kospi inched up 0.62 percent to 2,095.55 points at the close.

Australian stocks, meanwhile, saw relatively modest gains. The ASX 200 index ended the session at 5,661.6 points — up 0.14 percent.

There were big moves in the Australia market. Shares of Hutchison Telecommunications plunged 21.43 percent at the close, while TPG Telecom fell by 16.67 percent. The two companies announced plans to merge in August this year, but the Australian Competition and Consumer Commission on Thursday released a statement expressing concerns about the proposal.


Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: yen nee lee
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Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the


U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the
Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck.

At around 7:02 a.m. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Futures on the S&P 500 and Nasdaq 100 were also seen relatively upbeat.

Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad.

In an interview with Reuters on Tuesday, President Donald Trump said he would intervene in the Justice Department’s case against a top executive at Chinese telecoms giant Huawei if it would help serve national security interests or help U.S.-Sino trade talks. Huawei is the one of the largest tech companies in China. It is also seen as a symbol of pride by the Chinese government.

The moves in premarket trade come after Trump said talks between Washington and Beijing were ongoing and confirmed he would not raise tariffs on Chinese imports until he was sure about a comprehensive trade agreement.

They also come after multiple reports pointed to China cutting tariffs on U.S.-made cars. A U.S. official told Reuters China indicated it will lower the tariffs, but the U.S. would wait on formal documentation and timing.

Wall Street had another wild session on Tuesday, with the Dow swinging more than 500 points before closing slightly lower.

“This intraday volatility is very headline-driven,” said Mona Mahajan, U.S. investment strategist at AllianzGI. “Between trade, the Federal Reserve and recession fears, it’s reason to give investors pause.”

“Investors are also more willing to sell rallies than buy dips. That’s the sentiment right now,” Mahajan said.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


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Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. 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. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese


News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. 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. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese
Dow turns negative, drops 200 points as bank shares fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. 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. Meng is scheduled to appear at a bail hearing in Canada later on Monday.

Monday’s moves come after a volatile week for investors. The Dow, S&P 500 and Nasdaq Composite all posted their worst weekly performances since March last week, falling more than 4 percent each, as worries and confusion about the ongoing U.S.-China trade war and fears of an economic slowdown gripped Wall Street.

“The volatility continues,” said Mark Newton, managing member at Newton Advisors, in a note to clients. “Stocks reversed the prior week’s rally violently over the last few days, and now have reached the bottom of the recent trading consolidation that’s been in place for the past few months.”

“Seeing a larger breakdown in the indices at this point would confirm that stocks have definitely started a larger correction that should eventually lead to a bear market,” he said.

On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. Both leaders agreed not to slap additional tariffs on billions of dollars worth of goods from their countries. It was not immediately clear, however, when the truce started as administration officials disagreed on the matter. Trump later said on Twitter the cease-fire began on Saturday, when he and Xi struck the deal.

The mixed messages did not stop there, however. National Economic Council Director Larry Kudlow told CNBC on Friday that Trump would extend the 90-day grace period if progress in the negotiations was made but a permanent deal could not be reached. Later that day, trade advisor Peter Navarro told CNN that Trump would “simply raise” tariffs on Chinese goods if a permanent deal was not struck after the 90 days.

U.S. Trade Representative Robert Lighthizer warned on Sunday he considers March 1 — when the truce is scheduled to end — as “a hard deadline.” He added that additional tariffs will be placed on Chinese goods if a deal is not reached by then.

Meanwhile, the 3-year Treasury note yield broke above its 5-year counterpart last week. This “yield-curve inversion” stoked fears that a recession could be on its way. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10-year yield, which has not happened yet.

Strategists at MRB Partners think investors might be overreacting to the moves in Treasury yields. “Markets are now discounting greater weakness than we expect next year,” they said in a note. “Our neutral stance on equities and underweight on fixed income corresponds with our expectation that stocks will outperform bonds in the year ahead, albeit in choppy fashion.”

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Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


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US futures point to slight recovery after Tuesday’s market rout

S&P 500 and Nasdaq 100 futures also pointed to slight gains. In after-hours trading, the SPDR S&P 500 ETF Trust (SPY) rose about 0.28 percent. The Dow Jones Industrial Average plunged 799.36 points earlier on Tuesday, while the S&P 500 dropped more than 3 percent. The CBOE Volatility Index, popularly known as the VIX, leaped about 26.16 percent to 20.74. The VIX measures implied volatility on S&P 500 index options.


S&P 500 and Nasdaq 100 futures also pointed to slight gains. In after-hours trading, the SPDR S&P 500 ETF Trust (SPY) rose about 0.28 percent. The Dow Jones Industrial Average plunged 799.36 points earlier on Tuesday, while the S&P 500 dropped more than 3 percent. The CBOE Volatility Index, popularly known as the VIX, leaped about 26.16 percent to 20.74. The VIX measures implied volatility on S&P 500 index options.
US futures point to slight recovery after Tuesday’s market rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, tuesdays, point, sp, points, futures, 500, president, index, volatility, market, yield, nasdaq, rout, recovery, weekend, slight


US futures point to slight recovery after Tuesday's market rout

U.S. stock futures on Tuesday evening stateside pointed to a slight rebound from the steep losses seen in regular trading.

Dow Jones Industrial Average futures climbed 43 points, indicating a gain of 46.93 points at Thursday’s open as at 10:44 p.m. ET. S&P 500 and Nasdaq 100 futures also pointed to slight gains. The U.S. stock market will be closed on Wednesday out of respect for former President George H.W. Bush’s funeral.

In after-hours trading, the SPDR S&P 500 ETF Trust (SPY) rose about 0.28 percent. Meanwhile, the Invesco QQQ Trust — which tracks the Nasdaq 100 index — gained around 0.37 percent.

The Dow Jones Industrial Average plunged 799.36 points earlier on Tuesday, while the S&P 500 dropped more than 3 percent. The Nasdaq Composite, meanwhile, fell 3.8 percent to close in correction territory.

The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers.

Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy “is poised to weaken.”

Some bond experts, however, have said it may not be time to panic yet.

While inversions have been reliable recession indicators in the past, the most important relationship — between the 3-month and 10-year government notes — is not inverted and thus hasn’t indicated the likelihood of a contraction ahead.

The market concerns were further exacerbated by confusion surrounding the agreement that was struck between U.S. President Donald Trump and Chinese President Xi Jinping over the weekend at the G-20 summit in Buenos Aires, Argentina.

The two economic powerhouses have been locked in an ongoing trade war, which has continued to rock global markets for much of 2018.

While the U.S. and China agreed over the weekend to hold off on any additional tariffs on each other’s goods, there have been conflicting messages coming from within the White House as well as differing opinions from Trump, Washington and Beijing over the actual details of the agreement.

The CBOE Volatility Index, popularly known as the VIX, leaped about 26.16 percent to 20.74. The VIX measures implied volatility on S&P 500 index options. It had earlier hit a high of 21.94 — its highest levels since Nov. 23 when it touched a high of 22.65.

— CNBC’s Fred Imbert and Jeff Cox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, tuesdays, point, sp, points, futures, 500, president, index, volatility, market, yield, nasdaq, rout, recovery, weekend, slight


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US market sell-off set to continue as Dow futures fall

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday. Over the weekend, U.S. President Donald Trump met with Chines


U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday. Over the weekend, U.S. President Donald Trump met with Chines
US market sell-off set to continue as Dow futures fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: christine wang, eustance huang, brendan mcdermid
Keywords: news, cnbc, companies, fall, points, open, dow, futures, president, xi, trade, continue, yield, selloff, lower, market, set


US market sell-off set to continue as Dow futures fall

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China.

On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday.

The New York Stock Exchange, Nasdaq and U.S. Treasury market were closed Wednesday as the nation remembered former president George H.W. Bush.

On Tuesday, the Dow Jones Industrial Average shed nearly 800 points in its largest decline since Oct. 10.

On Monday, the yield on the three-year Treasury note surpassed its five-year counterpart. That bond-market phenomenon, known as a yield-curve inversion, is seen as a recession signal. But typically the recession doesn’t come until years after and many traders won’t see the inversion as official until the two-year yield rises above the 10-year yield.

Investors remain uncertain about the prospects of a permanent trade deal with China. Over the weekend, U.S. President Donald Trump met with Chinese President Xi Jinping to discuss ongoing trade quarrels between their two countries. While the White House has said it has worked out a cease-fire with Beijing, discrepancies in messaging haven’t assuaged market fears of uncertainty.

“Unfortunately until we get new news the market continues to be a caldron of concerns causing caution with investors,” said Art Hogan, B. Riley FBR’s chief market strategist. “With the combination of he said Xi said on China trade, a fear of an economic slowdown in 2019, and the slow trickle of Mueller investigation reports coming out, it is not at all surprising to see a buyer’s strike in the after hours market.”

Still, Hogan added, there will be a “plethora of data as Markets open on Thursday and on Friday with the jobs report that might turn the tide of negative sentiment.” But until then, he said, “we are stuck in a news vacuum and most of the news that we do have leans to the negative.”

—CNBC’s Fred Imbert and Tom Franck contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: christine wang, eustance huang, brendan mcdermid
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Can markets have a jolly festive season?

Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away. The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed. There is no doubt it will take a b


Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away. The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed. There is no doubt it will take a b
Can markets have a jolly festive season? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: karen tso, brendan mcdermid
Keywords: news, cnbc, companies, rally, lows, investors, points, season, festive, dow, markets, higher, index, christmas, santa, market, jolly


Can markets have a jolly festive season?

It’s December and time to deck the halls with boughs of holly, or in CNBC’s case, the business channel with chatter of a potential Santa Claus rally and 2019 fortunes.

Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away.

The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed.

There is no doubt it will take a big bag of quadruple points for the Dow to rally to 26,950 points, the October high. But it is not impossible that a dose of Christmas magic will be sprinkled on the index given the erratic trade we’ve witnessed.

Federal Reserve Chairman Jerome Powell played his role last week, transforming from Christmas Grinch to peaceful dove when he said U.S. interest rates were closing in on neutral levels. Powell’s olive branch may have encouraged the Dow to bid farewell to recent lows, but is it enough to sweep the index 11-percent higher in one month, or more than 2600 points from its lows, to reclaim the highs?

Tactically, many are open to the prospect.

“The market fall in the last six weeks has discounted many of next year’s problems. A bit of good news or just an absence of bad news ‎could drive over-sold markets higher,” said David Miller, executive director of Quilter Cheviot Investment Management.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: karen tso, brendan mcdermid
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Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d


Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d
Dow plunges nearly 800 points on rising fears of an economic slowdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.

The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points.

The S&P 500 declined 3.2 percent to close at 2,700.06. The benchmark fell below its 200-day moving average, which triggered more selling from algorithmic funds. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent.

The Nasdaq Composite dropped 3.8 percent to close back in correction territory at 7,158.43. The Russell 2000, which tracks small-cap stocks, dropped 4.4 percent to 1,480.75, marking its worst day since 2011. Trading volume in U.S. stocks was also higher than usual on Wall Street.

The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10 year yield, which has not happened yet.

Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy “is poised to weaken.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


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The same bond market move happening now occurred before the last three recessions

The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days. The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Paul Hickey, co-founder of Bespoke, said when the spread o


The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days. The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Paul Hickey, co-founder of Bespoke, said when the spread o
The same bond market move happening now occurred before the last three recessions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: patti domm
Keywords: news, cnbc, companies, worse, 10year, happening, 3month, 2year, occurred, basis, market, spread, points, recessions, bespoke, bond, yield


The same bond market move happening now occurred before the last three recessions

In the Treasury market, shorter-term interest rates this week started to move above some longer-term rates.

That can be an early warning sign of a recession, as it was in 1990, 2001 and 2007, according to a study by Bespoke. The firm said that kind of bond market move may indicate that some of the more widely watched spreads could also soon flip, or invert, a precursor to a recession.

The 3-year Treasury yield Monday moved above the 5-year yield, and it was soon followed by the 2-year. The market most closely watches the spread between the 2-year and 10-year, as well as 3-month to 10-year spread, which is the one preferred by the Fed.

Source: Bespoke

Bespoke said in the last three recessions, the first inversion — between the 3-year and the 5-year came an average 26.3 months before the start of a recession, with a range between 17 and 38 months. In all three cases, the 3-month to 10-year yield curve inverted for the first time an average 89 days later, or between 19 and 173 days.

The 2-year yield Tuesday was just about 13 basis points away from the 10-year yield, while the 3-month yield was about 55 basis points from the 10-year. Bespoke noted that a move to inversion on the latter would require either a significant rally in the 10-year, or two more rate hikes from the Fed.

Paul Hickey, co-founder of Bespoke, said when the spread on the 3-month to 10-year is between 50 and 100 basis points, the stock market tends to perform well.

Source: Bespoke

“The flatter it gets, the worse it is for the market. Even worse for the market is when it’s below 50 and already inverted,” he said.

“When you get the worse performance is after it inverts and gets positive again, and that’s when you really see the market weaken,” Hickey said.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: patti domm
Keywords: news, cnbc, companies, worse, 10year, happening, 3month, 2year, occurred, basis, market, spread, points, recessions, bespoke, bond, yield


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