• US stocks slump, erasing gains from a rally a day earlier

    20 days ago - By Chron

    U.S. stocks slumped broadly in morning trading Friday, pulling the Dow Jones Industrial Average down more than 300 points and erasing the market's gains from a day earlier. The major indexes are now back into the red for the year.
    Amazon, Alphabet, Mattel and other big companies fell sharply after turning in disappointing quarterly results. Technology and consumer-focused companies accounted for much of the slide.
    Media and communications stocks, banks and health care companies also took heavy losses. Bond prices rose, sending yields lower, as investors continued to seek less risky assets.
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  • Dow Jones Industrial Average Looks Set For Another Down Week

    20 days ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis takes a deep dive into the underlying technicals for the major U.S. averages.
    Durable Goods Orders came in better than expected on Thursday, while Unemployment Claims were near their target. MSFT earnings beat expectations and set the tone for the market to gap-up at the open. The SPX had been down for 6 straight sessions going into Thursday, so a bounce was over-due. The major indices made a steady march higher through the session and only a last hour sell-off kept the averages off their highs. The NDX which has been beaten...
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