Jan 04, 4:30 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Nikhil Kumar 01/04/19 AT 4:00 AM The turbulence in the U.S. stock markets is far from over and 2019 could be another year of big volatile moves, analysts told International Business Times.Rob Zukowski, technical analyst at Continuum Economics, said the immediate key level for the S&P 500 lies at the 200-day moving average currently pegged at 2,350, around the recent low of 2,346 that the index touched. “If you take out that low, the S&P 500 can see a drop of another 350 points.”Zukowski said the 200-day moving average is a critical area for the S&P 500 in 2019, pointing out that the index has consistently traded above its 200-day moving average since 2011.It was the first time ever the S&P 500 ended a year with a loss after having tread positive territory during the first three quarters. The benchmark index rose 9 percent at … [Read more...] about S&P 500 to see big volatility in 2019, will find it tough to test old highs
Simon Casey, Bloomberg 8:26 am CST, Wednesday, December 26, 2018 Ryan Lance, ConocoPhillips CEO. Ryan Lance, ConocoPhillips CEO. Photo: Melissa Phillip, Houston Chronicle / Staff Photographer Photo: Melissa Phillip, Houston Chronicle / Staff Photographer Image 1 of / 1 Caption Close Image 1 of 1 Ryan Lance, ConocoPhillips CEO. Ryan Lance, ConocoPhillips CEO. Photo: Melissa Phillip, Houston Chronicle / Staff Photographer ConocoPhillips only company in S&P's 500 Energy Index up for the year 1 / 1 Back to Gallery In a measure of how badly U.S. energy equities have fared this year, only one company in Standard and Poor’s 500 Energy Index has posted a year-to-date gain. … [Read more...] about ConocoPhillips only company in S&P’s 500 Energy Index up for the year
By Suzanne O'Halloran Published December 19, 2018 Stocks FOXBusiness Facebook Twitter Comments Print video Next recession will be ‘much worse’ than the last: Euro Pacific Capital CEO E-Valuator Funds’ Kevin Miller and Euro Pacific Capital CEO Peter Schiff on the recent market selloff, the Federal Reserve’s rate hikes, how investors should deal with market volatility. The Grinch is making his way around Wall Street. The recent volatility has put the Dow Jones Industrial Average and the S&P 500 on pace for their worst months since 1931, as tracked by our partners at Dow Jones Market Data Group. Continue Reading Below The S&P 500, the broadest measure of stocks, has lost nearly 8 percent and the Dow Jones Industrial Average over 7 percent so far in December. While the economy isn’t facing 1931 challenges, which at the time was the Great Depression, headwinds are building. Dow Jones Industrial Average - … [Read more...] about Dow, S&P 500 having worst month since 1931 as Grinch hits Wall St.
New York -- Stocks sank sharply Monday, with the S&P 500 falling to its lowest level in more than a year and the Dow shedding nearly 500 points amid ongoing concerns about U.S. economic growth. The S&P 500 index is down more than 2 percent in 2018 and has fallen nearly 13 percent since setting a record high in late September. The Dow and Nasdaq each fell more than 2 percent on the day and are both in the red in 2018. The Russell 2000 index of small-cap stocks is down 20 percent since it finished at its last record high at the end of August. Wall Street calls a 20 percent decline a "bear market," and it's considered a major downturn.Obamacare ruling hits health stocksShares of health insurers and hospitals slumped after a federal judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Hospital operator HCA dropped 2.5, while health insurer UnitedHealth lost 1.9 percent. Centene, a health insurer that focuses on Medicaid and the Affordable Care Act's … [Read more...] about S&P 500 falls to lowest level in more than a year
By MARLEY JAY Published December 17, 2018 Energy Associated Press Facebook Twitter Comments Print article U.S. stocks are falling in choppy trading, and the S&P 500 is down to its lowest in more than a year. Continue Reading Below Health insurers and hospitals are falling after a federal judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Retailers and technology stocks are also sinking. Some of the biggest losses are going to utilities and real estate companies, which have done better than the rest of the market during the turbulence of the last three months. KEEPING SCORE: The S&P 500 skidded 39 points, or 1.5 percent, at 2,560 as of 1:50 p.m. Eastern time. The Dow Jones Industrial Average lost 363 points, or 1.5 percent, to 23,735. The Nasdaq composite fell 106 points, or 1.5 percent, to 6,803. The Russell 2000 index dipped 18 points, or 1.3 percent, to 1,391. The S&P 500 dropped in early trading and briefly … [Read more...] about US and European stocks slide again; S&P 500 hits annual low