Stock Market Tanking, Dow Slips Below 17,000 for First Time in 10 months
“Panic sets in, not over yet,” claims CNBC as major indices tumble worldwide.
Nick Gillespie|Aug. 21, 2015 4:22 pm
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Not a good Friday for Wall Street:
Fears of a China slowdown ripped through global markets and sent U.S. stocks to their lowest level of the year on Thursday.
All the major indexes […]
U.S. stock futures were under pressure in early trading ahead of this morning’s release of the July employment report-seen as a key piece of the economic puzzle on whether the Fed might hike interest rates next month. (CNBC)
The Dow is looking to break a six-session losing streak Friday, after closingThursday at a six-month low. Media, biotech, and energy stocks served […]
Bloomberg TVLaszlo Birinyi thinks the S&P 500 can hit 3,200 by 2017.That would be a 52% jump from where the benchmark index was trading on Tuesday afternoon. In an interview with CNBC on Tuesday, Laszlo Birinyi of Birinyi Associates said: “Most people don’t realize that we are now in the second greatest S&P rally in history, and we are actually ahead of the 1990 […]
screenshot/CNBCTrading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are now canceled.”Additional information will follow as soon as possible,” the NYSE’s website says.According to CNBC, the halt started at 11:32 a.m. ET and was triggered by “technical issues.””We’re currently experiencing a technical […]
How to trade a skyrocketing stock
How do you trade jumping shares of Williams now? Todd Gordon discusses with Brian Sullivan.
Shares of Williams Cos. soared 26 percent on news that the energy company rejected a $64 per share takeover offer from Energy Transfer Equity.In a statement, Williams said the proposal “significantly undervalues Williams.”Williams further announced that it has retained Barclays and […]
“I am utterly amazed at how the Federal Reserve can play havoc with the market,” Ron Paul exclaimed on CNBC’s “Futures Now” referring to Thursday’s surge in stocks, warnings that he sees it as “being very unstable.” As Paul rages, “the fallacy of economic planning” has created such a “horrendous bubble” in the bond market that it’s only a matter […]
Traders on the floors of Wall Street can’t stop talking about the turmoil in the global bond market this week.The 10-year Treasury yield touched 2.42 percent Thursday, its highest level of the year and up from 2.09 percent a week ago. The yield on the German 10-year bund also hit its 2015 high.These are not the kind of moves that […]
Trading Nation: Bull & bear on Chinese stocks
David Seaburg, Cowen & Co., and Todd Gordon, tradinganalysis.com, give perspective to investing in Chinese stocks.
China’s stock market is red-hot.After dropping 6.5 percent last Thursday, the Shanghai composite has bounced back to a fresh multiyear high. But as the index is already up more than 50 percent year to date, one market participant […]
Read MoreGE unveils massive financial unit restructuring”The rumor had been out there,” said Dan Nathan, a CNBC contributor, who first wrote about the activity on RiskReversal.com. “GE is not a name we usually see short-term speculation in the options market.”Most curious about those purchases is that those April calls expire next Friday, giving whoever bought them precious little time for […]
Pedro Castellano | Getty ImagesInvestors are bailing on biotech stocks at such a rapid pace that it is shocking even some of the most-seasoned traders. It’s a popping bubble that could have implications on the sustainability of this six-year bull market.Consider this, the most popular ETF in the sector—the Nasdaq Biotechnology iShares (IBB)—hit an all-time intraday high Friday of $374.62. […]
