NEW YORK (MarketWatch)—Many market watchers warned Monday about biotech stocks, and the big beatdown came Wednesday.Should you buy biotech on the dip? Some market watchers suggest holding off.Within the largest biotech ETF, less than half of the stocks are trading above their 50-day average, down from more than 80% in the past week, said Sundial Capital Research in a note […]
NEW YORK (MarketWatch) — U.S. stocks fell on Wednesday, declining for the third straight session, as a selloff in technology and biotech stocks pushed indexes lower.The S&P 500 SPX, -0.88% lost 19.06 points, or 0.9%, to 2,072.44. Technology stocks were hit hard, with the largest company on the index, Apple Inc. dropping more than 1%.The Dow Jones Industrial Average DJIA, […]
Parts of Europe are in deflation, growth worries continue in China, and Islamic extremists have added a new layer of instability to the Middle East.Read MoreOptions trader bets big time on bottom for stocksPerhaps predictably, stocks have wobbled, with a series of triple-digit up and down moves on the Dow industrials and another round of worry that the long-anticipated correction […]
ZeroOne on FlickrThe market has been shaky for awhile now, but today it just got real.
The NASDAQ crashed 3%. The S&P fell about 2%. The Dow dropped over 260 points.So here’s the weird thing. There’s really no “story” associated with this selloff, which is a point noted by Jesse Livermore on Twitter.Now let’s be clear, usually stories that explain market […]
