Adam Shell USA TODAY Published 6:40 PM EDT Oct 10, 2018 It sure felt like a sell-everything day on Wall Street: Stock prices plunged, and talk of a panic and comeuppance for the nearly 10-year old bull market took hold. So why did stock prices fall so far, so fast, seemingly out of nowhere? And what explains the 832-point drop for the Dow Jones industrial average just a week after the blue-chip stock gauge notched a record high? While there's never a perfect answer to explain how market psychology can turn on a dime, here's how financial pros are making sense of the worst day for the Dow since February, and a big decline in popular technology stocks. What sparked the fall? Nervousness had been building for days on Wall Street. The catalyst was the recent spike in the yield on a closely watched government bond to a seven-year high. The 10-year Treasury note -- whose key rate impacts the pricing on things ranging from fixed-rate mortgages to stocks to virtually every financial … [Read more...] about Why did stock market drop so much today?
What days are the stock market closed
Can something worth $1 trillion be cheap? Apple Inc. on Thursday became the first U.S. company to reach the hard-to-conceptualize milestone, which is sure to spark a debate about whether the stock market is just one big bubble waiting to burst. After all, Apple’s market capitalization is bigger than the economies of all but 17 countries in the world.Plus, Amazon.com Inc., Google parent Alphabet Inc. and Microsoft Corp. are not far behind; all have stock market values that comfortably exceed $800 billion. But as DataTrek Research co-founder Nicholas Colas pointed out in a note to clients, Apple has accomplished this feat in the absence of a sky-high multiple. Its shares trade at about 17.6 times forecasted earnings, compared with 17.5 times for the S&P 500 Index, which is about in line with the average going back to 1990 and far below the peak during that time of more than 25 times in the late 1990s. While it’s true that stocks face a lot of headwinds … [Read more...] about Apple, $1 Trillion and Stock Market Bubbles
Less than a year ago, Amir was at a soiree at the Brazilian embassy in Tehran, exchanging business cards with shoe makers eager to sell to a market of 80 million Iranians.The product of the evening’s schmoozing still lines the walls of his stores: Brazilian flip-flops and bath slippers. But now the footwear is subject to a government ban on foreign imports as Iran tries to stifle the impact of U.S. President Donald Trump’s withdrawal from the nuclear deal, which had opened the door for new suppliers.“A lot of retailers have already closed down and I’m selling the stock that I have left,” said Amir, 27, standing behind the cash register in his small shop in a shopping arcade in an affluent area of northern Tehran. “Once I’ve sold everything, I’ll probably be unemployed,” he said, declining to be identified by his full name because of concern about speaking with foreign media.The fiery exchanges between Trump and … [Read more...] about Trump’s Threats Are the Least of Iran’s Worries
One week doesn’t make a market cycle. Investors who just poured almost $9 billion into U.S. equities can take comfort in that.Not that this was such a bad one. Small-cap stocks, in particular, acquitted themselves well, even as 10-year Treasury yields soared to a seven-year high. But for most companies, the specter of rising rates was too much to bear, and the S&P 500 Index had its biggest drop since early April.In a bull run powering through its 10th year, market timing has become an onerous task. One week stocks are climbing to reflect a stellar pace of earnings growth. The next they’re in the red as yields jump and trade talks with China stall. The cost is less to the wallet than the psyche, after two years of uninterrupted gains.“It’s really more of a no man’s land area, is how I look at this -- in other words, not definitively good or bad,” said Jason Browne, chief investment strategist at FundX Investment Group. “It’s too early … [Read more...] about It Was an Unlucky Week to Throw $8.8 Billion at the Stock Market
Member Center:Create Account|Log InManage Account|Log Out Home News Newsletter Podcasts TV Radio Video Weather About LIFESTYLE TV11 TV8 Local 2 GNN i94-FM Isla63-AM Entertainment Money Home/Family Health Food Pets Tech Travel Beauty & Style Auto VideoBytes Press Releases Main Students display investment savvy in Stock Market Games Posted: May 04, 2018 5:45 PM Friday, May 4, 2018 5:45 PM EDTUpdated: Friday, May 4, 2018 3:45 AM EDTBy Nestor [email protected] You're never too young to learn about money. At least that's the idea behind The Stock Market Games, an annual event sponsored by Asia Pacific Financial Management Group. Students compete to see who can make the most money. Event host Jon Ulloa says the stock market games were started 25 years ago by Asia Pacific founder Mick Pexa, saying, "One of the things he really wanted to do was to bring the financial education to our students. The elementary schools, the middle schools, … [Read more...] about Students display investment savvy in Stock Market Games