|Day's range||24,935.82 - 25,501.29|
|52-week range||23,242.75 - 26,951.81|
Apple shares are down almost 20% from their highs and Wall Street firms just won't stop publishing a torrent of negative commentary about the iPhone maker.
Invesitng.com – Wall Street closed lower on weakness in tech and financials, though signs of Brexit-deal progress lifted sentiment.
Investing.com - Anxiety over the U.S.-China trade war and Brexit is keeping gold's $1,200 perch alive, even as the dollar tries to gain leverage against the yellow metal on the same concerns.
Invesitng.com - Stocks took a sharp turn lower in afternoon trading as weakness in blue chips followed strong selling in technology shares.
The Dow Jones Industrial Average was lower Wednesday as investors balanced largely positive news on inflation against Chinese data and worries about Brexit.
STOCKSTOWATCHTODAY BLOG 11:29 a.m. Stocks were dropping in late-morning trading after starting higher on Wednesday. The S&P 500 has fallen 0.5% to 2707.74, while the Dow Jones Industrial Average has declined 139.
As of November 12, US crude oil prices have fallen 27.1% from the multiyear closing high of $76.41 per barrel on October 3. Oversupply concerns have led the decline in oil prices. Based on a Reuters report, OPEC members and non-OPEC oil producers might develop a plan to reduce their oil output by up to 1.4 MMbpd (million barrels per day) in 2019. In the oil market report on November 14, the International Energy Agency expects global oil demand growth to rise by 1.3 MMbpd and 1.4 MMbpd in 2018 and 2019, respectively. A production cut of that magnitude might limit oil’s fall.
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. It didn’t help that Apple’s stock continued to sink as investors fretted about slowing demand for the iPhone. A Goldman Sachs analyst slashed his price target on the company, citing weaker-than-expected outlook from two Apple suppliers.
Wall Street opened firmly higher on Wednesday thanks to a rebound in oil prices and after tame consumer price inflation data helped eased concerns that the Federal Reserve could speed up its pace of interest rate tightening. The S&P 500 climbed 0.7 per cent, the Dow Jones Industrial Average gained 0.5 per cent while the Nasdaq Composite jumped 0.9 per cent. Energy stocks were the day’s top gainers, with the sector booking a 2 per cent advance thanks to the stabilisation in oil prices following the steep sell-off on Tuesday.
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
Investing.com - Gold broke below its long-held perch of $1,200 an ounce on Tuesday before settling above that key psychological level, keeping alive bullion fans' hopes of a recovery as equity markets struggled again.