Skip to main content

Dow futures imply a more than 350-point loss at Thursday's open, as stock market rout continues

Overnight Dow Jones industrial average futures were down by 286 points just before 10 p.m. ET, signaling the October stock market drop that intensified on Wednesday could continue on Thursday. Futures implied the Dow will open Thursday down by 377.74 points.
Overnight S&P 500 futures, for their part, were lower by 0.95 percent and continued to point to a decline at Thursday's open.
The SPDR S&P 500 ETF fell 0.57 percent in after hours trading Wednesday, after falling 3.2 percent during a day which saw stocks sell off throughout the afternoon.

"October weakness intensified today as volume surged and selling was widespread," said Bruce Bittles, chief investment strategist at Baird, in a note after Wednesday's close. "We may need to see evidence of exhaustive selling, increased investor pessimism and a healthier breadth back-drop to suggest that near-term risks are ebbing."
The Dow Jones Industrial Average closed 831.83 points lower at 25,598.74 as Intel and Microsoft fell more than 3.5 percent each. The Nasdaq Compositeplummeted 4 percent to 7,422.05 as Amazon and chip stocks declined. It was the worst for the Dow and S&P since February.
The Invesco QQQ Trust, which tracks the Nasdaq-100, fell 0.7 percent in after hours trading Wednesday, signaling tech stocks would be under pressure once again in Thursday's session.
The S&P 500 dropped 3.3 percent to 2,785.68, with the tech sector underperforming. The broad index also posted a five-day losing streak — its longest since November 2016 — and fell below its 50-day and 100-day moving averages, widely followed technical levels.
"While seasonal tendencies become increasingly favorable moving toward year-end, we have yet to see evidence that overall selling has reached downside exhaustion," Bittles said. "For now, caution remains warranted."
Both the Dow and S&P 500 posted their biggest one-day drops since early February, while the Nasdaq notched its largest single day sell-off since June 24, 2016.
Stocks have fallen sharply this month. For October, the S&P 500 and the Dow are down more than 4.4 percent and 3.3 percent, respectively. The Nasdaq, meanwhile, has lost more than 7.5 percent.
Labels:

Comments

Post a Comment

Hi, friends honestly tell your re-view& also give your feedback.

Popular posts from this blog

Top ten Most Expensive Diamonds in the World for ever in history

Diamonds last forever, diamonds are a girl’s best friend, a diamond in the rough: these sayings all emphasise the beauty and strength of world’s most famous gems. Take a look at the 10 most expensive diamonds in the world in this Catawiki story! 10. The orange - 32 million euros This 14.82-carat bright orange diamond broke a world record when it sold for 32 million euros in 2013. Generally, pink and blue diamonds are the most sought after, but this rare gem surprised the world with its orange beauty and size. 9. The Princie - 33 million euros This pink, 34.54- carat diamond has been known of for 300 years now, after it was discovered in the Golconda mines in India. It was bought from the Hyderabad Royal family in 1960 by jewellers Van Cleef & Arpels, who named it the Princie after the son of Sita Devi, the Maharanee of Baroda, an extravagant and famous socialite living in Paris. 8. Graff Vivid Pink – 38,7 million euros A rectangular 24.78-carat diamond, classi...
Post a Comment
Read more

Realme 3 Pro vs Redmi Note 7 Pro Camera Comparison: And the Winner is?

With a profoundly aggressive price tag, Realme 3 Pro made its  official debut  in India just earlier this week to take on the smartphone, which is better known as the budget king – Redmi Note 7 Pro. The cameras are important for when you make a buying decision and while Xiaomi has banked on the hype around 48MP sensors to court buyers for its latest budget offering, Realme has resorted to borrowing the camera sensor from its sister company’s flagship smartphone – the OnePlus 6T. So, let’s not waste any more time and answer the one question which might have been bugging you. How does the Sony IMX519 sensor on Realme 3 Pro compare to the Sony IMX586 on Redmi Note 7 Pro? Realme 3 Pro vs Redmi Note 7 Pro: Specs Before we check out the camera samples and see how they compare, here’s a quick peek at the camera specifications for both the smartphones. The Redmi Note 7 Pro, as most of you, would already know brings along  a primary 48MP (f/1.7) rear sensor (the Sony I...
Read more

Some basic and necessary information about c language you don't know

C is a general-purpose, high-level language that was originally developed by Dennis M. Ritchie to develop the UNIX operating system at Bell Labs. C was originally first implemented on the DEC PDP-11 computer in 1972. In 1978, Brian Kernighan and Dennis Ritchie produced the first publicly available description of C, now known as the K&R standard. The UNIX operating system, the C compiler, and essentially all UNIX applications programs have been written in C. The C has now become a widely used professional language for various reasons. Easy to learn Structured language It produces efficient programs. It can handle low-level activities. It can be compiled on a variety of computer platforms. Facts about C C was invented to write an operating system called UNIX. C is a successor of B language which was introduced around 1970 The language was formalized in 1988 by the American National Standard Institute (ANSI). The UNIX OS was totally written in C by 1973. To...
Read more