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por **admin** » Mié Oct 24, 2018 10:25 am

Dow drops more than 200 points, led by technology, AT&T shares
Fred Imbert | @foimbert
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CNBC.com
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Stocks fell on Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.
The Dow Jones Industrial Average declined 217 points as United Technologies and Disney lagged. The S&P 500 dropped 1.2 percent as the tech and financials sectors fell more than 1 percent each. The Nasdaq Composite fell 1 percent as Facebook, Amazon, Netflix and Alphabet all traded lower.
Facebook and Alphabet both fell more than 1 percent, while Apple slipped 0.8 percent. AT&T, meanwhile, dropped more than 6.5 percent after releasing its quarterly results.

Equities were also pressures by a decline in housing stocks. The SPDR S&P Homebuilders ETF (XHB) dropped 1.2 percent after the Commerce Department said new home sales hit a near two-year low.
"The housing numbers were not good," said JJ Kinahan, chief market strategist at TD Ameritrade. "There's a lot of uncertainty heading into the end of the year. It just feels like people feel more comfortable spending short-term rather than long term."
Investors have been grappling with increasing market volatility of late. The Cboe Volatility Index (VIX), widely regarded as the best gauge of fear in the market, traded at 22.28 on Wednesday and is up more than 83 percent this month.
The Dow recovered most of a 500-point decline on Tuesday. At its session lows, the Dow had fallen 548.62 points, while the S&P 500 and Nasdaq had lost more than 2 percent each on Tuesday. Still, the 30-stock Dow has lost more than 450 points this week.
Several factors have conspired to knock markets this month — some earnings disappointment, a brewing conflict between Italy and the European Union over budget spending, criticism of oil power Saudi Arabia over the killing of a dissident journalist and finally, worries that world growth is losing steam.
"Since early February through late September, US stocks were on a tear, while stocks overseas were mostly stumbling," said Ed Yardeni, president and chief investment strategist at Yardeni Research. "So far this month, the US has coupled with the bearish sentiment overseas."
"Valuation multiples have dropped sharply this month, making stocks attractive," he said in a note. This is more of a panic attack "rather than the beginning of a bear market; we believe that the bull market will continue into next year. The next relief rally should be triggered by continued signs of economic growth combined with subdued inflation."
Earlier in the session, the Dow rose more than 100 points on the back of better-than-expected results from Boeing. The aerospace giant also raised its full-year guidance on earnings and sales. The report sent the stock up more than 1 percent.
The results come as investors slog through the busiest week of the earnings season. More than 100 S&P 500 companies are scheduled to report this week, including Amazon, Alphabet and NBCUniversal-parent Comcast. So far, 80 percent of the companies that have reported have topped earnings expectations, according to data from FactSet.
—CNBC's Spriha Srivastava contributed to this report.

por **admin** » Mié Oct 24, 2018 10:26 am

U.S. Stocks Fall as Worries on Global Economy Continue to Weigh

Anxiety about corporate earnings and weakness in the Chinese economy have battered markets lately

By Amrith Ramkumar and Avantika Chilkoti
Updated Oct. 24, 2018 11:04 a.m. ET
The S&P 500 was on track for its 13th drop in the past 15 sessions Wednesday, as worries about global economic growth and corporate earnings continued to buffet financial markets.

The index was recently down 0.5% and on pace for a sixth consecutive decline. The Dow Jones Industrial Average fell 50 points, or 0.2%, to 25140 and like the S&P is more than 6% off its recent all-time high. The tech-heavy Nasdaq Composite fell 0.8%.

Anxiety about weakness in the Chinese economy spreading and a slowdown in corporate profitability have swung global stocks and commodities lately. The declines in tandem across asset classes have raised concerns that the worst could still be ahead for investors, who are also grappling with the impact of higher interest rates.

“We just have a bunch of different uncertainties, and that raises the fear factor all around,” said Jerry Braakman, chief investment officer of First American Trust.

Analysts have been weighing whether the recent selloff heralds the end of a prolonged period of strength in the U.S. or is simply a temporary adjustment.

While some investors expect another steady quarter of earnings growth to help the market stabilize, others are worried about pockets of weakness and that revenue gains might be peaking.

Shares of aerospace giant Boeing rose 2.8%, lifting the Dow industrials after it said its business is booming, thanks to strong demand for commercial jets and new defense projects. The report could be a boon for the industrial sector, analysts said, after it was battered Tuesday following weak earnings from Caterpillar and 3M.

United Parcel Service shares fell 2.8% following a quarterly sales miss from the package-delivery company.

And AT&T was also an S&P 500 laggard, dropping 6.4% as the telecommunications company continued to suffer losses of traditional pay-TV customers.

The Dow industrials on Tuesday fell almost 550 points before making up most of the losses in the final hours of trading.
The Dow industrials on Tuesday fell almost 550 points before making up most of the losses in the final hours of trading. Photo: Victor J. Blue/Bloomberg News
Downbeat sales targets from Texas Instruments dragged down semiconductor stocks, leading to declines across the broader technology sector. The S&P 500 information technology group dropped 1.1%.

A number of companies are scheduled to post quarterly results after the market closes Wednesday, including Microsoft, Ford, Visa and Tesla.

Some executives have raised tighter financial conditions and higher input costs as challenges moving forward, with the Federal Reserve expected to continue to gradually boosting interest rates.

On Wednesday, the yield on the benchmark 10-year U.S. Treasury yield fell to 3.126%, according to Tradeweb, from 3.166%. Bond yields fall as prices rise and have pulled back recently with some investors seeking safety in Treasurys. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, added 0.2%.

President Trump blasted Fed Chairman Jerome Powell in an interview with The Wall Street Journal on Tuesday, saying the head of the central bank threatened growth and appeared to enjoy raising interest rates.

But tightening monetary policy alone doesn’t explain the recent market tremors, said Robin Creswell, managing principal at Payden & Rygel, who pointed to geopolitical tensions as another source of angst.

“What is complicating the picture is a range of extraneous factors,” Mr. Creswell said. “Those are much more difficult to price, so in the short term the market will react more to those short-term stimuli.”

Investors are waiting to see if the U.S. and China can resolve their monthslong tariff fight ahead of planned meetings between leaders from the world’s two largest economies next month.

Even if the two sides compromise, some analysts see challenges to the global economy ahead.

Weakness in the housing and auto markets have unnerved investors bracing for a pullback in the U.S., where growth has surged this year. Sales of new homes in the U.S. fell for the fourth month in a row in September, the Commerce Department said Wednesday.

Preliminary eurozone purchasing managers index data on Wednesday suggested the regional economy grew at its slowest pace in over two years in October. The figure dropped to 52.7 from 54.1 last month. That is the lowest level since September 2016.

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Still, the Stoxx Europe 600 rebounded Wednesday, adding 0.5%.

In Asia, Japan’s Nikkei Stock Average rose 0.4%, while South Korea’s Kospi benchmark and Hong Kong’s Hang Seng fell 0.4%.

Write to Amrith Ramkumar at amrith.ramkumar@wsj.com

por **admin** » Mié Oct 24, 2018 11:51 am

CHANGE % CHG
DJIA 25025.07 -166.36 -0.66%
Nasdaq 7308.22 -129.32 -1.74%
S&P 500 2710.23 -30.46 -1.11%
Russell 2000 1507.53

por **admin** » Mié Oct 24, 2018 11:52 am

https://lta.reuters.com/article/busines ... Y23Z-OUSLB

por **admin** » Mié Oct 24, 2018 11:55 am

https://lta.reuters.com/article/busines ... Y213-OUSLB

por **admin** » Mié Oct 24, 2018 3:36 pm

Desmoronándose
LAST CHANGE % CHG
DJIA 24583.42 -608.01 -2.41%
Nasdaq 7108.40 -329.14 -4.43%
S&P 500 2656.10 -84.59 -3.09%
Russell 2000 1468.70 -57.89 -3.79%
Global Dow 2861.12 -55.23 -1.89%
Japan: Nikkei 225 22091.18 80.40 0.37%
Stoxx Europe 600 353.27 -0.79 -0.22%
UK: FTSE 100 6962.98 7.77 0.11%
CURRENCIES4:35 PM EDT 10/24/2018
LAST(MID) CHANGE
Euro (EUR/USD) 1.1395 -0.0076
Yen (USD/JPY) 112.17 -0.27
Pound (GBP/USD) 1.2884 -0.0098
Australia $ (AUD/USD) 0.7060 -0.0027
Swiss Franc (USD/CHF) 0.9976 0.0028
WSJ Dollar Index 90.39 0.28
GOVERNMENT BONDS4:35 PM EDT 10/24/2018
PRICE CHG YIELD
U.S. 10 Year 16/32 3.109
German 10 Year 3/32 0.400
Japan 10 Year 5/32 0.135
FUTURES4:25 PM EDT 10/24/2018
LAST CHANGE % CHG
Crude Oil 66.24 -0.19 -0.29%
Brent Crude 75.45 -0.99 -1.30%
Gold 1235.1 -1.7 -0.14%
Silver 14.695 -0.098 -0.66%
E-mini DJIA 24619 -625 -2.48%
E-mini S&P 500 2706

por **admin** » Mié Oct 24, 2018 3:37 pm

U.S. Stocks Fall Sharply as Markets Extend Rocky Stretch

Nasdaq loses 4.4%, Dow and S&P 500 indexes relinquish their gains for 2018 in late day selloff

By Amrith Ramkumar and Avantika Chilkoti
Updated Oct. 24, 2018 4:26 p.m. ET
The Nasdaq Composite plunged into correction territory after its worst day in more than seven years Wednesday, the latest sign of wavering investor confidence in the technology stocks that have powered the most recent leg of the bull market.

The weakness in the technology sector infiltrated other corners of the market, with the Dow Jones Industrial Average slumping 608 points. The blue-chip index and S&P 500 erased all of their 2018 gains.

Worries about global economic growth and corporate earnings have buffeted stocks around the world and commodities this month. Highflying internet and technology shares have been among the hardest hit. Investors have flocked toward the technology sector for years because of its ability to consistently lift sales regardless of global economic growth, but recent trade tensions between the U.S. and China and signs that earnings might be peaking have hurt the market’s leaders.

Sellers of computer chips that rely on trade flows between the world’s two largest economies have dragged the sector lower throughout the year and did again Wednesday following weaker-than-expected sales targets from Texas Instruments. Analysts said the Nasdaq entering correction territory, defined as a drop of at least 10% from its most recent peak, Wednesday was another indication that investors fear a far-reaching slowdown in global economic growth.

The Nasdaq, whose 4.4% decline was its worst one-day performance since August 2011, joined transportation, small-cap, bank and biotechnology stocks in correction territory, falling into that area for the first time since February 2016. Even when the Dow Jones Industrial Average and S&P 500 posted corrections earlier this year, the Nasdaq narrowly avoided a 10% drop.

“We just have a bunch of different uncertainties, and that raises the fear factor all around,” said Jerry Braakman, chief investment officer of First American Trust. “This kind of environment really starts stressing people.”

Analysts have been weighing whether the recent selloff heralds the end of a prolonged period of strength in the U.S. or is simply a temporary adjustment.

Lagging
Several companies fell Wednesday after reportingearnings, pushing down the S&P 500.
Source: SIX
As of Oct. 24, 4:00 p.m. ET

%
S&P 500
AT&T
Texas Instruments
UPS
Oct. 24
noon
2 p.m.
4
-10
-8
-6
-4
-2
0

While some investors expect another steady quarter of earnings growth to help the market stabilize, others are worried about pockets of weakness and that revenue gains might not continue.

Downbeat sales targets from Texas Instruments TXN -8.22% dragged down shares of companies that make computer chips, leading to declines across the broader technology sector. Texas Instruments, Nvidia and Advanced Micro Devices all fell at least 4.5%, and the S&P 500 information technology group dropped 2.4%.

Fast-growing internet and technology firms have been among the hardest hit by the recent bout of market turbulence, with some analysts wondering if their outsize sales increases can continue.

UPS -5.52% AT&T T -8.06% was also an S&P 500 laggard, dropping 6.7% as the telecommunications company continued to suffer losses of traditional pay-TV customers. Shares of Netflix also tumbled, declining 7.2%. The streaming company has erased the initial advance last week that followed its latest earnings report.

The Dow industrials on Tuesday fell almost 550 points before making up most of the losses in the final hours of trading.
The Dow industrials on Tuesday fell almost 550 points before making up most of the losses in the final hours of trading. Photo: Victor J. Blue/Bloomberg News
In other sectors, United Parcel Service UPS -5.52% shares fell 4.5% following a quarterly sales miss from the package-delivery company.

Shares of aerospace giant Boeing BA 1.31% rose 2.8%, helping the Dow industrials after it said its business is booming, thanks to strong demand for commercial jets and new defense projects. Still, the S&P 500 industrials sector declined 2%, after it was battered Tuesday following weak earnings from Caterpillar and 3M.

Some executives have raised tighter financial conditions and higher input costs as challenges moving forward, with the Federal Reserve expected to continue to gradually boost interest rates.

On Wednesday, the yield on the benchmark 10-year U.S. Treasury yield fell to 3.122% from 3.166%. Bond yields fall as prices rise and have pulled back recently with some investors seeking safety in Treasurys. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, added 0.3%.

President Trump blasted Fed Chairman Jerome Powell in an interview with The Wall Street Journal Tuesday, saying the head of the central bank threatened growth and appeared to enjoy raising interest rates.

But tightening monetary policy alone doesn’t explain the recent market tremors, said Robin Creswell, managing principal at Payden & Rygel, who pointed to geopolitical tensions as another source of angst.

“What is complicating the picture is a range of extraneous factors,” Mr. Creswell said. “Those are much more difficult to price, so in the short term the market will react more to those short-term stimuli.”

Investors are waiting to see if the U.S. and China can resolve their monthslong tariff fight ahead of planned meetings between leaders from the world’s two largest economies next month.

Even if the two sides compromise, some analysts see challenges to the global economy ahead.

Weakness in the housing and auto markets have unnerved investors bracing for a pullback in the U.S., where growth has surged this year. Sales of new homes in the U.S. fell for the fourth month in a row in September, the Commerce Department said Wednesday.

Preliminary eurozone purchasing managers index data on Wednesday suggested the regional economy grew at its slowest pace in over two years in October. The figure dropped to 52.7 from 54.1 last month. That is the lowest level since September 2016.

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The Stoxx Europe 600 erased early gains Wednesday, closing down 0.2% in a sixth consecutive session of declines.

In Asia, Japan’s Nikkei Stock Average rose 0.4%, while South Korea’s Kospi benchmark and Hong Kong’s Hang Seng fell 0.4%.

Write to Amrith Ramkumar at amrith.ramkumar@wsj.com