The past couple of weeks have been a roller coaster ride for U.S. stocks. The S&P500 is down 5% month to date, while the Dow is off 3% and the Nasdaq has led the way in the loss parade with a 7.4% loss so far in the month of October.
U.S. stocks are limping this morning after a dismal week last week which saw the Dow, S&P500 and Nasdaq fall -4.2%, -4.1% and -3.7% respectively.
U.S. stocks are trending negative again this morning as investors are reacting to rising interest rates. Both the Dow and S&P500 closed out last week down -0.7% and -0.6% respectively. It was the second straight weekly decline for the S&P500.
U.S. stocks are in rally mode this morning to kick off a new month and quarter in response to a trade deal struck between the U.S. and Canada that will revise the North American Free Trade Agreement. The Dow is just below an all-time intraday high and the S&P500 is pushing toward record levels as well.
Another round of tariffs and lagging tech stocks are weighing on equity markets this morning after a record breaking week last week. The Dow closed in record territory on Friday after posting its biggest weekly gain since July and the S&P500 has risen in eight of the past ten trading days.
All of the major U.S. indices are struggling to find a direction in early trading this morning following a week that pushed U.S. stocks into near record levels. If the S&P500 can find a way to turn positive today it would mark the sixth straight positive session - the longest streak for the index since February.
U.S stocks have opened this holiday shortened week on a down note with the global trade story continuing to worry investors. In early trading, all of the major U.S indices are firmly in negative territory. Both the S&P500 and Nasdaq have been in positive territory for five consecutive months while the Dow has gained for two straight months.
US stocks finished with back-to-back positive sessions last week which ultimately pushed the Dow and S&P500 into the green after a turbulent start to the week. Concerns over an economic and currency crisis in Turkey had investors on edge most of the week, but fears subsided Thursday as news came that the US and China had scheduled renewed trade talks.
US stocks logged their 5th consecutive week of gains last week as investors cheered a full week of positive earnings results. The S&P500 advanced 0.8% while the Nasdaq added 1.0% and the Dow Jones Industrial Average finished mostly flat.
US stocks are being pushed down Monday following a week which saw mixed results for the broad benchmarks. The Dow Jones Industrial Average advanced 1.6% last week while the S&P500 added 0.6% as investors celebrated mostly positive Q2 earnings results. The tech-heavy NASDAQ was the lone laggard last week, as disappointing results from Facebook Inc.