Stocks Stuck Firmly In The Red In Mid-Day Trading – U.S. Commentary – NASDAQ.com
The Nasdaq, down almost 66 points early on, finished higher by 25.77 to close at 4,766. The Russell 2000 gained 20.85 points to close at 1,188.06. The S&P 500 Trust Series ETF ( SPY ) volume traded over 124 million shares on Tuesday. This was roughly 50% more volume versus its year-over-year average. Going forward the rest of this trading week, what does it all mean and where do we go from here?
Stocks Move Sharply Lower Amid Global Sell-Off – U.S. Commentary – NASDAQ.com
Citi CEO Michael Corbat said that the bank would take a $3.5 billion charge in the fourth quarter related to investigations and restructuring. Corbat said, however, that the bank still expects to be “marginally profitable” in the fourth quarter. 6. In economic data, the latest NFIB report on small business showed that 45% of the survey’s respondents reported “few or no qualified applications” for positions they sought to fill. This number, coupled with an increase in the number of firms that reported an increase in actual worker compensation in November, suggest that higher wages could be coming for America’s workers. Follow Closing Bell and never miss an update! Get updates in your Facebook news feed.
Closing Bell, December 9 – Business Insider
Spirit Airlines ( SAVE ) has helped to lead the sector lower, plunging by 13.1 percent. Trucking, banking, telecom, and pharmaceutical stocks are also seeing considerable weakness, moving lower along with most of the other major sectors. However, gold stocks are bucking the downtrend amid a sharp jump by the price of the precious metal. With gold for February delivery soaring $36.60 to $1,231.50 an ounce, the NYSE Arca Gold Bugs Index has surged up by 7 percent. As mentioned above, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday.
stocks are ending slightly lower, avoiding the sharp declines that occurred in Europe and China. European markets slid Tuesday after an early presidential vote was called in Greece, which investors feared could jeopardize the struggling country’s bailout program. Stocks also what are the top 100 stocks to buy fell in China after regulators there tightened rules for lending. The Dow Jones industrial average fell 51 points, or 0.3 percent, to 17,801.
WALL STREET: Stocks fall on world financial affairs | abc7news.com
Pharmaceutical, trucking, and banking stocks also continue to see significant weakness on the day, pulling back further off their recent highs. On the other hand, gold stocks continue to buck the downtrend, with the NYSE Arca Gold Bugs Index surging up by 5.5 percent. The strength in the sector comes as gold for February delivery is soaring $36.30 to $1,231.20 an ounce. Other Markets As mentioned above, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday.