FYI: The Dow Jones Industrial Average turned negative in the final hours of trading as a slide in technology shares and worries about global trade chipped away at investors’ appetite for risk.
Stocks jumped right out of the opening bell, then pared their gains heading into afternoon trading as shares of technology-driven companies such as Amazon.com, Netflix and Alphabet tumbled anew.
The Dow industrials then erased all of their gains for the day after Bloomberg reported the U.S. would plan its next wave of tariffs on Chinese goods if talks between the two countries fall through.
The blue-chip average, which had risen as many as 352 points earlier in the session, closed down down 243 points, or 1.1%, at 24439. The S&P 500 fell 17.61 0.66%, while the Nasdaq Composite—which had started the day higher—fell 116points.
The shaky trading extended what has been a volatile stretch for the stock market. Major indexes are on course to end October with their biggest one-month loss in years, hurt by growing worries about the health of the global economy, as well as broader concerns about tightening monetary policy.
On one hand, many investors say the U.S. economy remains on strong footing. Data Monday showed Americans’ personal spending and incomes picked up in September, and a report Friday showed the U.S. economy grew faster than economists had expected in the third quarter.
But some remain anxious about how long the gains can continue, especially with interest rates on the rise and tailwinds from tax cuts passed in late 2017 expected to fade in the coming years. Shares of fast-growing companies in the technology and communication-services sectors slid again Monday, capping major indexes’ gains.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-10-29/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-10-28/bear-market-asian-stocks-face-mixed-start-to-week-markets-wrap?srnd=premiumWSJ:
https://www.wsj.com/articles/europe-stocks-rise-as-s-p-500-nears-correction-territory-1540803458MarketWatch:
IBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-correction-hits-new-low-point/Reuters:
https://www.reuters.com/article/us-usa-stocks/sp-500-rebounds-helped-by-financials-nasdaq-in-check-idUSKCN1N31EQCNBC:
https://www.cnbc.com/2018/10/29/stock-market-dow-futures-seen-lower-amid-earnings-season-worries.htmlU.K.:
https://www.marketwatch.com/story/ftse-100-climbs-as-hsbc-beats-profit-shares-soar-2018-10-29/printEurope:
https://www.marketwatch.com/story/italian-stocks-lead-europe-markets-higher-banks-auto-names-climb-2018-10-29/printAsia:
https://www.marketwatch.com/story/nikkei-scares-up-gains-as-asian-stocks-mostly-advance-2018-10-28/printBonds:
https://www.cnbc.com/2018/10/29/us-bonds-treasury-yields-move-higher-ahead-of-data-auctions.htmlCurrencies:
https://www.cnbc.com/2018/10/29/forex-markets-us-dollar-euro-yen-and-brazil-in-focus.htmlOil:
https://www.cnbc.com/2018/10/29/oil-markets-global-trade-impending-us-sanctions-on-iran-in-focus.htmlGold
https://www.cnbc.com/2018/10/29/gold-markets-dollar-asian-stocks-saudi-arabia-europe-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
