FYI: Stocks failed to take advantage of early gains and turned wobbly Tuesday as oil prices cratered, dragging the energy sector sharply lower, and a resolution of the U.S.-China trade war remained elusive.
Stocks had bounced back in the morning as large-capitalization technology and internet-related names appeared to have regained their footing after the Dow and the Nasdaq suffered triple-digit losses in the previous session.
Tech companies clawed back some of their losses, with Nvidia and Advanced Micro Devices up 7.2% and 4.6%, respectively. Those stocks were still down 18% and 24% over the past month as tech stocks have led a broad market retreat.
Apple’s shares also rebounded, rising 0.9%, following a 5% drop Monday after two of its suppliers slashed their earnings outlooks, raising concerns about demand for its iPhone.
Stocks staged a modest comeback Tuesday before falling again. The Dow lost 0.4%, or 101 points, to close at 25,286.49, while the S&P 500 closed down 0.15% to 2722.18 and the Nasdaq was flat, closing at 7200.87. U.S. oil futures fell again after a brief Monday bounce. Here are a few more things to know:
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-11-13/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-11-12/asia-stocks-set-to-follow-u-s-lower-dollar-jumps-markets-wrap?srnd=premiumWSJ:
https://www.wsj.com/articles/tech-fueled-selloff-ripples-across-asia-1542080084MarketWatch:
https://www.marketwatch.com/story/stock-market-set-to-attempt-rebound-after-dows-600-point-drop-2018-11-13/printIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-today-market-loses-big-gains-dow/Reuters:
https://www.reuters.com/article/us-global-markets/u-s-stocks-rise-on-trade-optimism-pound-soars-on-impending-brexit-deal-idUSKCN1NI00YCNBC:
https://www.cnbc.com/2018/11/13/stock-market-dow-set-for-rebound-after-tech-heavy-sell-off.htmlU.K.:
https://www.marketwatch.com/story/ftse-100-struggles-against-backdrop-of-strong-british-pound-2018-11-13/printEurope:
https://www.marketwatch.com/story/asian-markets-tumble-following-tech-losses-on-wall-street-2018-11-12/printAsia:
https://www.marketwatch.com/story/asian-markets-tumble-following-tech-losses-on-wall-street-2018-11-12/printBonds:
https://www.cnbc.com/2018/11/13/bond-market-treasury-yields-lower-amid-us-china-trade-optimism.htmlCurrencies:
https://www.cnbc.com/2018/11/13/forex-markets-dollar-japanese-yen-in-focus.htmlOil:
https://www.cnbc.com/2018/11/13/oil-markets-opec-global-stock-markets-in-focus.htmlGold
https://www.cnbc.com/2018/11/13/gold-markets-dollar-stock-markets-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
