FYI: U.S. stocks tumbled Tuesday, putting major U.S. indexes closing below their October lows and wiping out yearly gains.
What started as a technology-company selloff bled into other corners of the market, as investors dumped everything from oil to shares of retailers and energy companies to bitcoin in favor of relatively safe assets such as bonds. In a surprising twist, some of the companies whose drops sparked the latest round of selling were up on Tuesday, with Netflix shares rising 0.5%.
Traders described a hectic opening for stock trading, with some companies swinging wildly in the first several minutes on higher-than-usual trading volumes. Salesforce.com dropped 6% shortly after the open, before stabilizing. Shares of the business-software company were recently up 1%.
U.S. investors continue to be plagued by doubts surrounding slowing global growth, U.S.-China trade relations, and the steady rise in interest rates that can be expected to continue into next year. These doubts have accumulated to induce fears that we are growing nearer to the end of the current economic expansion, strategists say.
The previously highflying technology sector has the most to lose from this change in sentiment. Tech stocks extended a decline that led the market lower Monday, with reports from China adding fuel to the day’s selling after officials in Beijing uncovered widespread evidence of anticompetitive behavior by Korean rivals. According to The Wall Street Journal, Beijing investigators implicated Samsung Electronics 005930, -1.95% SK Hynix 000660, -3.30% and Micron Technology MU, -2.42%
Market participants believe that China’s investigation may intensify festering issues around trade relations between China and other major counterparts, including the U.S.
All eleven sectors of the S&P 500 led by Energy, Technology, and Consumer Discretionary finished down for the day.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-11-20/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-11-19/stock-slump-to-extend-to-asia-as-u-s-tech-sinks-markets-wrap?srnd=premiumWSJ:
https://www.wsj.com/articles/global-stocks-drop-as-tech-shares-extend-declines-1542704669MarketWatch:
https://www.marketwatch.com/story/dow-futures-tumble-nearly-300-points-nasdaq-poised-to-fall-by-triple-digits-2018-11-20/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-falls-1000-points-growth-stocks/Reuters:
https://www.reuters.com/article/us-usa-stocks/retail-tech-stocks-lead-slide-on-wall-street-idUSKCN1NP1BZCNBC:
https://www.cnbc.com/2018/11/20/stock-market-dow-futures-negative-as-tech-stocks-sink.htmlU.K:
https://www.marketwatch.com/story/london-stocks-drop-in-step-with-global-equity-rout-2018-11-20/printEurope:
https://www.marketwatch.com/story/european-stocks-facing-weakest-close-since-2016-as-global-malaise-spreads-2018-11-20/printAsia:
https://www.marketwatch.com/story/asian-stocks-drop-as-tech-pullback-nissan-ceos-arrest-takes-toll-2018-11-19/printBonds:
https://www.cnbc.com/2018/11/20/us-bonds-treasury-yields-move-lower-as-investors-await-auctions.htmlCurrencies:
https://www.cnbc.com/2018/11/20/forex-markets-dollar-the-fed-in-focus.htmlOil:
https://www.cnbc.com/2018/11/20/oil-markets-opec-crude-supply-in-focus.htmlGold
https://www.cnbc.com/2018/11/20/gold-markets-dollar-the-fed-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 
