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The Closing Bell: Wall Street Pulled Lower By Oil Slump

TedTed
edited November 2018 in The Bullpen
FYI: Regards, U.S. stocks fell on Friday as oil prices plunged to their lowest in more than a year, dragging down energy shares, while U.S.-China trade talks at the G20 summit next week kept investors on edge in a truncated trading session.

Major indexes have struggled to break a stretch of shaky trading as investors have grappled with signs of fading global growth, as well as a slide in technology stocks that had helped lead the bull market earlier in the year.

The latest rout in oil prices added to the downbeat mood in markets, sending shares of energy firms such as Marathon Oil, ConocoPhillips and Hess down more than 3% apiece.

Some of the swings were likely exacerbated by relatively low trading volumes heading into the weekend, with the U.S. stock market set to close earlier in the afternoon and Japanese markets shut for a public holiday, analysts said.

Of the eleven S&P 500 sectors, only Consumer Staples, Healthcare, and Utilities had a positive day.

Regards,
Ted
Bloomberg Evening:
https://www.bloomberg.com/news/articles/2018-11-23/your-evening-briefing

Bloomberg:
https://www.bloomberg.com/news/articles/2018-11-22/asia-stocks-to-slip-end-weekly-drop-pound-jumps-markets-wrap?srnd=premium

WSJ:
https://www.wsj.com/articles/european-stocks-shrug-off-weak-trade-in-asia-to-rise-1542964086

MarketWatch:
https://www.marketwatch.com/story/stocks-poised-to-open-lower-in-black-friday-trade-notch-weekly-loss-of-more-than-3-2018-11-23/print

IBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-news-rockwell-collins-united-technologies-china/

Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-pulled-lower-by-oil-slump-idUSKCN1NS1FA

CNBC:
https://www.cnbc.com/2018/11/23/stock-markets-dow-set-for-losses-as-trading-resumes-for-half-day.html

U.K.:
https://www.marketwatch.com/story/london-markets-pinned-down-by-oil-losses-questions-over-brexit-deal-progress-2018-11-23/print
Europe:
https://www.marketwatch.com/story/european-stocks-struggle-for-gains-on-weak-oil-brexit-deal-doubts-2018-11-23/print

Asia:
https://www.marketwatch.com/story/china-stocks-fall-led-by-tech-names-as-trade-worries-fester-2018-11-23/print
Bonds:
https://www.cnbc.com/2018/11/23/us-bonds-treasury-yields-move-higher-as-investors-await-economic-data.html

Currencies:
https://www.cnbc.com/2018/11/23/forex-markets-euro-british-pound-brexit-in-focus.html
Oil:
https://www.cnbc.com/2018/11/23/oil-prices-slump-to-their-lowest-level-of-2018-even-as-opec-considers-cuts.html

Gold
https://www.cnbc.com/2018/11/23/gold-markets-the-fed-us-china-trade-war-brexit-in-focus.html

WSJ: Markets At A Glance:
https://markets.wsj.com/us

Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures:
https://finviz.com/futures.ashx




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