FYI: U.S. stocks fell Tuesday, putting major indexes on pace for their first decline in five trading sessions, as concerns over global growth resurfaced.
Stocks opened the holiday-shortened week on shaky footing after the International Monetary Fund reduced its forecast for global economic growth in 2019, forcing investors to again confront the possibility that some major economies around the world are weakening faster than expected, including China and Europe.
The report, which coincided with new data showing the Chinese economy grew at the slowest annual pace since 1990, sparked a broad selloff that threatens to halt a four-day run of gains for the Dow Jones Industrial Average, the S&P 500 and Nasdaq Composite.
“It’s not good for markets and it’s not good for the rest of the world because the supply chains, the links to other countries, are way too important to ignore,” Anna Stupnytska, global economist at Fidelity International, said of the slowdown in China.
The broad S&P 500 fell 1.4%, on pace for its biggest percentage decline since Jan. 3, while the Dow industrials shed 301 points, or 1.2%, to 24404. The Nasdaq Composite declined 1.9%.
Ten of the S&P 500 Sectors led by Communication Services were in negative territory. Only Utilities were positive.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-slip-as-economic-concerns-resurface-11548146958Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-01-22/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2019-01-21/asia-stocks-set-for-muted-start-on-growth-picture-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/asian-markets-slip-on-global-growth-worries-2019-01-21/printIBD:
https://www.investors.com/market-trend/stock-market-today/sp-500-today-50-day-line/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-slips-on-global-growth-fears-weak-corporate-forecasts-idUSKCN1PG1G6CNBC:
https://www.cnbc.com/2019/01/22/us-markets-global-economy-us-china-trade-in-focus-.htmlU.K.:
https://www.marketwatch.com/story/heavyweight-uk-banks-fall-pulling-ftse-down-2019-01-22/printEurope:
https://www.reuters.com/article/europe-stocks/update-1-ubs-and-global-growth-concerns-drive-down-european-shares-idUSL8N1ZM5F9Asia:
https://www.marketwatch.com/story/asian-markets-slip-on-global-growth-worries-2019-01-21/printBonds:
https://www.cnbc.com/2019/01/22/bond-market-investors-global-growth-concerns-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/01/22/forex-markets-dollar-global-economic-growth-in-focus.htmlOil:
https://www.cnbc.com/2019/01/22/oil-markets-global-economic-growth-in-focus.htmlGold
https://www.cnbc.com/2019/01/22/gold-markets-global-economy-dollar-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
