FYI: The Dow Jones Industrial Average stabilized Wednesday, boosted by a batch of strong earnings.
The blue-chip index closed up 171 points, or 0.8%, at 24575, after opening up nearly 300 points then turning negative in midday trading.
The S&P 500 inched up less than 0..22%, while the tech-heavy Nasdaq Composite was up 0.08%.
The moves came after all three indexes on Tuesday notched their largest one-day point and percentage declines since Jan. 3 and snapped four-day winning streaks. The gauges entered Wednesday well below last year’s records but up 12% or more since Christmas Eve.
The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite Index on Tuesday notched their largest one-day point and percentage declines since Jan. 3.
Fears about slowing global growth, particularly in China, have swung markets in recent weeks as analysts fear demand for a wide range of commodities and products will weaken this year. Analysts were weighing falling materials prices against several stronger-than-expected earnings Wednesday, sparking swings for major indexes.
Seven of the eleven S&P 500 Sectors, led by Consumer Staples and Utilities were in positive territory.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-waver-after-rally-peters-out-11548234901Bloomberg Evening:
https://www.bloomberg.com/news/articles/2019-01-23/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2019-01-22/asian-stocks-set-for-declines-treasuries-climb-markets-wrapMarketWatch:
https://www.marketwatch.com/story/frustrated-investors-say-trump-administration-overly-sensitive-to-stock-market-gyrations-2019-01-23/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-today-rallies-ibm-earnings/Reuters:
https://www.reuters.com/article/us-usa-stocks/sp-nasdaq-dip-as-healthcare-financials-weigh-ibm-keeps-dow-higher-idUSKCN1PH1IPCNBC:
https://www.cnbc.com/2019/01/23/stock-market-investors-turn-their-attention-to-trade-and-earnings.htmlU.K.:
https://www.marketwatch.com/story/metro-bank-bank-leads-losses-on-london-markets-2019-01-23/printEurope:
https://www.marketwatch.com/story/european-investors-unnerved-by-economic-slowdown-and-trade-uncertainty-2019-01-23/printAsia:
https://www.marketwatch.com/story/asian-markets-flat-as-japan-reports-weak-export-data-2019-01-22/printBonds:
https://www.cnbc.com/2019/01/23/bonds-and-fixed-income-investors-turn-their-attention-to-trade-talks.htmlCurrencies:
https://www.cnbc.com/2019/01/23/forex-markets-japanese-yen-global-economy-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/01/23/oil-markets-global-economy-in-focus.htmlGold
https://www.cnbc.com/2019/01/23/gold-markets-global-economy-us-china-trade-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
