FYI: U.S. stocks slid Monday as disappointing earnings and forecasts from bellwether industrial and technology companies sparked fresh worries about global economic growth.
The Dow Jones Industrial Average fell 208 points, or .84%, to 24528. The S&P 500 declined .78% and the Nasdaq Composite lost 1.11%.
Lackluster economic data out of China and the eurozone in recent weeks have painted a picture of decelerating growth around the world, which many analysts say sits at odds with the rally in global stocks over the past month.
The latest flurry of earnings-related news added to investors’ sense of unease. Caterpillar shares shed 9.8% after the manufacturer, hurt by slowing growth in China and rising costs, set lower-than-expected profit targets for 2019. Nvidia shares slipped 15%, stung by weaker guidance for the fourth quarter.
U.S. companies are still expected to report solid growth for the final quarter of 2018. With results in from roughly a fifth of S&P 500 firms, about 70% of corporations have posted better-than-expected earnings so far this reporting season, according to FactSet.
Nine of the S&P 500 Sectors, led by Consumer Staples and Real Estate had a positive day.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-start-the-week-with-losses-11548665959?mod=hp_lead_pos1Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-01-28/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2019-01-27/asia-stocks-poised-to-start-week-with-modest-gains-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-drop-ahead-of-caterpillar-earnings-2019-01-28/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-cools-3-growth-stocks-test-a-proper-buy-point/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-rattled-by-caterpillar-nvidia-warnings-idUSKCN1PM1F4CNBC:
https://www.cnbc.com/2019/01/28/stock-market-trump-expresses-skepticism-over-border-wall-deal.htmlU.K.:
https://www.marketwatch.com/story/london-markets-dragged-down-by-stronger-pound-2019-01-28/printEurope:
https://www.marketwatch.com/story/european-markets-down-as-coming-trade-talks-and-fed-meeting-spooks-investors-2019-01-28/printAsia:
https://www.cnbc.com/2019/01/28/stock-market-trump-expresses-skepticism-over-border-wall-deal.htmlBonds:
https://www.cnbc.com/2019/01/28/us-bonda-trump-signals-skepticism-on-border-wall-deal-.htmlCurrencies:
https://www.cnbc.com/2019/01/28/forex-markets-dollar-the-fed-japanese-yen-in-focus.htmlOil:
https://www.cnbc.com/2019/01/28/oil-markets-us-rig-count-china-economy-in-focus.htmlGold
https://www.cnbc.com/2019/01/28/gold-markets-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
