In case you needed evidence, the S&P 500 SPX, -0.21% , Dow DJIA, -0.09% and Nasdaq COMP, -0.18% proved that last week with all three in the red for five days in a row, which hasn’t happened since 2016.Of course, nobody — well, with a few bearish, and increasingly desperate, exceptions — is really pushing the panic button just yet. The market has proven to be far too resilient to be thrown off by a few down days.
Then, of course, there’s Friday’s disappointing jobs report, which registered the smallest gain in new jobs since September 2017. The market Futures on the Dow YMH9, -0.58% are down sharply, while S&P 500 ESH9, +0.17% and Nasdaq NQH9, +0.33% are modestly higher. Gold prices GCJ9, -0.34% are lower, as well. Crude oil CLJ9, +0.70% is providing a splash of green in the wee hours. Europe stocks SXXP, -0.56% aren’t up a bit in the early part of their session, while Asia ADOW, -0.82% clawed back some gains in a mostly mixed day of trading.
Tesla TSLA, +2.73% shares are pointing higher after the company backed off a bit of a promise to cut prices on all its cars and move sales online. The electric-car maker said it will likely keep significantly more physical stores open, which will halve the savings it had hoped to pass onto to customers.Worried about robots taking your job? Don’t be, according to Rep. Alexandria Ocasio-Cortez. “We should not be haunted by the specter of being automated out of work. . . .
The quote “At restaurant tonight waitress asks if we want straws. Says she has to ask now in fear of ‘THE STRAW POLICE.’ Welcome to Socialism in California!” — California Republican Devin Nunes, in a tweet Saturday evening.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'China isn’t going to implode:' A Wall Street chief strategist breaks down why the nation's latest economic warning isn't a disaster, and outlines the path higher for US stocksA top strategist says China's new economic warning won't stop US stocks from booking big gains this year as US growth continues and earnings improve.
Source: BusinessInsider - 🏆 729. / 51 Read more »
As appetite for Asia improves, cautious investors leave banks till lastThe chances of recession have faded enough for emerging market investors to plow... RT : As appetite for Asia improves, cautious investors leave banks till last
Source: Reuters - 🏆 2. / 97 Read more »
The growing appetite for armed drones in the Middle EastWhile America refused to sell armed drones in the Middle East, China stepped in to meet demand New Stuffs are ready for Middle East. The Best is yet to come!!! After years of using drones to act as judge, jury, and executioner, American 'restraint' on this issue is a day late and quite a few dollars short. Once a (really bad) precedent has been set it is nearly impossible to stop others from doing the same when technology allows it.
Source: TheEconomist - 🏆 6. / 92 Read more »
Don’t write off stocks just yet because the market has what it takes to hit new peaks, says JPMorgan strategistLook at a dovish Federal Reserve, a stabilizing yield curve and a likely U.S.-China trade deal, says a strategist at JPMorgan Chase & Co. 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️ I welcomed the pull back. I added to my existing positions and bought a couple of new ones. Down 400 points during the day. Up 200 from there. I bought at the low and made money by the close.
Source: MarketWatch - 🏆 3. / 97 Read more »
This bull market has hit the 10-year mark. Will it keep raging or will bears spoil the party?Investors on Saturday will celebrate the 10-year anniversary of the longest bull market on Wall Street since World War II. The rally has generated a gain of nearly $18 trillion in the index’s market value, according to S&P Dow Jones Indices. But I thought Donald Trump made the Stockmarket? What a coincidence. That was 1 year after the financial institution bailouts. Congratulations to the tiny number of Americans who were born into inherited wealth, who continue to bulldoze working class lives with no repercussions! U-S-A! U-S-A! Reagan promised it would trickle down almost 40 years ago! Any day now!
Source: latimes - 🏆 11. / 82 Read more »