Stocks retreat from record highs at open as investors return from holidays

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stock benchmarks retreat from record heights after holiday weekend

U.S. stocks opened modestly lower on Tuesday as the stock-market took a breather from its record-breaking climb, amid some worries around muted global growth and a respiratory virus spreading in China. Investors were returning from the holidays on Monday, in observance of Martin Luther King Jr. day. The S&P 500 SPX, -0.20% was down 0.3% to around 3,321. The Dow Jones Industrial Average DJIA, -0.14% shed 51 points, or 0.2%, to 29,297. The Nasdaq Composite DJIA, -0.14% fell 0.3% to 9,364.

#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; }

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yen rises, yuan slumps as stocks fall on China virusThe yen pulled ahead and the yuan fell against the dollar on Tuesday as the spre... They will go back up soon once the virus is gone
Source: Reuters - 🏆 2. / 97 Read more »

European stocks poised to open lower as world leaders gather in DavosEuropean stock markets are expected to open lower on Tuesday, the start of the World Economic Forum (WEF) in Davos, Switzerland.
Source: CNBC - 🏆 12. / 72 Read more »

Airline stocks in Asia take a hit amid growing coronavirus fears in ChinaTravel-related shares in Asia fell Tuesday as fears grew over an outbreak of a mysterious virus in China that has killed four people so far.
Source: CNBC - 🏆 12. / 72 Read more »

Chinese Drugmakers’ Shares Surge, Travel Stocks Fall as Virus Outbreak WorsensA widening outbreak of a mysterious pneumonia-like virus helped propel shares of some Chinese drugmakers to multiyear highs, while travel stocks fell, as investors made bets on the potential economic impact of the disease in the region. Well not to be too nasty, quarantine all flights from China proper, and their fellow travelers. Just asking for a friend. blame donald trump 😓 V for vendetta
Source: WSJ - 🏆 98. / 63 Read more »

Treasury yields and stocks spiral lower over virus fears and Hong Kong downgradeU.S. Treasury yields are on the slide in early Tuesday trade as fears around a rapidly spreading virus in Asia along with a credit rating downgrade to the region’s premier financial center push investors into haven assets. Translation: “Spiral lower” = Dow Futures down 56 points Nah they selling because it’s been pumping nonstop on fake positive news for a couple months now, meanwhile economic data shows this market is a house of cards Find me someone who sold treasurys because of virus fears. You just make this stuff up, don't you?
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. tech stocks 'most crowded' trade for bullish investors: BofA surveyU.S. technology and high-growth stocks have been the 'most crowded' tr...
Source: Reuters - 🏆 2. / 97 Read more »