Monday's sell-off was the worst since September, but the behavior of small cap stocks may be a signal the pullback is not likely to be much more severe and the stock market could soon head higher.
The Dow and S&P 500 failed to hold support at their 50-day moving average, but the small cap Russell 2000 held above that level, a sign of strength.Spencer Platt | Getty Images In Monday's blustery sell-off, the Dow and S&P 500 fell below an important trend indicator - but not the small cap Russell 2000.
That gives more heft to the belief of some technical strategists that small caps are signaling a broadening of market participation that should help take the entire stock market higher.
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:
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.
Dunkin’ Brands, Hasbro, Apple: What to Watch When the Stock Market Opens TodayS&P 500 futures are falling as coronavirus cases surge in the U.S. and Europe, while stimulus hopes fade. I know melburnians are excited but this is a bit bullish migga Please help! Please retweet/share! 8-months-old baby Joshua is battling acute lymphocytic leukemia, a type of blood cancer. His life is dependent on chemotherapy & a stem cell transplant. Help Joshua's family in offsetting the cost of his treatment here: bottom middle
Source: WSJ - 🏆 98. / 63 Read more »
5 things to know before the stock market opens MondayIt's a busy week ahead on Wall Street with about a third of the S&P 500 companies reporting earnings and the government releasing its first look at third-quarter GDP. Joe Kernen is biased. That is wrong. For Your Free Debt Consolidation Call Toll Free 855 993 0450 Mon. - Fri. 9:00am - 7:00pm EST, Saturday 10:00am - 2:00pm EST Have Statements Available
Source: CNBC - 🏆 12. / 72 Read more »
A look at stock market history around elections and whether politics really matterEd Clissold, Chief U.S. Strategist for Ned Davis Research, breaks down the history of election's impact on markets. the last 2 times we changed president, the markets moved more than 20% the remainder of the year. (down for Obama, and up for Trump) Here's a graph showing an instantaneous market reaction to an election: Ok now compare to the last time trillions in central bank money has been unleashed leading into an election.....and mix in a pandemic, and mass unemployment just for fun. 'But this time is different'
Source: CNBC - 🏆 12. / 72 Read more »
Showbiz, Tech Shares Sink As COVID Jitters Slam Market; Big Week For EarningsA broad market plunge dragged showbiz shares lower Monday from big media to broadcasters, exhibition, social media and streaming. Investors are fretting about a U.S. spike in coronavirus infections…
Source: DEADLINE - 🏆 109. / 63 Read more »
Industrials lead market sell-off, but these stocks could be about to bounce backAs industrials slide Monday, Ari Wald of Oppenheimer and Michael Bapis of Vios Advisors at Rockefeller Capital share their top rebound picks. Would that make it a dead CAT bounce?
Source: CNBC - 🏆 12. / 72 Read more »