Stocks fell Tuesday, setting the three major indices up for a third straight session of losses as last week’s tech-led selloff rolled on.
“While aggregate US equity future net length is not very stretched, Nasdaq net equity future positioning is close to historical highs,” the analysts said. They added that an increase in the 10-year Treasury yield off the pandemic-era lows also likely triggered a rotation out of longer-duration stocks, including growth and tech names.
Story continues“In the interest of public health, we pledge to always make the safety and well-being of vaccinated individuals our top priority,” according to the letter, signed by the CEOs of companies including AstraZeneca , Johnson & Johnson and Moderna . The information technology, energy and financials sectors led the drop in the S&P 500, as every major sector sank. Shares of Apple, Boeing and Microsoft lagged in the Dow.11:54 a.m. ET: US crude oil futures plunge by most since AprilCrude oil prices plunged alongside equities as a risk-off tone overtook markets. US West Texas intermediate crude oil futures for October delivery dropped 8% shortly before noon in New York, for the commodity’s worst one-day decline since April 27.9:45 a.m.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla stock tanks after the automaker's surprise exclusion from the S&P 500 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Every now and then either owner or comapany, do something which hit the market below the belt, making wipe off huge monies I’m not sure it was a surprise.... Sketchy accounting, fake profits, 1000x earnings, blatant bubble stock with a CEO that’s already been fined once for stock price manipulation..... He and his company are overrated. He had burned up Billions of his own and investors cash.
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 things to know before the stock market opens TuesdayTech stocks continued their rout in the premarket, with Nasdaq futures tracking for about a 3% decline at Tuesday's open. Retail dumb$ + 401ks trading other people’s$ got in at the top in July/Aug. = QuickTest of March lows in this W recovery? 🌷 Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested. Russia already has a vaccine and it’s in stage 3 trials. China has one too. FuckAmerica
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 adds three companies not named Tesla — ‘a bit of a shocker,’ analyst saysThe S&P 500 will add three new companies this month -- but none of them are $TSLA. “The Champagne was on ice to get into the S&P 500 ... This was a bit of a shocker.'
Source: MarketWatch - 🏆 3. / 97 Read more »
Which Stock-Market Sectors Should You Invest In?Tech stocks have fueled the current bull market. Now, some financial pros say midcaps and non-U.S. holdings may be ready to push the market higher. People are mad to see the new high index. They will regret for it. Health tech and education tech. How and why?
Source: WSJ - 🏆 98. / 63 Read more »