United States  

S&P ends lower after flirting with record

Video Credit: Reuters Studio - Duration: 01:30s - Published
S&P ends lower after flirting with record

S&P ends lower after flirting with record

The S&P 500 ended slightly lower Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems. Fred Katayama reports.


You Might Like


💡 One News Page Knowledge: Other News Mentions

S&P 500 Index S&P 500 Index Stock market index

Stock market battered: Dow Jones down as banks suffer, economic concerns grip investors

Stocks are falling sharply in early trading on Wall Street Monday, joining a global tumble for markets as the S&P 500 sinks nearly 2%.

USATODAY.com
Wall Street Confident Stocks Are On Course [Video]

Wall Street Confident Stocks Are On Course

Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by losses in the technology sector. But Goldman Sachs, Wells Fargo and Deutsche Bank are upbeat the US stock market sell-off is mostly over. Goldman Sachs kept its end-of year S&P 500 target to 3,600 by year end.

Credit: Wochit News    Duration: 00:27Published
Reasons To Be Bullish On Stocks [Video]

Reasons To Be Bullish On Stocks

2020 has been a wild ride for stocks. Business Insider reports that the market continues to face risks stemming from the COVID-19 pandemic. There is also election uncertainty, and the potential for heightened trade tensions with China. BI reports that investors should continue to hold on for the potential of more gains ahead. In a note, investment group LPL raised its year-end S&P 500 fair-value target to a range of 3,450 to 3,500, the note said.

Credit: Wochit News    Duration: 00:34Published
How Much Higher Could The S&P500 Climb? [Video]

How Much Higher Could The S&P500 Climb?

According to Business Insider, JPMorgan expects the S&P 500 to rise another 6% from current levels to a record 3,600 before the year is over. The S&P500's earnings recovery is "ahead of expectation." Tech stocks have done well, boosting the index. The S&P500 will continue to support its recovery while other sectors gain through the second half of the year, they added. JPMorgan expects S&P 500 firms' margins to fully recover from the pandemic by the second half of 2021.

Credit: Wochit News    Duration: 00:28Published
The S&P 500 Could Face Double Digit Corrections [Video]

The S&P 500 Could Face Double Digit Corrections

CFRA's Sam Stovall said that the recent S&P 500 pullback may be converted into a "low-level, double-digital correction." According to Business Insider, Stovall said that this will be an opportunity for investors to buy, not "bail." He feels the Fed is likely to keep interest rates low for the next few years. Stovall added that recent S&P 500 sell-off was not surprising. For Stovall, the "extreme" difference between price returns for growth stocks versus value stocks made the market vulnerable.

Credit: Wochit News    Duration: 00:27Published

Cisco Systems Cisco Systems American multinational technology company


Fred Katayama journalist

U.S. jobless claims unexpectedly rise [Video]

U.S. jobless claims unexpectedly rise

The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:13Published
Apple critics unite to challenge App Store fees [Video]

Apple critics unite to challenge App Store fees

A group of Apple's critics - including Spotify Technology, Match Group and "Fortnite" creator Epic Games - have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge the iPhone maker's App Store practices. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:10Published
Tik Tok sets lofty goal: 25,000 new U.S. jobs [Video]

Tik Tok sets lofty goal: 25,000 new U.S. jobs

Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they possibly create 25,000 new jobs in the United States? Fred Katayama reports.

Credit: Reuters Studio    Duration: 02:16Published
Wall Street ends lower on stimulus fears [Video]

Wall Street ends lower on stimulus fears

Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published

Related news from verified sources

U.S. stocks end trading day mostly lower as run at record fizzles


MarketWatch - Published

S&P 500 Index: Risk for a correction lower ahead record high at 3394 – Credit Suisse

Read more on https://www.fxstreet.com
FXstreet.com - Published

Nasdaq, S&P 500 Climbing To New Record Intraday Highs

Stocks have moved mostly higher in morning trading on Wednesday, with the Nasdaq and the S&P 500...
RTTNews - Published


Tweets about this


Related videos from verified sources

S&P 500 Closes At Record High [Video]

S&P 500 Closes At Record High

On Thursday, the S&P 500 extended its record highs. Federal Reserve Chair Jerome Powell spoke at this year's virtual Jackson Hole symposium. Business Insider reports that Powell outlined the central..

Credit: Wochit     Duration: 00:37Published
New US Home Sales In July Highest In Nearly Fourteen Years [Video]

New US Home Sales In July Highest In Nearly Fourteen Years

Despite record unemployment, July sales of new homes in the US have hit the highest rate in nearly fourteen years. Sales jumped the most in the Midwest, soaring 58.8% to 127,000 units. Home sales..

Credit: Wochit     Duration: 00:38Published
Mortgage Rates Fall to a Record Low Rate for 8th Time in 2020 [Video]

Mortgage Rates Fall to a Record Low Rate for 8th Time in 2020

Mortgage Rates Fall to a Record Low Rate for 8th Time in 2020 The average interest rate for a 30-year fixed-rate mortgage fell to 2.88 percent last week. Just a year ago, the rate for the same..

Credit: Wibbitz Top Stories     Duration: 00:59Published