General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow sinks nearly 600 points as U.S.-China trade, falling 10-year yield spook investors
https://www.marketwatch.com/story/dow-futures-drop-100-points-as-doubts-over-us-china-trade-deal-emerge-2018-12-04How are the benchmarks faring?
The Dow Jones Industrial Average DJIA, -2.07% skidded 552 points, or 2.1%, to 25,268, while the S&P 500 index SPX, -2.04% dropped 61 points, or 2.2%, to 2,728. The Nasdaq Composite Index COMP, -2.37% tumbled 200 points, or 2.7%, to 7,243.
Now down over 600pts.
10 yr yield heading to 2.9% quickly. below 200-day moving average.
Roland99
(53,342 posts)Roland99
(53,342 posts)Achilleaze
(15,543 posts)frikking republicans pissing on America's economy. As usual.
gratuitous
(82,849 posts)Don't you want America to be great again? Just listen to President "Trade Wars Are So Easy to Win" Trump.
Roland99
(53,342 posts)Dow transports plunge toward biggest-ever point drop, led by UPS and FedEx selloffs
https://www.marketwatch.com/story/dow-transports-plunge-toward-biggest-ever-point-drop-led-by-ups-and-fedex-selloffs-2018-12-04
Wadewitz cut his ratings on Werner Enterprises Inc. WERN, -4.80% Knight-Swift Transportation Holdings Inc. KNX, -9.73% and Hub Group Inc. HUBG, -10.55% to neutral from buy, while slashing his price target on Werners stock by 14% to $36, on Knight-Swift by 16% to $36 and on Hub by 24% to $48. He also lowered his targets on Schneider National Inc. SNDR, -9.79% by 16% to $26 and on J.B. Hunt Transport Services Inc. JBHT, -4.09% by 14% to $124.
We believe that the combination of incremental expansion capacity and increasing risks to freight demand point to a softer truckload pricing environment in 2019 which could result in either low single digit pricing gains or a modest decline in rates in the 2019 bid season, Wadewitz wrote in a note to clients.
Roland99
(53,342 posts)DJIA essentially 0% return YTD
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