Dow closes more than 500 points lower as tech pressure mounts, Apple slides 4%

The S&P 500 and Dow are down 7.5% and 5.9%, respectively, for the month. The Nasdaq has dropped 9.7% over that time period. Shares of Facebook, Amazon, Apple, Netflix, Alphabet and Microsoft are all down at least 11% in September.

"This rotation out of tech and into cyclical stocks has picked up legs in September," said Art Hogan, chief market strategist at National Securities. He added that "September is a historically tough month and this one has been a quagmire of headwinds. Today is reflective of that." Investors have faced a slew of headwinds this month, including a rising number of global coronavirus cases and uncertainty around new U.S. fiscal stimulus.

Earlier this week, the U.K. said it would impose stricter measures to curb the coronavirus outbreak. To be sure, President Donald Trump said the U.S. would not be implementing a second round of lockdowns. "The U.K. just shut down again. They just announced that they're going to do a shutdown, and we're not going to be doing that,"On the stimulus front, lawmakers are still struggling to move forward with a new package.

"We've come a long way pretty quickly, and that's great. But there's a long way to go. So I just would say we need to stay with it, all of us. The recovery will go faster if there's support coming both from Congress and from the Fed," Powell saiddigital sales surged more than 80% last quarter. Earnings and sales blew past analysts expectations last quarter and the company gave a forecast for growth in the new fiscal year.

Uh oh time for the 'analysts' to pile into the shows to say 'this looks like a great buying opportunity!'

That is normal ,because your media never report Stocks when it go up sharply. Biased media.

the wealthy would like to remove profits before the really big fall, which is coming this fall season, watch!

ClosingBell

Looks like the market is in for more volatility in the coming days...

Great question from SaraEisen to ReformedBroker Josh_Brown. Josh is not so active on twitter of late. I wonder if he has a chapter in his new book titled 'the risk free trade- investing money risk free with the Fed PPP put where he describes how to fill out a PPP application.

Even the stock market knew the Breanne Taylor stuff was bogus today

Just another WS con job

Black day coming

Tomorrow black day , Asia continue this . But see dollar up

Remember when a 500+ drop (twice in 36 hours) was considered a 'correction'?

tomorrow BLACK THURSDAY , SEE INDICES DOWN , see dollar strong

Buy buy buy

Trump's America in action

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