It is shaping up to be an ugly month for the overall equity market, but it could be an even worst stretch for the cadre of stocks that have generated the most bullish momentum for Wall Street since March.
The runner-up for worst month for the collective of stocks isn’t even close, with October 2018 seeing about $425 billion of value erased during the period. To be fair, Apple has made gargantuan moves higher since the broader market hit a coronavirus rock-bottom level on March 23. Since that point in late March, Apple has added an astonishing $934 billion to its market cap.
Tech’s stall out raises some questions about the market’s ability to make further traction higher, with the Nasdaq Composite COMP, +2.26% in correction as of Sept. 8, defined by a fall of at least 10% from a recent peak. The S&P 500 SPX, +1.59%, meanwhile, is fending off its own bout of a retrenchment into corrective territory, while the Dow came awfully close, but failed to achieve a fresh high since its Feb. 12 peak.
😆
$TSLA easy to make $$$$$. Keep talking bad about $TSLA. But I can make $10 a share each time to get in. Ha... Ha... Don't know where is to dive !
The October Effect is here. Markets are headed for another Black October.
I dropped some amazon today
Too expensive. Nothing to promo
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 Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Wall Art to Personalize Your WFH SetupMake working from home a little more stylish.
Source: TeenVogue - 🏆 481. / 51 Read more »
Tech stocks lift Wall Street as economic rebound slowsWall Street climbed in choppy trading on Thursday, with investors returning to the perceived safety of technology-related stocks as a surprise rise in weekly jobless claims signaled a slowdown in economic growth.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street closes lower on fears of a slowing economyWall Street's main indexes fell sharply on Wednesday after data showing a cooling of U.S. business activity and the stalemate in Congress over more fiscal stimulus heightened concerns about the economy while the coronavirus pandemic remains unchecked. Republicans don’t care about people
Source: Reuters - 🏆 2. / 97 Read more »
Trump stokes a new threat to Wall Street: Election chaosWall Street can deal with whoever wins the presidential election this fall. What investors can’t stomach is a rapid descent into banana republic-style chaos, in which the result is either unclear for months or Trump loses but refuses to leave office
Source: politico - 🏆 381. / 59 Read more »
Asia stocks set to trade mixed following overnight Wall Street volatilityChinese assets will be watched by investors on Friday after FTSE Russell announced Thursday that Chinese Government Bonds are scheduled to be included in the FTSE World Government Bond Index starting October 2021. Biden & Carter Why USA Democrats & British The Old sly Fox Diplomacy 1978 & ideology of left its destructive map which led to rise of criminal sect Islamic_Republic savage regime! Globalists a system which control over all human civilization Freemasons
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks poised for gains after late Wall St dashAsian stocks were set to open higher on Friday as a late Wall Street rally supported global sentiment although weak U.S. data and uncertainty about a stimulus package in Washington have kept a lid on confidence. China is getting more and more stronger. As the East falls.
Source: Reuters - 🏆 2. / 97 Read more »