Wall Street drops on trade worries, S&P 500 nears correction

U.S. stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about U.S.-China trade policy tensions and a sharp drop in the big technology and internet shares. Read More @ https://www.reuters.com/article/us-usa-stocks/wall-street-drops-on-trade-worries-sp-500-nears-correction-idUSKCN1N31EQ?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

NEW YORK — Stocks sank again Monday on fears that the Trump administration will escalate its trade dispute with China by imposing tariffs on all remaining imports from China to the U.S. The declines came during another dizzying day of trading. The Dow Jones Industrial Average swung between a gain of 352 points and a loss of 566 before closing down 245.39 points, or 1 percent, to 24,442.92. Read More @ https://www.nytimes.com/aponline/2018/10/29/world/asia/ap-financial-markets.html?partner=rss&emc=rss

Kevin O’Leary: Bond market is signaling ‘this correction isn’t over’

WHAT IS THE PSEi CHART SAYING TODAY?

 

The PSEi fall is not over yet; we will start buying the Index when the price corrects to 6500 or lower; meantime we focus on good companies like San Miguel, SM, Ayala and for the Banks – MBT, BDO & BPI – We have published all our stock picks at https://www.ethostop.com
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