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
Stocks Tumble Again on Report US Plans More Tariffs
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’
- Investor Kevin O’Leary says he doesn’t think the market correction is over and he’s taking his signal from the bond market.
- He says the bond traders who take duration risk “should be the smartest guys in the world” and they aren’t worried.
- “Until the bond guys get worried and the bond lady sings, this correction isn’t over,” he says. Read More @ https://www.cnbc.com/2018/10/29/kevin-oleary-bond-market-is-signaling-this-correction-isnt-over.html
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