Nervous Investors Punish GE, Netflix, and Viacom

Nervous Investors Punish GE, Netflix, and Viacom

Market Moves While the broader market traded into a tighter range, some stocks plunged deeper into new monthly lows Thursday as mounting nervousness among investors becomes ever more apparent. The session was marked by tepid movement in response to some good news in consumer sentiment and a solid earnings report from Walmart Inc. (WMT). However, Cisco Systems, Inc. (CSCO) surprised the market after yesterday’s close, and not in a good way.  Cisco’s earnings report included guidance for weaker performance in the coming quarter. This information precipitated a sell-off that closed…

Yields and Stocks Resume Slide

Yields and Stocks Resume Slide

Market Moves Stocks took another major tumble on Monday, following last week’s surge in volatility, as persistent economic concerns pummeled investor sentiment. The sell-off was driven by a combination of persistently escalating trade and currency tensions between the U.S. and China, intensified anti-government protests in Hong Kong that led to cancellations of all departures from the city’s international airport, and bond yields that continue to plunge. Relentlessly falling yields remain a serious problem for investors, as they underscore expectations of an economic downturn and potential recession brought on by slowing…

Trump Tweet Terrifies … Again

Trump Tweet Terrifies ... Again

Market Moves President Trump’s tweets, issued just after lunch New York time, gave traders a bit of heartburn. The tweets explained how the trade talks between U.S. and China will precipitate the application of a 10% tariff on $300 billion dollars of goods coming from China to the U.S. beginning Sept. 1. Up until that moment, U.S. market indexes were on pace for 1% to 2% gains for the day, giving way to speculation that many stocks, and the indexes themselves, were targeting new highs. After the tweets, the tide…