Annalee Monroe Arizona Republic Published 8:00 AM EST Dec 28, 2018 MEDIA: Web. WHO SAID IT: Christine Romans, CNN chief business correspondent. THE COMMENT: "You've got the worst quarter since 2008 and that awful, awful worst December since 1931." FORUM: TV segment on Dec. 17. WHAT WE'RE LOOKING AT: Has the stock market performed its worst December since 1931, and its worst quarter since 2008? ANALYSIS: The stock market's prolonged drops in the last months have resurfaced worries about dark economic times such as the Great Depression and Great Recession. Is the stock market that bad? AZ Fact Check takes a look. Tough quarter and blue December Christine Romans, CNN's chief business correspondent, said during a Dec. 17 segment that the stock market has had the worst December since 1931 and the worst quarter since 2008. In 2008, the Great Recession was underway and, in December 1931, the Great Depression … [Read more...] about Fact Check: What’s up with the stock market?
Stock market signs
Adam Shell USA TODAY Published 11:57 p.m. UTC Aug 15, 2018 Just as the bull market for stocks is set to become the longest in history, U.S. investors are confronted with another crisis from a far corner of the world. What's giving Wall Street the jitters this time is Turkey's plunging currency, which is down about 40 percent this year against the dollar. Despite a brief respite and nearly 8 percent rebound Tuesday, the Turkish lira's free fall is causing acute economic pain in that country's economy, the world's 17th largest, and sowing fears that Turkey's woes will spread to other countries. Those concerns are already undermining confidence in global financial markets and causing asset prices to fall, especially in emerging markets and Europe. The damage has been more muted in the U.S., however, where the Dow Jones industrial average rose 112 points Tuesday, making up some of the ground lost the prior two trading days, … [Read more...] about Turkey currency crisis: What it means for stock market and 401(k)s
The stock market closed flat Wednesday, but the Nasdaq composite eked out a gain to extend its win streak to seven sessions. X The Nasdaq added less than 0.1%, holding on to a gain even after indexes slid in the closing moments. Its close at 7888 left the index just a fraction away from the prior high at 7933 three weeks ago. The S&P 500 eased a fraction, ending a four-day win streak. The Dow Jones industrial average fell 0.2%. Walt Disney (DIS) dragged the industrials as the entertainment giant fell 2% following its earnings report. Disney's sales and earnings missed expectations, sending the stock back near a previous 113.29 buy point in a flat base. Nike (NKE), another Dow component, rose above the 81.10 buy point of a flat base. But volume was lackluster and the relative strength line did not match the stock's move to new highs. Small caps were nearly flat also, with the Russell 2000 off slightly. The index held above its 50-day moving average, which is providing some … [Read more...] about Stock Market Closes Little Changed, But This Sector Takes A Beating
Member Center:Create Account|Log InManage Account|Log Out HOMENewsU.S. & World NewsNationalInternationalHealthEntertainmentNational SportsBusinessTechnologyStrangeWar on Terror Local Stories OnlyFairfield County NewsPoliticsFace the StateFace the StateClosings and DelaysLiberty Bank Surprise Squad WFSB MobileSign up for text and mobile alertsDo you have a news tip for WFSB?Inside Channel 3Talent appearance request formContact UsIntern at WFSB!Meet the Eyewitness News TeamConnecticut Science CenterBlogsPress ReleasesTours & VisitsDo you have a news tip for WFSB?TV ListingsBirthdays and AnniversariesFCC 398 Children's Television Programming Report3CaresSomething's Brewing Birthdays and Anniversaries3 On The RadioScience SundayConnecticut Science CenterLost and Pound PetsWeatherPinpoint Doppler LivestreamInteractive RadarHurricane TrackerTechnical Discussion 7-Day ForecastPinpoint Doppler LoopClosings and DelaysWFSB RadarMaps and RadarWeather Bug iCamsEarly Warning Weather … [Read more...] about Here’s how much money you could be losing by avoiding the stock market
China kept the world’s No. 2 stock market status for four years. GREG BAKER/AFP/Getty Images Since January of this year, the total equities in China’s stock market have tumbled by over $2 trillion, and most of the loss is due to the intensifying trade and tariff disputes with the U.S. started by President Donald Trump.As of this morning, China’s total equity value ($6.09 trillion) has fallen behind that of Japan ($6.16 trillion), losing its status as the world’s second largest financial market (after the U.S. at $31 trillion), a title China had kept for just months shy of four years, Bloomberg data shows.Evidently, the shuffling of stock market ranks didn’t have much to do with Japan’s rise but with China’s fall. This year so far, China’s CSI 300 index, representing major stocks listed on the country’s two exchanges (Shanghai and Shenzhen), has fallen by more than 17 percent, while Tokyo’s Topix index is down … [Read more...] about Because of the Trade War, China Has Lost Its Status as the World’s No.2 Stock Market