Tag: M

US stock market report August 14 2019

Heavy losses and a strong sell-off for the US stock market as fears about a recession due the the bonds yield inversion sent stocks to much lower levels.

Main yield curve inverts as 2-year yield tops 10-year rate, triggering recession warning.

Earlier Wednesday, the yield on the benchmark 10-year Treasury note was at 1.623%, below the 2-year yield at 1.634%.
The last inversion of this part of the yield curve was in December 2005, two years before a recession brought on by the financial crisis hit.
A recession occurs, on average, 22 months following such an inversion, according to Credit Suisse.

Source: CNBC

This is the summary of the US stock market at close on Wednesday August 14 2019:

• S&P 500: 2,840.60,-85.72(-2.93%)
• Dow 30: 25,479.42,-800.49(-3.05%)
• Nasdaq: 7,773.94,-242.42(-3.02%)
• Russell 2000: 1,467.52,-43.05(-2.85%)
• 10-Yr Bond: 1.581,-0.099(-5.8928%)
• Vix: 22.10,+4.58(+26.14%)

Stocks gainers

China Petroleum & Chemical Corporation (SNPMF) was the stock with largest gains closing at $0.5800+$0.0280 (+5.07%).

Stocks losers

Kerry Properties Limited (KRYPF) was the stock with largest losses closing at $3.4300-$0.6900 (-16.75%).

Stock investing – Most active stocks

Macy’s, Inc. (M) was among the most active stocks closing at $16.80-$2.56 (-13.22%).

U.S. Sectors & Industries Performance

All sectors closed lower as selling pressure for stocks was persistend during the whole trading session. Energy was the worst performing sector -4.12%, Utilities was the best performing sector -0.94%, Source: Fidelity. 

US stock market earnings today

Some of the companies releasing earnings today are Walmart (WMT), Nvidia (NVDA), Alibaba (BABA), JCPenney (JCP), Tapestry (TPR) and Applied Materials (AMAT).

Stock market news

• Stock Markets, Jolted by Economic Worry, Suffer 2nd Worst Drop of 2019
• Recession ahead? Dow, stocks tank on fears that bond market signals a downturn
• After the yield curve inverts — here’s how the stock market tends to perform since 1978

Stock market data

All data about stocks , stock investing is taken from Yahoo finance and stockcharts.com.

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This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist