The Dow Jones Industrial Average and S&P 500 were under pressure on Tuesday as stocks benefiting from the economic reopening fell broadly.
as stocks benefiting from the economic reopening fell broadly. The Dow fell 300 points or 1.1%, snapping a 6-day winning streak. The 30-stock average was dragged down by a 5.9% drop in Boeing.
"After such a ferocious run in recent weeks, the stock market was overdue for a correction or at least a pause," Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. "Upside price momentum was becoming extreme and sentiment indicators a bit too bullish. Profit-taking won over today, particularly in those economically-sensitive area which have done the best in recent weeks.
"Being overweight stocks most sensitive to an economic revival worked well in recent weeks but not earlier in the year and not today," added Paulsen. "Alternatively, owning high-growth, new-era stocks worked well earlier in the year and did very well today but not in the last couple weeks."with markets watching for news on several fronts.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Dow futures rise as stock market aims to add to rally headed into Fed weekU.S. stock-market futures rise Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq that concluded...
続きを読む »
Wall Street expects trillions more in stimulus from the Fed, Congress: CNBC Fed SurveyThe Fed's two-day meeting begins Tuesday and a new survey shows that market participants expect trillions more in stimulus from both the central bank and Congress. CNBC's Steve Liesman reports.
続きを読む »
Stock market live Monday: S&P 500 goes positive for the year, Dow up 450, Nasdaq new highU.S. markets continued to grow as optimism mounts over a recovering economy. Here's four experts on what's behind the rally.
続きを読む »
U.S. Stock Futures Edge Higher After Last Week’s RallyU.S. stock futures post muted gains following last week’s rally as investors assess whether there may be a second wave of coronavirus infections
続きを読む »
Stock-market investing playbook, picks for recovery: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Fed says beating pandemic is key, but how will it know things are better?With a full three months of responding to a global pandemic under their belt, U.S. Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.
続きを読む »