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1/04/2016 9:12 am  #1


U.S. stocks; Dow futures plunge more than 300 points as China fears re

What a way to start the new year! It's going to be a bumpy ride today.

U.S. stocks; Dow futures plunge more than 300 points as China fears return
Published: Jan 4, 2016 9:06 a.m. ET

U.S. stock futures were sliding and pointed to a sharply lower open on Monday following a market rout in Europe and Asia, where a plunge in Chinese stocks triggered a trading halt.Investors stateside were also waiting for the latest readings on the manufacturing and construction sectors.

Futures for the Dow Jones Industrial Average YMH6, -1.87%  slumped 322 points, or 1.9%, to 17,022, while those for the S&P 500 index ESH6, -1.81%  lost 36 points, or 1.9%, to 1,999. Futures for the Nasdaq 100 index NQH6, -2.20%  dropped 100 points, or 2.2%, to 4,488. Among individual stocks, shares of Tesla Motors Inc. TSLA, -4.07%  dropped 4.5% premarket after the electric car maker released delivery numbers for the fourth quarter on Sunday.

China slump: The sharp losses followed an almost 7% slide in China’s Shanghai Composite Index SHCOMP, -6.86%  on the back of a weak manufacturing reading. The slide activated a new circuit-breaker system for Chinese stocks, halting trading on the mainland for the rest of the day. European stocks also slumped.
 


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

1/04/2016 11:07 am  #2


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

I'm gonna go out on a limb here and predict that the market manipulators will engineer a turnaround in the coming days under the guise of bargain hunting for depressed stocks with upside potential.

 

1/04/2016 11:26 am  #3


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

The general consensus among economists that I've read is that it is going to be a pretty rough year for most of the world's economies. However, most seem to think the U.S. is fairly insulated due to the strong dollar and continued forecasted growth. 

We've had a good run in stocks going back 2009 so it is to be expected that we would see a dip in the next 12-24 months. 


I think you're going to see a lot of different United States of America over the next three, four, or eight years. - President Donald J. Trump
 

1/04/2016 4:58 pm  #4


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

Dow closes down triple digits, posts worst opening day in 8 years
http://www.cnbc.com/2016/01/04/us-markets.htm

U.S. stocks closed lower Monday, the first day of trade of the year, weighed by renewed concerns of global economic slowdown and increased tensions in the Middle East. An overnight drop in Chinese stocks that triggered a new circuit breaker rule also pressured sentiment."Anytime a big market stops trading and it spills over to Europe, investors are nervous," said Marc Chaikin, CEO of Chaikin Analytics."Ex-China we were expecting a positive (market). At the end of the day, except for a few companies like Caterpillar, this really shouldn't have an impact on our markets," he said.Caterpillar managed to eke out a slight gain on the day as one of the few advancing Dow components.
Dow drops 276

Last edited by Common Sense (1/04/2016 5:01 pm)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
     Thread Starter
 

1/04/2016 5:50 pm  #5


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

TheLagerLad wrote:

The general consensus among economists that I've read is that it is going to be a pretty rough year for most of the world's economies. However, most seem to think the U.S. is fairly insulated due to the strong dollar and continued forecasted growth. 

We've had a good run in stocks going back 2009 so it is to be expected that we would see a dip in the next 12-24 months. 

I don't see a great year either. China's economic model is unsustainable.
World economies and politics are very unsettled.
 


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

1/05/2016 11:26 am  #6


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

No big surprise, taking into account the way traders, hedgers, mathematicians developing algorithms, and other market manipulators determine the direction of the stock market nowadays.


Wall Street higher as investors recover from selloff

By Abhiram Nandakumar

REUTERS - U.S. stock indexes were higher on Tuesday morning as investors recovered from a bruising selloff on the first trading day of the year.

Stock markets plunged on Monday after weak Chinese economic data rekindled fears of a global slowdown, prompting a near-$20 billion injection by the People's Bank of China to stabilize its markets.

U.S. stocks closed sharply lower on Monday, with the Dow making its worst start to a year since 2008. Weak U.S. factory data also added to the worries.

Global stocks were down on Tuesday but off the lows they hit in the previous session.

"I think everybody's finally getting settled back in and they're trying to assess really how global growth is going to impact their investments for the rest of the year," said Kevin Kelly, CIO of Recon Capital Partners.

"You will see market volatility throughout the rest of the month, but you'll start to see the market have a couple of up days because people are putting money to work," he said.


Crude oil was lower as investors fretted about the state of the Chinese economy, a stronger dollar and rising tensions in the Middle East.

At 9:38 a.m. ET (1438 GMT), the Dow Jones industrial average was up 22.12 points, or 0.13 percent, at 17,171.06, the S&P 500 was up 4.5 points, or 0.22 percent, at 2,017.16 and the Nasdaq Composite index was up 9.26 points, or 0.19 percent, at 4,912.35.

Nine of the 10 major S&P sectors were higher, led by a 0.68 percent rise in health stocks.

Gilead rose 1.2 percent to $99.21 after its experimental hepatitis B drug was found safer than but as effective as its approved treatment, Viread. The stock provided the biggest boost to the S&P 500 and Nasdaq.

First Solar was up 6.5 percent at $71.08 after Goldman Sachs upgraded the stock to "buy".

Advancing issues outnumbered decliners on the NYSE by 1,703 to 958. On the Nasdaq, 1,185 issues rose and 979 fell.

The S&P 500 index showed two new 52-week highs and no new lows, while the Nasdaq recorded six new highs and 11 new lows.

(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Saumyadeb Chakrabarty)




I always enjoy the totally open ended comments by all the so-called market experts.

 

1/06/2016 4:30 pm  #7


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

It continues....

Dow Jones Industrial Average16,906.51    Down 252.15 (1.47%)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
     Thread Starter
 

1/06/2016 4:40 pm  #8


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

Darn Obama.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

1/06/2016 4:56 pm  #9


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

Thank Allah all my investments are in arms and ammo manufacturers.

Last edited by Rongone (1/06/2016 5:54 pm)

 

1/06/2016 5:15 pm  #10


Re: U.S. stocks; Dow futures plunge more than 300 points as China fears re

Smith and Wesson was down $1.15. 

Don't worry "commonsense", I'm sure some people will get slaughtered soon and you can gloat about a tidy return on investment.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

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