Published 5:00 am CDT, Wednesday, October 31, 2018 Ask the Fool Reorganizing the S&P 500 Q: I heard that the S&P 500 recently reorganized itself. What does that mean? -- A.B., Winona, Minn. A: The Standard & Poor's 500 index of 500 big companies is adjusted regularly, with some companies being removed from the index while others are added to replace them. For example, Twitter was added to the index in June to replace Monsanto, as Monsanto was being acquired by the German company Bayer and would no longer be a stand-alone company or stock. The index recently underwent a bigger transformation than usual, though, as it changed how it classifies and groups certain companies. Gone is the Telecoms sector, replaced by a new Communications Services sector. The new sector will contain not only companies that provide various communication platforms but also companies offering media content. Some of its components will be Comcast, AT&T, Verizon Communications, Walt … [Read more...] about Ask the Fool: What’s with the S&P 500 reorganization?
Oct 29, 8:29 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Lewis Krauskopf 10/29/18 AT 7:58 PM U.S. stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about U.S.-China trade policy tensions and a sharp drop in the big technology and internet shares.Following a morning rally, major U.S. indexes pulled back steeply after a Bloomberg report that the U.S. is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter.“Obviously this trade skirmish is metastasizing potentially into something worse than it already is,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.After the S&P 500 dropped more than 10 percent from its Sept. 20 record closing high during the … [Read more...] about Wall Street Drops On Trade Worries, S&P 500 Nears Correction
Oct 28, 1:01 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Caroline Valetkevitch 10/27/18 AT 1:00 AM NEW YORK - The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for U.S. stocks.During the session, the benchmark S&P 500 fell more than 10 percent from its Sept. 20 record closing high, but pared losses to end above that level. A finish of 10 percent or more below its all-time closing high would confirm a correction.The Nasdaq registered its biggest weekly drop since March 23 after confirming a correction earlier in the week.Grim results late Thursday from Amazon.com Inc (AMZN.O) and Alphabet Inc (GOOGL.O), two stocks that have helped power the equity markets decade-long bull run, sparked the day’s selloff and overshadowed data showing the U.S. economy continued to grow … [Read more...] about Wall Street In Review: S&P 500 Ends At Lowest Since May As Tech, Internet Stocks Tumble
Alex Veiga, Ap Business Writer Updated 11:37 am PDT, Friday, October 26, 2018 Trader Gregory Rowe, left, works on the floor of the New York Stock Exchange, Thursday, Oct. 25, 2018. Strong results from major companies including Microsoft, Visa and Comcast are sending U.S. stocks higher Thursday morning as the market found its footing after three weeks of steep declines. less Trader Gregory Rowe, left, works on the floor of the New York Stock Exchange, Thursday, Oct. 25, 2018. Strong results from major companies including Microsoft, Visa and Comcast are sending U.S. stocks higher ... more Photo: Richard Drew, AP FILE- In this Oct. 10, 2018, file photo specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange. So far this month, high-growth stocks in the Russell 3000 index have plummeted 11.3 percent, versus 7.5 percent for their lower-priced counterparts known as … [Read more...] about Stocks slump again, putting S&P 500 back into red for year
No bull: More than two-thirds of the S&P 500's individual stocks are now either in a "correction" or a bear market. More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, according to a recent analysis from Reuters. Within that group around 180 stocks are now in bear market territory, with their shares having lost more than 20 percent of their value since hitting their 52-week high. A bear market is one where stock prices decline at least 20 percent from their recent peak. A correction is when shares drop at least 10 percent from their recent highs. Shares on Thursday opened higher, regaining some of the ground lost earlier this week. For some investors, the slump in S&P 500 companies' shares is a bright red flag. Their chief concern is that U.S. and global economic growth has hit its high-water mark for the current business cycle and is already starting to … [Read more...] about The hidden bear market: Most S&P 500 stocks are in “correction”