S&P 500 ESc1 futures fell as much as 4.7% to 2,610 points, near the daily downlimit of 2,601 points.
After a bruising start, US stocks gradually pushed higher throughout the day while Treasury yields recovered from their lows. Two of the three major indices finished in positive territory.
U.S. stocks edged lower on Thursday after a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks.
NEW YORK: More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross. A chart pattern tracked by technical analysts and other market mavens, a death cross forms when an index’s near-term moving average of daily closing prices falls below its long-term moving average as both averages are declining. The 50- and 200-day moving averages are commonly used. On Friday, the S&P 500 Index .SPX, the U.S. benchmark for large stocks, joined the main…
NEW YORK: After a late-year rally fuelled by the US election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 per cent price gain for 2016 and around 12 per cent on a total return basis, including reinvested dividends. That tops the single-digit increase expected by market participants polled by Reuters a year ago, with more than half of the advance coming after Donald Trump's Nov. 8 presidential…
NEW YORK: Oil prices continued to fall on Wednesday, driven in part by elevated US crude inventories and Saudi Arabia's record oil production.