Each of the S&P 500, Dow and Nasdaq ended the regular session at record closing highs

Overnight stateside, the Dow Jones Industrial Average rose 257.86 points to a new closing high of 31,188.38. The S&P 500 also gained 1.4% to a record close of 3,851.85. The Nasdaq Composite soared almost 2% to finish its trading day at 13,457.25, also touching a fresh record. The moves came as Biden was sworn in as the 46th president of the United States.

SGX firms' Q1 profits skid almost 40%; Q2 expected to worsen

Read? SGX firms' Q1 profits skid almost 40%; Q2 expected to worsen

Dow rises more than 400 points despite record job losses, posts first weekly gain in three

Stocks rose on Friday even after the ugliest monthly jobs report ever as investors bet the worst of the coronavirus and its impact on the economy has passed.

The Dow Jones Industrial Average jumped 455.43 points, or 1.9%, to 24,3331.32, closing near its session high. The S&P 500 gained 1.6%, or 48.61 points, to 2,929.80, while the Nasdaq Composite climbed 1.5%, or 141.66 points, to 9,121.32.

All three averages posted their first weekly advance in three. The Dow and S&P 500 were up 2.5% and 3.5% for the week, respectively, while the Nasdaq jumped 6%.

Dow futures point to 700 point opening loss following market’s worst day since ‘Black Monday’

Read? Dow futures point to 700 point opening loss following market’s worst day since ‘Black Monday’


Stock futures pointed to more pain ahead on Friday as they fell in overnight trading following major averages losing the most since the “Black Monday” market crash in 1987.

As of 10:05 p.m. ET Thursday, futures on the Dow Jones Industrial Average fell 593 points, pointing to an implied opening drop of 705.62 points for the index on Friday. S&P 500 and Nasdaq-100 futures also pointed to another day of sharp losses for the indexes.

The overnight action followed the official end of the record-long bull market run. The S&P 500 plummeted 9.5% in its worst day in more than three decades Thursday, joining the Dow in a bear market, or more than 20% from its recent peak. The Dow also suffered its worst point drop ever and the biggest percentage decline since 1987.

Dow drops 1,400 points and tumbles into a bear market, down 20% from last month’s record close

CW8888 : Finally , Uncle DOW has joined the Small Brother STI in Bear Party! LOL!


The coronavirus-induced sell-off reached a new low on Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth resulting from the outbreak.

The Dow Jones Industrial Average tumbled 1,464.94 points, or 5.9%, to close at 23,553.22. The 30-stock average closed in a bear market, down more than 20% below the record close set only last month and putting to end an expansion that started in 2009 amid the financial crisis.

Britain’s best known stockpicker posts apology on Youtube after suspension of flagship fund

CW: Past performance doesn't guarantee success in future market cycles. Market is always changing! 

Read? Britain’s best known stockpicker posts apology on Youtube after suspension of flagship fund

Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge

Read?Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge


Warren Buffett's Berkshire Hathaway is set to lose more than $3 billion in a single day after Kraft Heinz revealed a string of disappointing news.

Stock of the packaged food giant, whose products include Heinz Tomato Ketchup and Kraft Macaroni & Cheese, plunged more than 24 percent before the bell.

And for Berkshire — which owned more than 325 million shares at the end of 2018 — the losses will be steep.

"They're still very, very good businesses," Buffett said of his consumer staple holdings Kraft Heinz and Coca-Cola as recently as May 2018.

Dow plunges more than 500 points, erases gain for 2018

The Dow Jones Industrial Average and S&P 500 fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while some of the most popular tech shares dropped again.

The 30-stock Dow dropped 551.80 points to 24,465.64 and the S&P 500 plunged 1.8 percent to close at 2,641.89. The Dow and S&P 500 were up 1.2 percent and 0.6 percent, respectively, for 2018 entering Tuesday. Meanwhile, the Nasdaq Composite also dropped 1.7 percent to 6,908.82 but managed to hang on to a slight gain for 2018. Tuesday's declines come after the Dow dropped 395 points on Monday.

Stocks hit their lows of the day after Doubleline Capital founder Jeffrey Gundlach said stocks are still too expensive, adding there has not been a "panic low" yet. The Dow was down nearly 650 points at its session low, while the S&P 500 and Nasdaq had both dropped more than 2 percent.

Target fell 10.5 percent after reporting weaker-than-expected earnings for the previous quarter. The company also posted lighter-than-forecast same-store sales, which is a key metric for retailers.

The decline sent the SPDR S&P Retail ETF (XRT) down 3.4 percent. Kohl's, L Brands and Macy's — which are also in the XRT — fell 9.2 percent, 17.7 percent and 3.4 percent, respectively. Retail's steep decline comes ahead of the holiday shopping season, a critical period of the year for these companies.

Read? Dow plunges more than 500 points, erases gain for 2018

FAANG bear market

Each of the five 'FAANG' stocks – Facebook, Amazon, Apple, Netflixand Google-parent Alphabet – slipped into a bear market during Monday trading. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high.

Leverage For Higher Income???

Asian Pay Television Trust

SGX: S7OU

0.16 SGD −0.16 (49.21%)


With this type of drop of 49% in one day; how does margin calls work for this scenario?

Forced selling?

Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon

CW8888: Few more trading days to go before October Effect ended.


Stocks plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings added fuel to this month's steep pullback.

The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The S&P 500 dropped 3.1 percent to 2,656.10 and also turned negative for the year. The Nasdaq Composite fell 4.4 percent to 7,108.40— entering correction territory — as Facebook, Amazon, Netflix and Alphabet all traded lower.

"An increasingly murky macro picture is clouding the 2019 earnings outlook leaving investors to largely shrug off a solid start to the third quarter earnings season," said Alec Young, managing director of global markets research at FTSE Russell. "While valuations have certainly come down in recent weeks, at 16 times forward earnings for the Russell 1000 index, they aren't in the bargain basement by any means, especially if earnings growth slows more than expected next year."

Stocks have taken a beating this month. The Dow has dropped 7.1 percent in October, while the S&P 500 has pulled back 8.9 percent. The Nasdaq, meanwhile, has tumbled 11.7 percent.

Netflix tumbled 9.4 percent as investors second-guessed valuations for the once high-flying video streamer. Facebook and Alphabet both fell more than 5 percent, while Apple dropped 3.4 percent. AT&T, meanwhile, dropped more than 8.1 percent after releasing its quarterly results.

Worries about a slowing economy under pressure from rising interest rates grew after the Commerce Department said new home sales fell to a two-year low. The data also hit homebuilder stocks.The SPDR S&P Homebuilders ETF (XHB) dropped 3.5 percent.

"The housing numbers were not good," said JJ Kinahan, chief market strategist at TD Ameritrade. "There's a lot of uncertainty heading into the end of the year. It just feels like people feel more comfortable spending short-term rather than long term."

Bank shares fell on fears of slowing growth for mortgage and other loans. The SPDR S&P Bank ETF (KBE) dropped 4.1 percent. Shares of J.P. Morgan Chase and Citigroup both pulled back more than 1.5 percent. Bank of America's stock dropped 3.1 percent.

Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points

Stocks fell sharply on Thursday in a second straight scary day on Wall Street as investors dumped equities around the globe because of fears of rapidly rising interest rates, a possible global economic slowdown and overly ambitious tech valuations.

The Dow Jones Industrial Average closed 545.91 points lower at 25,052.83, bringing its two-day losses to more than 1,300 points. The S&P 500 dropped 2.1 percent to 2,728.37 and posted its sixth straight decline. The broad index also closed below its 200-day moving average for the first time since April. The Nasdaq Composite pulled back 1.3 percent to 7,329.06 and briefly entered correction territory at its lows on Thursday.

The Dow fell as much as 698.97 points at its lows of the day. The indexes bounced after a report said President Donald Trump and Chinese President Xi Jinping would meet at next month's G-20 summit, briefly giving traders hope a full-blown trade war with the country could be avoided.

CW8888: October Effect really arh in 2018?

October, a month known for major market sell-offs in the past, has been a brutal month for investors so far. The S&P 500 has lost 6 percent during the month so far and is now higher by just 2 percent for 2018.

Dow plunges more than 800 points in worst drop since February, Amazon and tech shares lead the rout

Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in eight months.

The Dow Jones Industrial Average closed 831.83 points lower at 25,598.74 as Intel and Microsoft fell more than 3.5 percent each. The Nasdaq Composite plummeted 4 percent to 7,422.05.

HDB 4 Room Rental Soften???

Uncle8888 recently bumped into his long time no see neighbor who is living a few floors below him. 

After some chatting; he came to know that his neighbour has been living at her mother's place and rented out the entire 4 room flat.

That day; she came back to her unit to settle down her new tenant. 

Uncle8888 asked her about the rental rate. She said that the current rental is $2,000. The previous rental was $2,800. 

Down by 29%!

Facebook's $100 billion-plus rout is the biggest loss in stock market history

Read? Facebook's $100 billion-plus rout is the biggest loss in stock market history


Walau!


Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.

On Sept. 22, 2000, Intel shed $90.74 billion in market value as the dot-com bubble burst. Earlier that year, Microsoft lost $80 billion from its market cap in one day.

Other companies that have experienced similar one-day losses in dollar amount include Apple in 2013, when it lost $59.6 billion, and Exxon Mobil in 2008, when it lost $52.5 billion.

Facebook's enormous loss in value came a day after the company reported weaker-than-expected revenue for the second quarter as well as disappointing global daily active users, a key metric for Facebook. The company also said it expects its revenue growth rate to slow in the second half of this year.

Chinese stocks enter bear market as trade war heats up

The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day.

Read? Chinese stocks enter bear market as trade war heats up


Which stock market will follow soon?

Fed hikes rates, points to two more increases by year's end

The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point.

The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May.

The central bank points to two more hikes, which would bring the 2018 total to four increases.

Sitting on a record amount of cash.

Is OK to sit on lots of cash?

Read? Warren Buffett has enough firepower to do a $160 billion deal this year

Bitcoin is not an investment we would advise, UBS chairman says

Read? Bitcoin is not an investment we would advise, UBS chairman says

CW8888: This man said it correctly!

UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank's chairman told CNBC Tuesday.

Speaking at the World Economic Forum in Davos, UBS Chairman Axel Weber said the bank makes a clear distinction between institutional and retail clients when it comes to investing in bitcoin.

"We do make that distinction, there's institutional clients and if they want to invest in (bitcoin) — they are grown-ups, I mean they know what they are doing, they have the capability of judging this risk — and if they ask us to help them access, to enter these markets, we need to look at that differently than retail clients," Weber told CNBC.

"Retail clients, who don't fully understand these products should be protected from going into these products, because if there is a retail client affected in the future, the question will be again who was the bank that sold them these products and then banks will be blamed again for what has happened," Weber said in reference to some banks being criticized for selling complicated financial products prior to the global financial crisis without explaining them in full.

Weber warned that "clearly with bitcoin, this is a speculative investment; I don't call it currency and retail clients do not have the risk bearing capacity nor the knowledge to invest in that."


Though UBS allows institutional clients to trade bitcoin, Weber made it clear that "this is not an investment we would advise."

$24 million iced tea company says it's pivoting to the blockchain, and its stock jumps more than 200%

Read? $24 million iced tea company says it's pivoting to the blockchain, and its stock jumps more than 200%

Walau! Sound like dotcom era liao!