As Stock Selling Continues, Gains for 2018 Are Wiped Out.
'The stock market’s gains for 2018 were erased in early trading on Tuesday, as a sell-off led by giant technology stocks continued. The renewed declines in the United States came after drops in Asia and Europe.
The tumble of more than 1 percent in the S&P 500 followed a sell-off in high-flying technology stocks like Google, Apple and Amazon in the United States on Monday, as investors weighed the prospects for increased regulation, trade tension and threats to the profit outlook for the large technology firms that exert a large influence on major market indexes.
The pain continued for such companies on Tuesday with Apple and Amazon falling by more than 4 percent in early trading. But a new area of concern also flared up after the retailer Target reported third-quarter sales and profit that missed Wall Street expectations. Target’s shares dove by more than 10 percent.
The softness in retail shares reflects growing investor concern that the strong American economy — which has so far shrugged off Federal Reserve interest rate hikes and signs of weakness in China and Europe — is likely to face increasing challenges in 2019, as the impact of Federal tax cuts and spending increases diminishes.'
https://www.nytimes.com/2018/11/20/business/stock-markets.html?action=click&module=Top%20Stories&pgtype=Homepage
S&P 500
-1.33%
Dow
-1.82%
Nasdaq
-0.96%
THANKS for my Federal Government pension, Social Security, and survivor benefits from my deceased husband's Federal Government account.
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