Dow suffers worst month since March 2020

New York CNN Business — September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when pandemic lockdowns started in the United States. The index ended Friday deeply in the red, too. The Dow, a widely watched barometer of America’s stock market that includes corporate giants … Read more

Underperformance is ‘abysmal’ in the long run for active fund managers

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA US Scorecard, which measures how well US actively managed funds perform against … Read more

Charts suggest it’s ‘way too early’ for the market to rebound

CNBC’s Jim Cramer on Friday warned investors that the stock market is unlikely to recover anytime soon. “The charts, as interpreted by Mark Sebastian … suggest that this market’s got more downside, and it’s way too early to go really bullish,” he said. related investing news Chart analysts say the breakdown in Apple’s stock may … Read more

How to protect your 401(k) in a bear market

Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp … Read more

Dow on track for its worst month since March 2020

New York CNN Business — September has been a horrible month for stocks. The Dow is on track to fall more than 8%, its worst monthly drop since March 2020, when pandemic lockdowns started in the United States. The index was in the red Friday too. The Dow, a widely watched barometer of America’s stock … Read more

Nike is going on sale, and its stock is plunging

New York CNN Business — Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves. Nike (NKE) said Thursday its inventory levels soared 65% in North America, its largest market, and 44% overall last quarter from a year ago. After navigating limited supply in 2021 Nike is now … Read more

Carnival shares fall on ballooning costs, dragging cruise stocks lower

The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs associated with inflation, supply chain … Read more

Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began

Hong Kong CNN Business — Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising global recession fears. The MSCI Asia ex-Japan Index — which captures 10 major markets across Asia, excluding Japan — has fallen 12.8% so far this month, on track to … Read more

Stock futures are lower following Thursday’s broad sell-off

Stock futures were lower on Friday morning following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures tied to the S&P 500 were down 0.25%. Dow Jones Industrial Average futures lost 0.36% or 106 points. Nasdaq 100 futures were 0.26% lower. The 2022 sell-off resumed in full force during regular … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more