Experts point out that while the market has dropped sharply, it still has a long way to go before a sustainable bottom can be reached.
Several chart strategists are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before a sustainable bottom can be reached.
The sharp drop pushed the broad market index through key technical support levels and dented a massive year-to-date rally in stocks. Several chart analysts are pointing out that while the market has dropped sharply over the the past few days, it still has a long way to go before a sustainable bottom can be reached. Even with a slight rebound on Tuesday.
"This is a corrective phase in an upward trend that's not yet over," John Roque, technical analyst at Wolfe Research, told CNBC's "The recent wave of selling came after President Donald Trump tweeted on Thursday that the U.S. will impose a 10% tariff on $300 billion worth of Chinese goods starting Sept. 1 as trade talks between the two countries struggle to progress.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks plunge as US-China trade war escalates—Cramer and other experts on what's nextU.S. stocks had their worst performance of 2019 on Monday as trade fears roiled the major averages, and experts are split on what's next.
Consulte Mais informação »
It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead.
Consulte Mais informação »
Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook:
Consulte Mais informação »
U.S. stocks drop most since DecemberU.S. stocks fell the most since December on Monday after China allowed its curre...
Consulte Mais informação »
Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at ChinaStocks were pummeled by selling, pushing indexes from New York to Shanghai lower, as the yuan slid and fresh trade threats between Beijing and Washington raised fears of an economic slowdown.
Consulte Mais informação »
Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed...
Consulte Mais informação »