Markets eye US data as China slowdown looms over Dow
The Dow's slide tied to fears of China's weak growth potentially weighing on US profits. Data this week including housing, confidence, durable goods, and GDP revisions will test domestic momentum. UBS's Maury Harris expects solid results with Q2 growth possibly revised to 3 percent, and early Q3 indicators hinting at life, though market reaction is uncertain.
MENTIONED IN THIS ARTICLE
China
Wall Street
University of Michigan
Maury Harris
UBS
U.S
SigFig Investors See Returns From Domestic Equity Exposure
SigFig users with greater domestic equity exposure posted stronger returns as U.S. stocks rose. The data show a 5-day average of -2.17 and a 6-month average of -4.98, with Apple Inc. (AAPL) as the largest holding, most bought, and most sold.
MENTIONED IN THIS ARTICLE
SigFig
U.S
AAPL
Aapl Aggressive
MSFT
How we're performing USA's portfolio allocation for tech stocks
Data from SigFig show how America’s investors allocate portfolios with a focus on tech stocks. More than half a million investors nationwide manage about $200 billion in assets using SigFig’s online tracking service.
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America
USA
SigFig
Stocks Show Wide Swing As Tech Leads Pullback
Apple tumbled 13 percent intraday before a partial rebound but closed down 2.5 percent as market volatility hit tech shares. Intel fell about 1 percent, the best performer among Dow stocks. JPMorgan Chase dropped 5.3 percent amid a broad selloff as investor hopes for Fed rate optimism faded.
MENTIONED IN THIS ARTICLE
Apple
Jpmorgan Chase
Federal Reserve
The 10 percent rule for selling stocks advised
Savvy investors stress selling an individual stock after a 10 percent decline from purchase price. The rule helps avoid hoping for a quick recovery, since losses beyond 10% make returning to break even harder, though diversification and hedging exist for risk.
Sell-off disrupts TD Ameritrade and Scottrade trading
Investors faced access and trade execution issues at TD Ameritrade and Scottrade amid a broad market sell-off. TD Ameritrade cited industry wide latency and high volumes. Scottrade acknowledged a brief outage, later restoring access. Dow fell over 1,000 points briefly, closing down 588.
MENTIONED IN THIS ARTICLE
TD Ameritrade
Scottrade
Kim Hillyer
USA Today
Twitter
Dow
Bell
Hillyer
Shea Leordeanu
Leordeanu
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