Wall Street in a Market Funk as Investors Hold Back
The market mood remains sour with stocks sliding and red arrows dominating the tape. Since late August, fears have grown over China’s weakness, Fed rate uncertainty, and emerging market capital flight. The S P 500 fell over 12 percent from its August peak, rebounding slightly to a 9 percent drop from the May high, with a potential retest looming.
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Wall Street
China
Federal Reserve
Standard & Poor
Morgan Stanley investors more likely to own high 12b-1 fees funds
A study finds SigFig users with Morgan Stanley accounts are seven times likelier than peers at other brokerages to hold at least one mutual fund with 12b-1 fees of 1 percent or more, highlighting fee exposure differences across platforms.
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SigFig
Morgan Stanley
SigFig analysis shows wide investor usage and assets
More than half a million investors nationwide with total assets of 200 billion dollars manage portfolios online using SigFig. Data on this page are based on SigFig analysis. The report highlights five day and six month averages and notes largest holding, most bought, and most sold with a visit information cue.
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USA
America
SigFig
AAPL
VVUS
SUNE
NFLX
JCPenney names John Tighe chief merchant in leadership shift
JCPenney appoints John Tighe as chief merchant replacing 16 year veteran Elizabeth Sweney as it seeks to regain customers with new product lines. Carnival Cruise Line shares rise after Nomura upgrades to buy with a higher target while beating earnings. Groupon plans 1100 job cuts and exits some foreign markets amid ongoing struggles.
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J.C. Penney
John Tighe
Elizabeth Sweney
Carnival Cruise Line
Nomura
Fixing debt limit seen as priority to avert shutdown
Fitch Ratings says a US government shutdown is possible if Congress does not pass six of twelve funding bills by September 30. Short-term measures could delay a closure into year end, with breathing room into mid November or early December. The debt limit remains a global concern, with a longer-term solution unlikely before the 2016 election.
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Congress
Fitch
U.S
30 Million Americans Tap Retirement Funds Early for Emergencies
Bankrate survey shows 30 million Americans used retirement savings for emergencies in the past year, down from 19 percent in 2011 to 13 percent. Millennials least likely at 8 percent, while 50 to 64 age group hit 17 percent. Experts warn this undermines retirement planning and note tax penalties for early withdrawals. Financial planners advise earmarking emergency funds and long term care planning, with ETFs and index funds as options. 21 million Americans, 9 percent, are not preparing for retirement, up from 7 percent in 2011.
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Vanguard
Vanguard InstPlus
Fidelity Contra
GrthAmAm
Totintl
IncAmerAm
CapiIncBuAm
iShare
Japan
EWJ
iShs Emerg
Mkts
EEM
US Oil Fund LP Usd
Vect
Spdr Financial Xlf
Bankrate.com Commodities Commodities
Frankfurt
Hong Kong
Nikkei
LonDon
Mexico City
Morningstar
DOW Jones
THE
Associated Press
USA Today.com
Money Ciated Press
Bankrate.com
Greg McBride
McBride
Reid Abedeen
Casey Weade
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AIG
Jaity
MAJOR
Djia
S&p 500
Tesoro
Tlo
Standard & Poor's
Russell Russell
Signet Signet Jewelers
SIG
PayPal Holdings
CosTrco Costco Wholesale
COST
Swamnesat
Tenet Healthcare
THC
HCA
HCA Holdings
Moody’s
Consol Energy
CNX
Southwestern Energy
SWN
AutoZone
AZO
CF Industries
Exelon
EXC
Wynn Resorts
WYNN
Transocean
RIG
Mosaic
MOS
Joyglobal Joy Global
JOY
Freeport-McMoRan
FCX
Chesapeake Energy
CHE
Chesapeake
United Rentals
URI
Jcpenney
Groupon Groupon
Investing
Matt
Matt Krantz
Mkrantz
USA Today
Oday.com
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