Markets Right Now: Plunging oil price sinks energy stocks

Markets Right Now: Plunging oil price sinks energy stocks

Markets Right Now: Plunging oil price sinks energy stocks

The S&P 500 is now in the red for 2018 by 4%. The S&P 500 hit a 14-month low point with a 2.1% loss.

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 19, 2018.

"The market tested yesterday's lows and bounced back off of that level", said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta.

Investors said market skittishness was likely to persist heading into the Federal Open Market Committee meeting on Tuesday and Wednesday.

This year may be different as investors factor in the week's anticipated quarter-point interest rate increase by the Federal Reserve, the ongoing U.S.

The Dow lost 507 points, or 2.1 percent, to 23,592.

USA stocks eked out modest gains amid volatile trading as investors weighed strong tech earnings against concerns about global growth.

Most analysts still expect the central bank to lift interest rates but the stock market's pullback in December has boosted the still-slim odds the Fed will take no action. All three US main equity benchmarks were trading at or near their worst levels of the day, coming fresh off an ugly Friday session that saw the Dow enter correction territory, widely defined as a drop of at least 10% from a recent peak.

Facebook Gave Netflix, Spotify & More Access To Users' Private Messages
While Facebook continues to profit off of data mining, the government seems wholly unprepared to tackle the complex issue. According to the publication, some of these deals date back as far as 2010, and some were still active this year.

In small caps, the Russell 2000 closed at 1,381.28 for a gain of 3.14 points or 0.23%.

Boeing rose 4.4 percent to $330.12.

Traders work on the floor of the New York Stock Exchange (NYSE) in N.Y. on December 18, 2018.

The Nasdaq composite fell 56 points, or 0.8 percent, to 6,853. The bank said the U.S. economy could slow even more than markets expect and prompt a bigger sell-off to start the year. "We are at a regime shift moment, and the debate is how big that regime shift will be". Many hoped that a speech by Chinese President Xi Jinping would help improve the outlook because he was expected to call for more market reforms. J&J shares ended 2.9 percent lower. Japan's Nikkei lost 1.8 percent.

The next two or three weeks are historically a happy time for shareholders - dubbed the Santa Claus Rally - as traders finish out one year and reach for optimism to start the next.

The sharply lower close on Wall Street came amid lingering concerns about global economic growth as well as continued uncertainty about trade between the USA and China.

Shares of Goldman Sachs Group Inc dropped 2.8 percent to a two-year low after Malaysia filed criminal charges against the bank in connection with an investigation into suspected corruption and money laundering involving the sovereign wealth fund 1MDB.

Related news