Investors are trying to hold onto January's rally while watching earnings, economic data.
jumped 7% after reporting more subscribers than expected even though its quarterly earnings missed analysts' estimates.
For the week, however, all three indexes are on track to close lower. The Dow is down 3.67%, on track for its worst week since September. The S&P 500 is down more than 2.5% and could notch its worst weekly performance since December. The Nasdaq is down more than 2% and on pace to break a two-week win streak.
Those forward indicators include economic data such as retail sales and industrial production. "This is where the market is starting to break down," he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News Today: Dow Loses Over 600 Points On Inflation, Retail DataThe Dow dropped more than 600 points as new data raised concerns about economic growth. Treasury yields fell sharply.
Read more »
STOCK MARKET NEWS: Dow drops over 600 points, Microsoft, Amazon layoffs, retail sales slideAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Dow slides for third straight day as investors digest mixed signals on economyU.S. stocks lose ground Thursday after suffering their worst day of the new year Wednesday as uncertainty rises over the economic outlook.
Read more »
STOCK MARKET NEWS: Dow negative for year, P&G price hikes, US hits debt ceilingStocks struggle as recession concerns mount, P&G raising prices, Musk rips World Economic Forum with Davos underway. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »