The Dow Jones Industrial Average and FTSE-100 are struggling near key resistance levels that could scupper any chances of a late Santa rally, Sandy Jadeja, chief market strategist from ODL Securities, told CNBC.
European shares were set to open little changed on Tuesday as recessionary fears weighed ahead of the U.S. presidential election tracking the U.S. markets on Monday, while Asian stocks were mixed.
The S&P 500 and FTSE 100 could plummet further if key resistance levels aren't held, Phil Roberts, technical analyst from Barclays Capital, told CNBC.
The recent stock-market tumble matches the crash of the 1970s and points to a bull-market rally in the coming weeks, Clem Chambers, CEO of ADVFN, told CNBC.
European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?
After taking into account Monday’s plunge, the Dow Industrials is now down 27% from its October 2007 high. The S&P 500 and the Nasdaq Composite have fared a bit worse, declining 29% and 31% from their respective highs last October. Take a look at how some of the other major U.S. indices and sectors have performed since their 52-week high (including Monday’s fall)It's been a rough twelve months. The Dow and S&P are looking to have their 4th straight quarter of declines, something not seen in years. Here is a preview of the quarter end stats and the winners and losers to date.
More and more U.S. investors are moving money across the pond, looking for opportunities within the European Union which makes up 25 percent of the total global stock market capitalization of around $55 trillion.
Erin Burnett has been travelling the globe in search of the market movers of tomorrow. So far she has been to Dubai in the United Arab Emirates and Mumbai, India. Today, she is in London. Like last week's comparison of the UAE and India, here are some stats comparing the UK and the US.
European indexes finished in negative territory Monday as SAP's acquisition of Business Objects led the technology sector lower and basic-resource stocks dipped on falling commodity prices.
European shares are seen opening slightly lower on Wednesday after two days of gains prompted by big banks disclosing the extent of the impact of a credit crunch on their results.