Robert Hum is the Markets Producer at CNBC.
Falling oil prices continue to put pressure on energy stocks. Now at a six-month low, the S&P 500 Energy sector is down nearly 19% this quarter, by far the worst-performing sector in the S&P 500 since July 1. With the decline today, the energy sector’s weighting in the S&P 500 is now less than the weighting of the healthcare sector.
This past Saturday marked the one-year anniversary of the Dow Industrials’ first close above 14,000. Needless to say, it has been quite a ride for the Dow since it first reached that milestone; the Dow continued to establish new all-time highs into October before falling to 2-year lows this month.
After the close today, Coventry Health Care slashed its Q2 and full-year earnings guidance due to increasing cost pressures. Coventry’s stock was halted after hours before starting again. Meanwhile, other healthcare stocks are trading sharply lower in after hours trading following the news.
Despite the ongoing rise in crude oil prices and the overall concerns of a weaker economy, the Dow Jones Transportation Average hit new all-time highs today. It passed its previous intraday high of 5,487.05 that it had set last July. If it closes over 5,446.49 today, it will set a new all-time closing high.
Since 1950, September is the worst performing month for the S&P 500 index.
Here's how to tell if excessive shorting will result in a reversal known as a short squeeze.
While U.S. indexes suffer from the dog days of summer, emerging markets look to be on a tear.
The Dow shattered through the 17,000-mark Thursday for the first time ever. So far this year, however, the index has been left behind.