President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Despite this week's minor pullback, stocks still look solid on the surface. But a deeper look inside the market shows signs the bull is starting to crack.
Entering Friday's session, 200 components, or 40 percent, were in correction territory. A stock or an asset class enters a correction when it falls at least 10 percent from its 52-week high.
Below is a table highlighting the S&P 500 components that are in a correction.
The U.S. stock market has already posted strong gains for the year, with the S&P advancing about 10 percent in that time. Leading the charge higher in 2017 has been the tech sector, which is up more than 20 percent year to date.
However, there are more signs of an internal breakdown.
Jonathan Krinsky, chief market technician at MKM Partners, pointed out in a note Thursday that less than 60 percent of stocks in the Russell 3000 are trading above their 200-day moving average, a key long-term technical metric.
"The Russell 3k represents 98% of U.S. equities. Bulls don't want to see this hold under 60% for too long," Krinsky said. "While not all negative divergences lead to negative outcomes, we are seeing enough of them to warrant some caution as we enter the worst part of the calendar."