S&P Hasn't Done This Since Before Black Monday

Fed Chair Jerome Powell will testify in front of Congress once again

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2/27/2019

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Dow Futures Lower Amid U.S.-North Korea Arms Meeting

By Lillian Currens

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Dow Jones Industrial Average (DJI) futures are lower again today, amid a summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam, with the leaders attempting to resolve gridlock over Pyongyang's nuclear weapons. In addition, Wall Street is watching escalating tensions between Pakistan and India, after the countries shot down each others' fighter planes. Traders are also awaiting another day of congressional testimony from Fed Chair Jerome Powell, who yesterday reiterated the Fed's "patient" stance on monetary policy. 

Continue reading for more on today's market, including: 

  • The S&P hasn’t done this since 1987 – the year of Black Monday -- according to Schaeffer's Senior Quantitative Analyst Rocky White.
  • The Amazon rival that could drop another 37%, according to one analyst.
  • Technical signal could mean even more turbulence for this travel stock. 
  • Plus, Best Buy shines; Tandem celebrates an earnings win; KPTI suffers after an FDA panel vote. 
>> Continue reading...
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