Increasingly violent protests have contributed to a major sell-off for stocks today
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| | 8/12/2019 | |
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Recession Fears, Hong Kong Tensions Weigh Heavy on Stocks | By Lillian Currens | | The escalating protests in Hong Kong continue to weigh on the Dow Jones Industrial Average (DJI), which has taken a near 250-point nosedive today. In addition, lingering concerns about U.S.-China trade tensions have trade-sensitive Dow component Caterpillar (CAT) getting slammed as a result. Meanwhile, fears about a global recession and China's softening currency against the U.S. dollar are weighing on Treasury yields and bank stocks. Against this backdrop, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also slipping at midday. Continue reading for more on today's market, including: - Why investors should sell this chip stock, according to one analyst.
- The pot stock falling deeper into penny-stock territory.
- Plus, options traders swarm PAAS; RKDA surges to the top of Nasdaq again; and MLNT stock sinks on an analyst drubbing.
| >> Continue reading... | |
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