2 New Healthcare Stocks to Grab Now

The U.S. is reportedly still trying to limit capital flows to China

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Midday Market Check
MIDDAY MARKET CHECK
 
 

10/08/2019
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Dow Crushed By U.S.-China Trade Deal Doubts

By Patrick Martin
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The Dow Jones Industrial Average (DJI) is getting shelled today -- heading toward its second straight loss -- as the prospects of a U.S.-China trade resolution later this week fade. The blue-chip index nursed a more than 300-point drop at its session lows, after the Trump administration blacklisted several Chinese artificial intelligence companies, while a Bloomberg report indicated the White House is still exploring a limit on capital flows to China. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also deep in the red, with the tech sector under particular pressure in anticipation of Chinese blacklist retaliation. Meanwhile, Wall Street's "fear index" -- the Cboe Volatility Index (VIX) -- is headed for the key 20 level.

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

  • Boeing stock is grounded amid the latest 737 drama.
  • 2 new healthcare stocks to grab now. 
  • Plus, options bears eye General Motors amid strike; Barrick Gold bucks broad-market sell-off; and Nvidia leads a chip stock pullback.

>> Continue reading...
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