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Europe stocks sharply lower after US and Asia sell-off

Europe stocks sharply lower after US and Asia sell-off

Business
European stocks were sharply down in morning trade after concerns about a trade war and higher US bond yields stoked global investor concerns.In London, the FTSE 100 index of leading UK shares was down more than 1.7% at 7,020.Markets in Asia had plunged to a 19-month low after US shares suffered their worst losses in eight months.The global sell-off came as IMF head Christine Lagarde said stock market valuations have been "extremely high". In Paris, the Cac 40 share index was down 1.6% at 5,122 points, while in Frankfurt the Dax index fell nearly 1.5%.The FTSE 100 and the Cac 40 have fallen to their lowest levels since April, while the Dax is at its lowest since early 2017. ...
Stocks Get Burned by Hot Economy

Stocks Get Burned by Hot Economy

Finance
Shutterstock photo Rising rates have been on the market's mind for several sessions now, but it was on Thursday when fears really took a bite out of stocks. While the major indices came off their lows by the closing bell, each of the Big 3 still took a healthy step backward. The NASDAQ suffered through the steepest drop with a plunge of 1.81% to 7879.51. The FANGs got shellacked led by a 3.55% drop in Netflix (NFLX). The rest of them were down by more than 2%, except for Apple (AAPL, -1.76%). In addition to the general malaise caused by rising rates, this index also got hit by a news report claiming that Chinese microchips were found in equipment from t...

3 Stocks to Buy and Hold for the Next 50 Years

Finance
[unable to retrieve full-text content]Most investors don t think five decades into the future because it s such a long time from now But they should The key to finding stocks that are likely to be around in 50 years is to look for strong businesses today That list includes Google parent Alphabet Inc NASDAQ Latest Articles in
An analyst warns investors against falling for a widely-held assumption about rising tech stocks

An analyst warns investors against falling for a widely-held assumption about rising tech stocks

Finance
Come Monday, the tech-heavy Nasdaq will try to kick-off its second positive week in a row. But it's poised to do so without small cap tech and Chinese internet companies. According to veteran market watcher Nicholas Colas, much of Wall Street is mistakenly assuming that the technology sector's big surge is broad-based. "It's largely a large cap phenomenon," the DataTrek Research co-founder said Friday on CNBC's "Trading Nation." The Nasdaq is now up almost 25 percent over the past 52-weeks, while the broader S&P 500 is up 16 percent in that same p...
A trading chart suggests stocks face a heightened risk of a 10-20% correction

A trading chart suggests stocks face a heightened risk of a 10-20% correction

Finance
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute's Lakshman Achuthan is waving a warning flag. Achuthan believes there's a heightened risk of a sell-off that could wipe out the recent all-time highs. He used a special chart of the S&P 500 over time on CNBC's "Trading Nation" to make his case. "What's unique about this chart is that we've marked off the slowdowns in the economy — the so-called growth rate cycle slowdowns," the institute's co-founder...