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Source: Common Domain

This stock-market pullback probably has further to go: analysts

Today 13:36 GMT

A break above this level would point to increasing credit market stress and likely confirm a failed breakout in the S&P 500 ahead of a bigger equity market pullback,” the analyst said.

Tony Dwyer, chief market strategist at Canaccord Genuity, likewise predicted that it could take some time for the pullback to resolve itself. “We find it unlikely there will be a V bottom given the sharpness and breadth of the correction,” he wrote in a Monday note.

1 Article
Source: Common Domain

Global Stocks Resume Their Slide

Today 07:00 GMT

Global stocks dropped on Monday, resuming last week’s slump on concerns around global trade tensions and fresh uncertainty over a Brexit deal.

Last week, several global equity indexes recorded their worst performances since February’s rout as a steep spike in bond yields sparked a selloff in stocks. Investors grew increasingly jittery over U.S. growth and the prospect of further tightening from the Federal Reserve.

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