The Dow Jones jumped more than 1% Tuesday, adding 215 points on the day. The Nasdaq soared more than 2% on the day, buoyed by Apple's strong earnings. The S&P 500 Volatility Index (VIX) dipped another 11% on the day.
Stock Market Today
"Mr. Market" is the analogy Warren Buffett uses to help investors understand the market as though it were a person.
Usually, Mr. Market is as rational as the efficient market we all dream about. But Mr. Market also suffers periods of manic depression – as the recent stock market sell-off shows.
Good morning! Right now futures indicate the stock market today opening higher than yesterday's close.
The Dow added 19 points yesterday, but the market reacted negatively to a poor earnings report issued by International Business Machines Corp. (NYSE: IBM). According to reports, investment guru Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK.A) lost nearly $1 billion after IBM shares sunk by more than 7% yesterday.
The Dow Jones today closed slightly higher, rising 19 points. The S&P 500 Index gained for its third consecutive session, and the Nasdaq was up 1.3%. The S&P 500 Volatility Index (VIX) dipped more than 14% on the day.
The Dow Jones today soared 263.1 points on rising consumer sentiment and positive housing numbers.
While the markets did not quite make it to official stock market correction territory this week, the 6% drop in less than a month should have reminded investors that they always need to be prepared for a downturn.
And mind you — despite a rebound today (Friday), this correction may not be over. That means investors need a plan.
Stock market news, October 17, 2014: Good morning! Stock market futures today (Friday) indicate a market open 185 points higher than yesterday's close. Markets are rallying after positive economic data in the U.S. eased nerves. European stocks soared the most in seven months this morning.
Stock market news, October 16, 2014: Stock market futures were back in the red this morning (Thursday) as European markets slipped on growth concerns. Additionally, investors are growing nervous about the Federal Reserve's plans to wind down the last of its stimulus efforts. Dow futures fell more than 150 points, suggesting the markets are poised to fall back below the 16,000 mark this morning.
The Dow Jones dropped sharply Wednesday, falling as much as 460 points during the session amid weak economic data and renewed concerns about the Ebola virus. The DJIA rebounded in the afternoon, but still suffered a 173-point decline.
The S&P 500 fell again on the day, its sixth decline in eight sessions.
Stock market today, October 15, 2014: U.S. stock markets ended the day flat Tuesday after struggling to rebound, with yet another late sell-off hitting the markets in the final hour. The S&P 500 Index and Nasdaq managed to eke out modest gains, but the Dow Jones slipped another 5 points. The S&P 500 Volatility Index (VIX) dipped 4% on the day.
Last week's stock market correction meant a 464-point plunge in the Dow Jones Industrial Average. We witnessed a continued sell-off in energy stocks and a slump in commodity prices, specifically oil, highlighting certain profit opportunities.