The Dow Jones Industrial Average projected a 193-point decline in pre-market hours as earnings season kicked off today. Citigroup Inc. (NYSE: C) began the festivities with a dismal report, pushing the financial sector into the red.
In addition, investors remain concerned about an economic slowdown in China. Over the weekend, Chinese exports reported a record drop of 4.4% over the last year - the largest drop since 2017.
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
Passive investing had become quite popular over the last decade. But now more people are pulling away from actively managed funds and just taking what they can get out of index funds and other passive investments without thinking about the potential consequences.
December's sharp downturn for ETFs and passive funds was a warning. Make no mistake, too many investors are taking their financial future out of their own hands and putting control in the hands of unaccountable technology and people who'd rather be on the golf course.
Instead of owning ETFs, investors should be turning their attention to a few other funds that can generate big returns and reduce market risk. Money Morning Special Situation Strategist Tim Melvin has his top pick for you. Here's what you need to know.
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