S&P 500 Caps Worst Two-Day Drop Since June Amid Technology Rout

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U.S. stocks sank, extending the Standard & Poor™s 500 Index™s worst two-day drop since June, amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market™s best performers.

The S&P 500 fell 0.9 percent to 1,815.78 at 4 p.m. in New York, closing at its lowest level in two months. The gauge has slipped 2.6 percent this week, the biggest weekly loss since 2012. The Nasdaq Composite Index dropped 1.3 percent, extending its biggest two-day retreat since 2011, and the Dow Jones Industrial Average slid 141.03 points, or 0.9 percent, to 16,029.19. Trading in S&P 500 shares was 26 percent above the 30-day average at this time of day.

The S&P 500 declined 2.1 percent yesterday and the Nasdaq Composite slumped 3.1 percent, its biggest decline since November 2011. Technology shares slid yesterday as investors sold the biggest winners in the five-year market rally. A gauge of Internet stocks tumbled the most since 2011 yesterday, while biotechnology shares approached a bear market.

Copy Source : Bloomberg

U.S. Stock-Index Futures Are Little Changed After S&P 500 Slump

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U.S. stock index futures were little changed, with the Standard & Poor 500 Index poised for its biggest weekly decline in a month, as investors awaited earnings results from JPMorgan Chase & Co. and Wells Fargo & Co.

Ford Motor Co. climbed 1 percent in early New York trading after data showed China auto sales rose in March and Deutsche Bank AG recommended investors buy shares of the carmaker. Zynga Inc. added 1.2 percent after hiring a Best Buy Co. executive as chief financial officer. Corning Inc. lost 1 percent after UBS AG lowered its rating on the maker of glass for televisions and mobile devices.

S&P 500 futures expiring in June gained less than 0.1 percent to 1,827.3 at 10:43 a.m. in London. The gauge has fallen 1.7 percent this week, with technology shares slumping, as investors continued selling the biggest winners in the five-year U.S. bull market. Dow Jones Industrial Average contracts lost 6 points, or less than 0.1 percent, to 16,104 today.

The S&P 500 declined 2.1 percent yesterday, the most since Feb. 3, with the Nasdaq Composite Index slumping 3.1 percent, its biggest decline since November 2011. The technology selloff resumed on growing concern that valuations may be too high. The S&P 500 has fallen 3.1 percent from its record this month. It closed at its lowest level since Feb. 19 yesterday.

Copy Source: Bloomberg

Bursa Saham AS Melemah Ditengah Aksi Jual Saham Teknologi

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Saham AS jatuh, mengirim indeks Standard & Poor  500 menuju penurunan mingguan tertajamnya sejak Januari lalu, seiring hasil yang mengecewakan  pada sahamJPMorgan Chase & Co memicu kekhawatiran bahwa pendapatan perusahaan akan menuju ke pelemahan.

Saham JPMorgan turun sebanyak 3,8 persen karena pendapatan perusahaannya menurun sebanyak  19 persen. Saham Facebook Inc dan Netflix Inc merosot lebih dari 1,2 persen karena berlanjutnya aksi jual teknologi.

Indeks S&P 500 turun 0,5 persen ke level 1,823.44 pada 09:31 pagi di New York. Indeks telah turun 2,2 persen pekan ini. Indeks Nasdaq Composite turun 1 persen ke level terendahnya sejak 5 Februari lalu.

Kemarin indesk S&P 500 turun 2,1 persen, yang terbesar sejak 3 Februari, dengan indeks Nasdaq Composite merosot 3,1 persen, penurunan tertajam sejak November 2011 silam. S & P 500 telah menurun sebanyak 3,1 persen dari rekornya di bulan ini, ditutup pada level terendah sejak 19 Februari. kemarin indeks saham Internet turun tajam sejak 2011, sementara saham bioteknologi mendekati bear market.(yds)

Sumber: Bloomberg

European Stocks Drop Second Day

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European stocks fell for a second day, with the benchmark index posting its biggest weekly drop in almost a month, as investors speculated that equity gains have overshot the earnings outlook.

ARM Holdings Plc lost 4.5 percent as information-technology shares caught up with a slump in their U.S. peers yesterday. Thales SA declined the most since July 2012 after JPMorgan Chase & Co. lowered its recommendation. Mediaset Espana Comunicacion SA tumbled to the lowest price since November after its second-biggest shareholder sold a part of its stake. Salzgitter AG rose 1.2 percent after Citigroup Inc. advised investors to buy the stock.

The Stoxx Europe 600 Index fell 1.4 percent to 328.77 at the close London. The benchmark gauge posted a weekly retreat of 3.1 percent, its biggest since March 14, amid a selloff in shares with higher-than-average valuations. The Stoxx 600 has more than doubled from a low in March 2009, with its price-to-earnings multiple rising to 14.4 times estimated earnings compared with a five-year average of 12.3 times.

Source : Bloomberg

U.S. Stocks Fall as JPMorgan Misses

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U.S. stocks fell, with the Standard & Poor™s 500 Index headed for the worst week since January, after disappointing results from JPMorgan Chase & Co. Treasuries rose and oil hit a five-week high.

The S&P 500 dropped 0.3 percent at 12:10 p.m. in New York. The Nasdaq Composite Index lost 0.2 percent as technology shares fluctuated after the biggest selloff since 2011. The Stoxx Europe 600 Index declined 1.4 percent. The 10-year Treasury yield lost two basis points to 2.63 percent while 30-year yields hit a nine-month low. The dollar snapped five days of losses as investor risk appetite shrank.

The S&P 500 has fallen 2 percent this week, after sinking 2.1 percent yesterday on concern that valuations aren™t justified as earnings start. JPMorgan, the first major bank to report, fell 3.1 percent after profit dropped on lower revenue from fixed-income trading and mortgages. Consumer confidence rose in April to the highest level since July. China™s producer price index declined 2.3 percent in March, adding to signs of weak demand after data yesterday showed shrinking trade.

Copy Source : Bloomberg

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