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Technology specifically. We have investors and traders coming back and attack after that rotation out of it, a couple of times notably in the past week, most recently yesterday. The dow, not much changed, hitting a bit lower. Thats a different picture than we saw yesterday. Heres another way to look at it. You can look at it as value versus growth in this market. Heres a way to compare. The s p 500 pure value index and the pure growth index. In the gap between the two in terms of their percentage performance. And what we saw yesterday was the gap between the two, value beating growth by the most since the election. Its come down a little bit today, but still beating it by a fairly wide margin. Since again reflective of this rotation that weve been seeing again out of technology and into financials has been the trade. In terms of other groups on the move today, we are watching telecom and a number of executives are presenting at ubs conference today. Sprint, one of the sprint comments c ....
Slightly higher. At the low, down more than 100 points. All on pace for the worst day of the year. That is only true for the tech heavy nasdaq. Really weighing on the nasdaq, the Philadelphia Semiconductor index down 2. 4 . Still on pace for his worst day since december 4 of last year. Lets dig into one stock weighing them all down. Apple down 1. 6 . Its worst day of the year. This appears to have to do it to death and analysts. Jpmorgan is cutting the estimate, Sales Estimates for 2018. That is based on deteriorating iphone demand. We also have bernstein saying the iphone estimates for the march quarter, the street is looking at it right now, and it may be too high. It is interesting to see when the Company Reports what does come up. Broadcom trading lower in 70. Lets look at some of the homebuilders. We h ....
Oil tanker hit by missile after transiting Red Sea — Houthis claim responsibility hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The Marlin Luanda, a petroleum products tanker vessel operated for Trafigura, was struck by the missile in the Gulf of Aden. Houthi militants claimed. ....