EDITOR'S NOTE
We're coming up fast on the end of the third quarter and for all the ups and downs of the summer trading season, the Dow Jones Industrial Average shows a meager gain of less than 1%.
Now comes October, which is historically a volatile month. Whether stocks bounce to the new highs they've almost achieved or fall back amid growing signs of an economic slowdown will likely depend on headlines as U.S. and China trade officials prepare to resume talks Oct. 10-11.
Stocks fell Friday on news that the Trump administration was deliberating plans to block U.S. investments in China, a move that could topple markets in both nations. The losses pushed the S&P 500 into the red for a second-straight week.
One sign equities are already looking wearing is a sagging market for initial public offerings.
Fitness platform provider Peloton, which priced at $29 a share on Thursday, fell below $25 on Friday. Talent agency Endeavor, which was set to price Friday, canceled its IPO altogether.
Oil, already in decline amid slowing global economic growth, slid Friday after Iranian President Hassan Rouhani claimed that the U.S. offered to remove all sanctions on Iran in exchange for negotiations. President Donald Trump soon tweeted it wasn't true, but oil losses remain.
The week was even harder on bitcoin, which fell more than 22%.
One more trading day left and we can kiss a relatively flat third quarter goodbye. Depending on what October brings, we may miss it.
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Jumat, 27 September 2019
Stocks fall for a second week | China investment ban? | Investors done with IPOs?
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