Advertisement
Canada markets open in 4 hours 32 minutes
  • S&P/TSX

    21,837.18
    -12.02 (-0.06%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • DOW

    38,790.43
    +75.63 (+0.20%)
     
  • CAD/USD

    0.7368
    -0.0020 (-0.28%)
     
  • CRUDE OIL

    82.53
    -0.19 (-0.23%)
     
  • Bitcoin CAD

    85,730.70
    -6,545.52 (-7.09%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,154.20
    -10.10 (-0.47%)
     
  • RUSSELL 2000

    2,024.74
    -14.58 (-0.72%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,231.25
    -0.25 (-0.00%)
     
  • VOLATILITY

    14.42
    +0.09 (+0.63%)
     
  • FTSE

    7,723.62
    +1.07 (+0.01%)
     
  • NIKKEI 225

    40,003.60
    +263.20 (+0.66%)
     
  • CAD/EUR

    0.6791
    -0.0001 (-0.01%)
     

Stocks tumble on global growth concerns; Yahoo earnings after the bell

Guess what? It's Groundhog Day and for investors, and that means another big selloff. An oil selloff weighed on markets, as crude dipped below the psychologically important $30 level.

Winners and losers

Stocks sliding today include ExxonMobil on earnings, 21st Century Fox on a downgrade, and Tesla—Pacific Crest securities dropped revenue and delivery forecasts on the stock over concerns on demand.

Stocks that pushed higher today in the midst of the selloff were Alphabet soaring after earnings, Dupont on an earnings beat, and Michael Kors—the apparel maker looking fabulous today, reporting rising revenue and demand for its footwear and accessories lines, as well as strong international growth.

ADVERTISEMENT

Time to buy?

Another day, another selloff. But one strategist says these are the times investors should strike. Hank Smith, chief investment officer at Haverford Trust, makes the case for stocks now.

Looking ahead

  • Ahead of Friday's monthly jobs report, we'll get ADP's private employment figures tomorrow at 8:30 a.m. ET. While this report doesn't always mirror what we'll see on Friday, last month it did signal a huge non-farm payrolls number.

  • Earnings season continues this week with big reports from General Motors, Merck, Comcast, and Yum Brands.

  • Finally, the oil market will be back in focus with the EIA's weekly petroleum status report out at 10:30 a.m. ET. Last week's reading showed a build in supplies of 8.4 million barrels, which sent crude lower.