Dow down 200, JPMorgan sees ‘sell signals’


Traders and money experts do the job ahead of the closing bell on the flooring of the New York Inventory Exchange.

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9:41 am: Deere earnings pop 8% on solid earnings

9:31 am: Dow falls more than 100 details at the open up

Amid the lingering fears about the coronavirus, the Dow fell about 120 factors to start off Friday’s session, on rate to submit its initial weekly reduction in a few months. The S&P 500 dipped .5%, when the Nasdaq Composite dropped .4%. The so-termed FANG stocks are all in the pink at the open.  — Li

9:23 am: Citi Private Financial institution CIO: ‘Rush to safety’ could conclusion poorly for buyers when coronavirus outbreak abates

David Bailin, main investment officer at Citi Private Lender, advised CNBC on Friday that investors could get burned in a “rush to basic safety” because of to coronavirus fears. Gold, treasuries, utilities shares and growth shares “essentially are heading to convert out to be perilous sites in the industry to be … when we get around the hump of the coronavirus,” Bailin explained in a “Squawk Box” job interview. “We imagine individuals are going to change out to be areas where the market is overvalued, and we’ll essentially see reversals.” Bailin claimed he’s “constructive” on the in general current market. Nevertheless, he advises buyers to choose their spots mainly because, in his look at, the S&P 500 is “thoroughly priced.” —Belvedere

8:33 am: Hedge resources are crowding into a number of shares

Goldman Sachs notes that “the common hedge fund now carries 69% of its lengthy portfolio in its leading 10 positions, up from 55% in 2005.” Prime favorites of the hedge fund crowd consist of Amazon and Microsoft, in accordance to a Goldman note. The organization also details out that all investors are crowding into the largest shares and that could be worrisome. “In the S&P 500, the 10 premier organizations account for 25% of market place cap, nearing the 27% share reached at the peak of the Tech Bubble in 2000,” the Goldman be aware mentioned. —Melloy

8:19 am: JPMorgan complex analyst phone calls for a market setback, claims ‘short-phrase systematic promote signals’ triggered

The U.S. stock industry could be subjected to around-phrase headwinds as a slew of “systematic market indicators” are tripped up, JPMorgan technological analyst Jason Hunter said in a observe to purchasers. Hunter noted that as the S&P 500 strike document highs, it did so with “considerably less momentum and weaker internals.” Hunter also pointed to how slender the leadership in the market has been, noting: “With only a pick team of shares powering the rally … several momentum and internal divergences supply technical alerts that increase the probability for a limited-phrase setback.” —Imbert

8:17 am: Listed here are Friday’s biggest analyst calls of the day

7:58 am: Stocks set to tumble as coronavirus situations spike

U.S. inventory futures are buying and selling a bit decrease on ongoing fears of a world wide economic slowdown stemming from the coronavirus. Dow Jones Industrial Common futures are down about 65 points, indicating a decline of 95 details at the open up. S&P 500 and Nasdaq 100 futures also pointed to decreased open. The number of verified situations in China jumped by extra than 800 overnight. Verified circumstances in South Korea also improved. —Imbert

—With more reporting from Yun Li and Matthew Belvedere.

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