S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
Published Friday, November 23, 2018 at: 7:00 AM EST
The stock market had another difficult week. The benchmark Standard & Poor's 500 index slid back 10% below its most recent all-time high in September, as a recalibration of earnings growth continued.
After rising for six consecutive months, the rate of improvement in the U.S. Index of Leading Economic Indicators slowed significantly in October. The LEI rose one-tenth of 1% in October, down from +0.5% in September and +0.4% in August.
"The index still points to robust economic growth in early 2019, but the rapid pace of growth may already have peaked," according to The Conference Board, a private business group that maintains the LEI.
- Despite Strong Economic News, Stocks Dropped This Past Week
- Stocks Closed At A Record High; What's Expected For The Rest of 2021?
- Jobs Situation Report Pushes Stocks A Fraction From All Time High
- Inflation Rate Doubled In Past Two Months
- Fed Signals It's Thinking About Starting To Talk About Tightening
- Expect Inflation To Make Investors Nervous Through 2021
- Stocks Closed At A Record, Ignoring A Bad Jobs Report
- Stocks Soared 5.2% In April; Now, For The Good News
- A Window Of Opportunity Is About To Close
- Retail Sales, Housing Starts, And Stocks Rocket Higher
- The Fed Is Not Braking The Boom Anytime Soon
- A Black Swan Event And Higher Taxes Persist As Financial Risks Amid The Boom
- What You Need To Know Right Now To Manage Your Wealth
- Economic Expectations Improved Almost Overnight
- Investors Beware: The Asset Valuation Paradigm Changed
- Fed Says It Will Stick To Its Plan, As Bond Yield Rises
- Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week
- A New Rover Landed On Mars And Stocks Closed Lower For The Week
- Ironically, Amazon Profits By Perpetuating Stock Bubble Myth
- Stocks Closed At A New Record High: Can The Party Last?
- Don’t Fall For It
- Housing Boomed Again In December
- The Bad And Good Financial News This Week
- Stocks Set New High Closing Price Amid Turbulence