Dow was down -462 points at the lows. Closes down -301 points.
The major US stock indices are ending the session with steep declines, but it could have been worse.
Had the session lows the DowJones industrial average was down -462 points. It is ending down -301.
A denial by White House economic adviser Larry Kudlow that the US canceled preparatory meetings with China, helped to bottom stocks and send the indices higher into the close.
The numbers are showing:
- S&P index -37.81 points or -1.42% at 2632.90
- NASDAQ composite index -136.87 points or -1.91% 7020.35
- Dow industrial average -301.87 points or -1.22% at 24404.40
Some big decliners on the included:
- Square, -6.08%
- Micron, -5.29%
- Nvidia, -5.2%
- Alcoa,-5.02%
- General Electric, -4.64%
- Netflix, -4.11%
- Amazon, -3.77%
- Caterpillar, -3.20%
- Alibaba, -3.17%
- DuPont, -3.12%
- twitter, -3.04%
- Morgan Stanley, -2.95%
- United Continental, -2.63%
- Alphabet,, -2.53%
- United Technologies, -2.41%
- Goldman Sachs, -2.41%
Gainer on the down day include:
- Chipotle Mexican Grill, +1.26%
- Starbucks, +1.07%
- McDonald's, +1.04%
- Nike, +0.37%
- Coca-Cola, +0.25%
- Under Armour, +0.22%
- United health, +0.6%
IBM reported after the bell and beat analyst expectations on the top and bottom lines. The 2019 good EPS guidance also is higher-than-expected. Shares are up 4.69% after the close.
TD Ameritrade also be EPS and revenue estimates after the close. Their stock is trading up 3.39%.
So stocks are off to a better start after the close as a result of impressive earnings from Big Blue and TD Ameritrade.
