Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Ouch. It's all red on Friday.
Global markets are hitting fresh lows and U.S. stock futures are edging lower.
But it's the same old story: China turmoil, low oil prices, Fed uncertainty.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Ouch. It's all red on Friday.
Global markets are hitting fresh lows and U.S. stock futures are edging lower.
But it's the same old story: China turmoil, low oil prices, Fed uncertainty.
1) China slides again
1) China slides again
The Shanghai Composite plunged 4.3% Friday, ending the week down 11%.
China manufacturing data came out worse than expected, hitting its lowest level in more than six years. The slowdown in China's factory activity is adding to concerns about the strength of global economic growth.
2) Stock market movers
2) Stock market movers
Ross, Intuit, Mondelez International: Discount retailer Ross (ROST) saw shares sink more than 9% after the company warned it has a "cautious" outlook for the remainder of the year.
Intuit (INTU) stock also dipped 3% in after-hours trading. Mondelez International (MDLZ) shed 2.3% after the closing bell.
3) Commodities, emerging market currencies plunging
3) Commodities, emerging market currencies plunging
A range of emerging market currencies edged down again on Friday as the slide in oil and other commodities continue. The Russian ruble, Turkish lira, Malaysian ringitt and others are taking a hit.
Oil is still hovering just above $40 per barrel, after plunging to a six-year low earlier this week.
4) U.S. earnings and economics
4) U.S. earnings and economics
John Deere (DE) and Foot Locker (FL) are among a small group of companies expected to report earnings before the market opens.
U.S. manufacturing data are expected later on Friday.
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