Stocks dip ahead of Fed news; oil prices drop

Dow dumps 400 points, on track for lowest close since April

Dow Jones tumbles, S&P 500 Index falls to 2018, as crypto recovers slightly

The move for the Dow comes amid a string of bearish patterns that have cropped up in equities and fixed-income markets, highlighting growing concerns about the durability of a bull run in stocks that has lasted about a decade as the economy's vital signs have also been strong, in a long-running, if measured, rebound from the 2007-09 financial crisis. The S&P 500 lurched to a 14-month low, also showing more than a two percent loss for the day.

The Dow and S&P 500 are both technically in a correction, meaning values have fallen at least 10% since recent peaks. The Cboe Volatility Index, the most widely followed gauge of expected near-term gyrations for the S&P 500, finished up 1.06 points at 25.58, its highest close in 10 months. The Nasdaq composite gained 30.18 points, or 0.4 percent, to 6,783.91. -Chinese trade dispute, low oil prices, a possible USA government shutdown and the turmoil surrounding Britain's exit from the European Union.

After two days of huge losses, US stocks ended the day back where they started on Tuesday.


Health insurers and hospitals are falling Monday after a judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional.

With the unexpected monthly decrease, the housing market index tumbled to its lowest level since hitting 54 in May of 2015. The Dow Jones Small-Cap Growth TSM Index closed at 8,565.68 for a gain of 1.45 points or 0.02%.

The Nasdaq is down 126.75 points, or 1.8 per cent.


Health care stocks are leading major US indexes lower in early trading on Wall Street after a federal judge ruled that the 2010 Affordable Care Act is unconstitutional.

The S&P 500 briefly erased its losses in late-morning trade, but the index resumed its steep decline after Jeffrey Gundlach, chief executive of DoubleLine Capital, said that U.S. stocks were in a bear market. Bent Crude was down 2.3 percent to $58 and change. After several weeks of declines the benchmark index is trading at its lowest level of the year.

The Dow Jones Industrial Average lost 505.56 points on Monday, a decline of 2.10 percent; and the S&P 500 fell by 2.5 percent to its lowest level of the year at 2,530.6.


Oil prices dropped 4 percent, weakening for a third consecutive session as reports of swelling inventories and forecasts of record USA and Russian output. For stock markets, battered recently by a series of concerns notably related to mounting trade tensions between the US and China, any such hint could help sentiment improve coming into the year's end. That and the stock market crush are hurting shaking confidence in global growth and future demand for oil.

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