Daily Market Update
with JJ Kinahan

5 min read

Comeback Kid? Early Plunge Mostly Erased, But Geopolitical, Earnings Fears Persist

(Tuesday Market Close) What a wild day on Wall Street. While the market did finish moderately lower, the big story was a major reversal that brought indices back to nearly even at one point following a huge early plunge.

After tumbling more than 500 points early on, the Dow Jones Industrial Average ($DJI) and other major indices came roaring back at midday, with the $DJI at one point coming within 30 points of the flat line. The markets still finished a good deal lower, but well off the early lows. 

There didn’t really seem to be much of a fundamental catalyst behind the reversal. Instead, technical factors might have played a bigger role. Buying interest appeared to perk up across the market once the S&P 500 Index (SPX) posted a new five-month low underneath 2710—the level hit more than a week ago. The SPX then flirted with that mark for a while before investors came pouring back into the FAANG stocks, with the rally spreading from there.

This is the biggest intraday turn-around in months, and from a technical standpoint could point to some possible strength in the charts. That doesn’t mean the pressure is over, because there’s still plenty of geopoli

Read article
TD Ameritrade Network Logo

Don't just watch the news. Use it.

Tune in to TD Ameritrade Network

TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc., member FINRA/SIPC are separate but affiliated subsidiaries of TD Ameritrade Holding Corporation. © 2018 TD Ameritrade.
Featured Video

Market On Close: Market Update

1:40
WATCH NOW

Market On Close: Market Update

1:40
WATCH NOW
TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc. are separate but affiliated subsidiaries of TD Ameritrade Holding Corporation. © 2018 TD Ameritrade Network. All rights reserved. Used with permission.

Daily Market Update

Previous Daily Market Update articles

Risk-off Sentiment Seems to Dominate Amid Global Stock Market Sell Off October 23, 2018 9:30 AM   |  

October’s volatility isn’t showing any signs of letting up as risk-off sentiment appears to set the tone for today.

5 min read  |  Daily Market Update
Earnings, Overseas Rallies Top Menu, With Volatility A Possible Weekly Special October 22, 2018 9:30 AM   |  

Stocks begin the new week with a muted tone ahead of a host of earnings reports and as rallies in Europe and China seem to lend support.

5 min read  |  Daily Market Update
Greener Pastures: Pendulum Might Swing Into Positive Territory —For Now October 19, 2018 9:20 AM   |  

This turbulent week marches toward a close with the pendulum swinging back into green again, at least for now. Continued volatility wouldn’t be surprising, especially with a heavy set of info tech earnings on the way next week.

5 min read  |  Daily Market Update
Worry Starts To Grow Amid Geopolitical Rumblings, Earnings Misses October 18, 2018 5:00 PM   |  

The market got knocked back down in a big way Thursday, upending most of the week’s early gains. Growing concerns about earnings and geopolitics seem to be raising investor worry.

5 min read  |  Daily Market Update

Featured Video

Featured Video

Webcasts for investors of all kinds.

Explore upcoming webcasts covering a wide range of topics including current market conditions.

Call Us
800-454-9272
adChoicesAdChoices

Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

The information is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2018 TD Ameritrade.

Scroll to Top