SEVERE WX : Flood Warning View Alerts

Market volatility isn't going anywhere

It's been a wild couple of weeks for Wall Street.The ...

Posted: Oct 24, 2018 5:16 AM
Updated: Oct 24, 2018 5:16 AM

It's been a wild couple of weeks for Wall Street.

The Dow dropped as many as 549 points, or 2%, on Tuesday after major companies reported gloomy results and guidance. By the closing bell, it was only down 126 points, or 0.5%.

Banking, finance and investments

Business, economy and trade

Financial markets and investing

Securities trading

Stock markets

Economy and economic indicators

Economic indicators

Stock indexes

Company activities and management

Financial performance and reports

Financial results

Company earnings

It's been a scary month for investors. The Dow and Nasdaq are on track for their worst months since January 2016.

The stock market is reacting to turbulence in China, tariff concerns and fears that earnings will continue to disappoint. Caterpillar (CAT) and 3M's (MMM) underwhelming results have fueled concerns about how long blockbuster profits can last, especially given tariffs and rising costs.

David Kelly, chief global strategist and head of the global market insights strategy team for JPMorgan Funds, will join CNN international correspondent Paula Newton on "Markets Now" on Wednesday to discuss the state of the market.

Not every company's earnings are disappointing investors.

McDonald's (MCD) shares climbed 6% after saying earnings and sales declined less than feared.

United Technologies (UTX), another major global company, raised its outlook. And Verizon (VZ) said it grew profit and revenue more than investors anticipated.

Kelly noted in a memo on Monday that some corporate gains are a one-time result of the new tax law, and that earnings growth is poised to slow to single-digit growth next year.

"Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by CNN's business correspondents, the 15-minute program features incisive commentary from experts.

You can watch "Markets Now" at CNN.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

Article Comments

Mason City
Few Clouds
74° wxIcon
Hi: 74° Lo: 56°
Feels Like: 74°
Albert Lea
Clear
70° wxIcon
Hi: 70° Lo: 57°
Feels Like: 70°
Austin
Scattered Clouds
70° wxIcon
Hi: 73° Lo: 57°
Feels Like: 70°
Charles City
Clear
68° wxIcon
Hi: 70° Lo: 55°
Feels Like: 68°
Rochester
Broken Clouds
62° wxIcon
Hi: 65° Lo: 54°
Feels Like: 62°
Showers coming back for the work week.
KIMT Radar
KIMT Eye in the sky

Latest Video

Storm Team 3: After heavy rain this weekend, more is on the way

Image

Ride to Fight Suicide hopes to prevent suicide

Image

Bridgeport Marina Projects looks to make Albert Lea safer

Image

Famous potato raises money for Rochester Flyers

Image

Dog attack in Mason City

Image

Mason City man attacked by dog

Image

SX Weather Cutin June 15

Image

Cutin June 15

Storm Team 3: Severe storms possible this afternoon and evening

Image

Williamson heads to Mariners

Community Events