Markets Unwind China, Oil Prices; UAL, IBKR, JBHT Report Q3
United(UAL) ZACKS·2024-10-16 06:51
Tuesday, October 15th, 2024 It was a trading day that flushed out some of the extreme positivity following Monday's close with the Dow and S&P 500 at new all-time highs. An unwinding of Chinese stock valuations as questions remain about fiscal stimulus plans going forward — JD (JD) sank -9% and Alibaba (BABA) was down -5.5% — met up with a notable drop in spot oil prices — ExxonMobil (XOM) -3%, Chevron (CVX) -2.7%. Overall, markets were down today: the Dow slipped -324 points, -0.75%, and the S&P was down - ...