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Indexes drop as investors rotate from growth to value stocks

Published 04/28/2020, 06:39 AM
Updated 04/28/2020, 04:20 PM
© Reuters. The spread of the coronavirus disease (COVID-19) in New York

NEW YORK (Reuters) - Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.

© Reuters. The spread of the coronavirus disease (COVID-19) in New York

The Dow Jones Industrial Average (DJI) fell 32.23 points, or 0.13%, to 24,101.55, the S&P 500 (SPX) lost 15.09 points, or 0.52%, to 2,863.39 and the Nasdaq Composite (IXIC) dropped 122.43 points, or 1.4%, to 8,607.73.

Latest comments

Don't follow the herd! Wait for the fall and then buy growth stocks. Add cyclicals from Metals, Auto, etc. Keep couple of Consumer Durables and a 2 -3 strong banks. Top it up with 2 - 3 tech stocks. One or two energy or Oil stocks should help in the long run actually. Your portfolio is done for the next 5 - 10 years! Review the weightage annually or when a major change happens in the economy or its direction. Most importantly, don't act on what you read in the newspapers in between your planned reviews. Your life will be good.
yeah, definitely another leg down for the market overall - probably at least testing the recent lows, perhaps even down to half the peaks - for the Dow around 15K
The Turkey markets are at $100,000
The Argentina Markets went up almost 11 % percent today.
Reuters is horrible, why print it?
Nobody forces you to read Reuters coverage!
Which means so or so we are toast
There are always some 'hope' why the markets can go up.... Let's hope like in the animation movies...
look europe adidas -90% earnings bp -60% hsbc-70% santander -80% all good buy eu indices up 1-2% up today on optimism when reality is far behind
It's temporary, 1 year and you will see these values but reversed.
"Market moves up due to promising quarterly earnings" - 1 hour later - "Market retreats due to quarterly earning jitters" - So annoying...
Market is moving up, because its 9 mounts infront of the real economy
Hopium for markets. Buy the rumour, then sell the fact. Now if they waited till the announcements, everyone would be in on it. We can't have a disorderly exit. That might scare aware the vic's.
that's the news for you! Keep looking at the fundamentals and only a handful of small cap stocks are good value right now - as are junior precious metals miners - most of the big players are well overvalued - perhaps BB Bic is a good buy right now.
my cat owes me rent. do I have a "liquidity" problem or did I fund bad debt? it's called chapter 7 bankruptcy. trump simply went bankrupt.
whatever it takes to comply with the silly rules and to get some freely printed money.
The guy who presses the "Print" button at the Fed had to go urinate.  Watch the numbers magically begin to rise again.
In February I told you to stay safe the market will go down... Now I tell you the same, stay safe the market will go even lower than the last time.
Why do you say this? I really would like to hear your view. I started to hear the same from many people. Thank you
Resurgence in cases? Cases are still rising
yeah opening up economies right now, without some serious social distancing measurs for workers, is just going to mean a higher rate of increase of new cases - they'll go back to work and then get sick and take two weeks off or maybe even die -if they're not very fit and healthy or old -like over 55!
outliers are facts in the market. fed buying red to feed positive sediment. vol rockets and movement haults.
its hilarious watching vol climb and the market just STOPS after going barely red. that's clearly gov funded buying. I dinally feel bad for the banks and investment houses being strong armed and they have been strong arming for years. now there broker is feeling what it's like to have your advisor trade against you.
We are the Crash that only We can stop. If everyone stays calm quit panicking there will be no crash
We are at the whole beginning of this. The crash is coming.
Expectations low on further central bank easing means only 10 more trillion $ stimilus buying by Fed n only Equities n bonds to be bought for now...
Take "hope" to the bank and see what its value is as collateral
hopes an intersting idea. It can last 2-3 month.
Upbeat on bs earnings
There is so much hope out there, but no facts. Hope is a false lie.
There is no hope, a lot of lawers will work after reopen.
No surprise here
jump because of 3m. funny. I'm long the market but not because of this. it's being propped after that's over we will see the real fundamentals come in. it won't be pretty
Evidently, the market only had the bad news priced in. The states reopening never was.
Oh the market always has everything priced in ;)
Nope. Markets have all the good news priced in. The bad news has been forced to the background by printing billions and low interest rates
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