Connect with us

archive

Biotech Bellyflop Corrects Itself Today

Biotech Bellyflop Corrects Itself Today (Reuters)

With the Dow Jones slipping 1.6 percent (^DJI), the S&P 500 diving 2 percent (^GSPC) and the Nasdaq sliding 3 percent (^IXIC) yesterday, investors were hoping for better news today to end the skid. They can keep hoping. The slaughter continues, with all three major U.S. indexes underwater again today. But the sector that’s been bleeding the most lately — biotech — is showing some intestinal fortitude, as the Nasdaq biotech index (^NBI) is up more than a percent, as of midday. But who knows how long that will last, or how much lower the major indexes will go if we see — as expected — a string of earnings disappointments for Q114? We could be looking at an extended swoon. Time to keep your powder dry.

Advertisement
Advertisement

TRENDING NOW:

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

archive

Dystopia Alert: A Decimating National Debt

archive

Guest Columnist: Why We Must Have a Border Wall

archive

Rising Social Agenda Brings Luster to Qualified Dividends

archive

With the Dow Jones slipping 1.6 percent (^DJI), the S&P 500 diving 2 percent (^GSPC) and the Nasdaq sliding 3 percent (^IXIC) yesterday, investors were hoping for better news today to end the skid.

archive

Biotech Bellyflop Corrects Itself Today

With the Dow Jones slipping 1.6 percent (^DJI), the S&P 500 diving 2 percent (^GSPC) and the Nasdaq sliding 3 percent (^IXIC) yesterday, investors were hoping for better news today to end the skid.

Biotech Bellyflop Corrects Itself Today (Reuters)

With the Dow Jones slipping 1.6 percent (^DJI), the S&P 500 diving 2 percent (^GSPC) and the Nasdaq sliding 3 percent (^IXIC) yesterday, investors were hoping for better news today to end the skid. They can keep hoping. The slaughter continues, with all three major U.S. indexes underwater again today. But the sector thatâ??s been bleeding the most lately — biotech — is showing some intestinal fortitude, as the Nasdaq biotech index (^NBI) is up more than a percent, as of midday. But who knows how long that will last, or how much lower the major indexes will go if we see — as expected — a string of earnings disappointments for Q114? We could be looking at an extended swoon. Time to keep your powder dry.

Written By

TRENDING NOW:

Connect
Newsletter Signup

Sign up for the Human Events newsletter