Stock market today: How stocks are doing today
Stock markets today are generally bullish, but a few major indexes have fallen off their recent peaks.
Here are some other interesting developments: On Friday, the Dow Jones Industrial Average (DJIA) fell 6.6%, but it’s been on a downward trajectory since late June, falling 5.3% over the past three months.
The S&P 500 (SPX) fell 2.3%, while the Nasdaq Composite (VIX) dropped 2.1%.
The index was off nearly 2% from the day before.
On Monday, the Nasay index (Nasdaq: NSC) rose 3.5%, but its gains have been less than 1% over five years.
The benchmark index of technology stocks (SPY) also fell, but its gain has been 3.7% over that same period.
In contrast, the S&P 500 fell just 2.9% during the same period and the NasDAQ Composite lost nearly 1%.
Also on Monday, Facebook (FB) also announced it would cut its workforce by 20% this year.
But the social network’s share price fell just 4% on Monday as investors wondered whether the company would cut the size of its workforce to cut costs.
And in mid-September, the Shanghai Composite fell 4.3%.
And on Friday, Chinese stocks were up 4.4% in a week, while stocks in Japan and Australia were up just 1.5%.
On Thursday, the Chinese economy grew at an annual rate of 3.9%, while U.S. growth was 3.6%.
In other words, China is growing, but it is growing at a slower pace than most other developed economies.
The latest data showed that China grew by just 1% in the third quarter, according to data from the Bureau of Economic Analysis.
Meanwhile, China’s manufacturing sector is expected to grow by just 2% in 2016, according the Chinese government’s central bank.
There is much more to come on these trends in the coming months.
For now, however, it looks like the stock market is going to be a bear market.
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