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Market Update by Yahoo Finance: December 4, 2018



US. Stocks fell significantly, reversing earnings earlier in the week.

The S & P 500 (^ GSPC) dropped 2.69% or 74.96 points from 1:51. ET, whereby bank shares are declining. The Dow (^ DJI) lost 2.72% or 702.46 points. The industrial group Caterpillar (CAT) was the worst index with a decline of 5.67% to 131.07 USD per share. The Nasdaq (IXIC) fell 3.15% or 234.17 points.

Equities returned after a strong session on Monday. Investors' appetite for risk had increased after President Donald Trump and Chinese President Xi Jinping's meeting at the G20 summit over the 90 days led to new tariffs for 90 days, easing concerns over US-China trade tensions.

The bond The market in turn began the month with a recessive warning sign. On Monday, for the first time since 2007, there was an inversion of a portion of the US Treasury yield curve, with the yield on the 5-year Treasury note falling below the yield on the 3-year note. There has also been a reversal between yields on 2- and 5-year notes, with investors paying more to keep shorter-dated US Treasuries.

Annual returns remain upward. A reversal of the 2- and 10-year returns had preceded any US recession since the Second World War. As of 12:53 pm ET, the difference between 2 and 10 year yields deteriorated to 10.4 basis points, the lowest level in more than 11 years.

STOCKS: Apple is downgraded again, Homebuilder Toll Brothers reports order decline

<p class = "canvas-atom canvas-text Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " HSBC Deleted Apple (AAPL) Shares Hold on to Buy and lower its price target to $ 200 from $ 205. The company cited the weakening of the iPhone volume and the Raising value as reasons for the downgrade, adding: "US markets should remain solid, but emerging markets, foreign exchange and diversification are a headwind. In the short term, service growth could be a catalyst in the longer term. The rating seems too demanding, but it lacks catalysts. "Apple has further downgraded its stock prices lately by Bank of America, Merrill Lynch, Guggenheim and other companies Concerns over weak demand and macroeconomic headwind: Apple shares slumped 3.7% to $ 178 12:42 ET. "Data-reactid =" 21 "> HSBC downgraded Apple's stock (AAPL) to Hold and lowered its price target from $ 205 to $ 200. The company pointed to a modest iPhone volume and adding value as reasons For the downgrade, he added: "While US markets should remain solid, emerging markets, exchange rates and diversification are short term headwinds. The growth of services could be a catalyst in the long run. Valuation seems to be too low, but there is a lack of catalysts. "Apple Bank of America stocks, Merrill Lynch, Guggenheim and other companies, have recently been down for fear of weak demand and macroeconomic headwinds Apple slipped 3.7% to $ 178 at 12:42 ET (19659007)] Traders work at New York Stock Exchange (NYSE) floor in New York, USA, December 3, 2018. REUTERS / Brendan McDermid

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Great Brothers (TOL) rep For the first time in more than four years, there was a decline in quarterly orders and overshadowed solid quarterly results in sales and earnings. The luxury house group said orders pointing to future revenue fell 13% to 1,715 units in the three months ended October, while consensus expectations rose 6.5%. Net income increased to $ 311 million or $ 2.08 per share, exceeding estimates of $ 1.83 per share. Revenues were $ 2.46 billion, exceeding Wall Street expectations of $ 2.35 billion. Toll Brothers shares fell 1.13% to $ 33.15 at 12:43. ET, which mitigated some of the steep losses of the morning. "Data-reactid =" 33 "> Toll Brothers (TOL) reported a decline in quarterly orders for the first time in more than four years and overshadowed solid quarterly results The luxury home builder said that orders are due to future Revenues in the three months to October have fallen by 13% to 1,715 units, while consensus expectations have risen by 6.5%, or $ 2.08 per share, surpassing the $ 1.83 estimate Revenue of $ 2.46 billion surpassed Wall Street's expectations of $ 2.35 billion, with Toll Brothers' shares slipping 12:43% to $ 33.15 per share in the morning's steep losses .

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " AutoZone (AZO) surpassed Wall Street's expectations in terms of revenue and the sale of businesses n the same which led to higher stocks in early trading. The company achieved a profit of $ 13.47 per share and a net profit of $ 351.4 million. Bloomberg's expectations exceeded $ 12.25 per share. AutoZone also said that sales in the same stores, an important measure of retail health, rose 2.7% and surpassed estimates for a 2% increase. AutoZone's shares bucked the broader market downtrend on Tuesday afternoon, rising 5.55% to $ 870.22 (as of 12:44 pm). ET. "Data-reactid =" 34 "> AutoZone (AZO) surpassed Wall Street's expectations in terms of profits and sales in the same store and raised higher stocks in early trading, posting a gain of 13, $ 47 per share and net Revenues of $ 351.4 million exceeded Bloomberg's expectation of earnings per share of $ 12.25, and AutoZone also said that sales in the same stores were an important measure for the retail sector, up 2.7% and exceeding estimates of a 2% increase The broader market downturn on Tuesday afternoon rose 5.55% to $ 870.22 at 12:44 ET.

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<p class =" Canvas Atom Canvas Text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 37 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook, Instagram, Flipboard, LinkedIn and reddit. "data-reactid =" 38 "> Follow Yahoo Finance on Twitter Facebook, Instagram, Flipboard, LinkedIn and reddit.

< mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Read more by Emily: [19659023] " data-reactid = "39"> Read more from Emily:

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = " Netflix User Growth Exceeds Expectations, Stocksum " data-reactid = "40"> Netflix User Growth Exceeds Expectations, Stocksum [19659011] <p class = "canvas- atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Now is a & # 39; once & # 39; In-a-lifetime opportunity "to invest in US pot companies," says the investor "data-reactid =" 41 "> Now, there is a unique opportunity in US pot companies invest investor says

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Es gives "4 headwinds" facing market rights now -reactid = "42"> There are now "4 headwinds" the markets are now targeting.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em.)) – sm" type = "text" content = " Ark Invest CEO: Tesla's is a repeat of Apple's "data-reactid =" 43 "> Ark Invest CEO: Tesla's is a repeat of Apple's

< p class = "Canvas Atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " China's economic slowdown could be a problem for Apple "data-reactid =" 44 "> China's economic slowdown could be a problem for Apple


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