according to This is above the long-term average of 31%; neutral sentiment has been above the historical average for 20 straight weeks. "If the issue of a trade war goes away, our fundamentals are strong enough to support our going to new highs and beyond. But if the trade skirmish escalates into a full-blown trade war, that will swamp the fundamentals and equity markets will really suffer. If the issue becomes a full trade war, the S&P could drop 21%, enough to put it in bear-market territory. Just 61% of S&P stocks are below their 50-day, used as a proxy for shorter-term momentum trends.
collected by :Molly Tony
Asian markets mixed, as pharma stock Eisai weighs down Nikkei
S&P 500 futures ESU8-0.89% were down slightly, but futures for the tech-heavy Nasdaq NQU8-1.76% were down nearly 1% following the deep plunge in Facebook stock FB-0.78% in after-hours trading Wednesday. Eisai shares plummeted after news that the U.S. FDA said more testing is needed for a midstage Alzheimer's drug trial it is conducting with Biogen. Biogen BIIB-1.26% finished after-hours trading in the U.S. down 11% and Eisai JP:4523+2.11% slumped 10% in Tokyo, halving this month's stock surge. Chinese stocks were lower, with pressure coming from steel and computer names, while banking and property stocks remained steady. Hong Kong stocks slipped, with the Hang Seng HK:HSI+0.08% down 0.4%.Asia-Pacific markets mixed; BHP stock jumps after $10.5 billion deal
as declared in Read what happened to these people firstShe posted a photo on Facebook moments before taking her own life — it took her family days to remove itHis winning bet during the financial crisis garnered him fame—now, he's betting against TeslaAsia MarketsAsia-Pacific markets mixed; BHP stock jumps after $10.5 billion dealNikkei nudges higher, while indexes in China, Hong Kong fallAsia-Pacific stock markets were mixed Friday. Further declines in Chinese and Hong Kong stocks were joined by modest drops in Southeast Asian benchmarks, while more-robust gains persisted in Japan, Australia, Taiwan and New Zealand. BHP Billiton AU:BHP+2.26% rose more than 2% after agreeing to sell the bulk of its U.S. oil and gas assets to BP for $10.5 billion, and Oil Search AU:OSH+2.18% rose almost as much. South Korea's Kospi KR:SEU+0.26% was up 0.2% even as Samsung Electronics KR:005930 scratched back from early losses to close flat. Taiwan's Taiex XX:Y9999+0.59% rose as Taiwan Semiconductor TW:2330+1.45% rose 1.4%, while Singapore's Strait Times index SG:STI-0.11% dipped.collected by :Molly Tony
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