Apple, Philip Morris, chip stocks lead Wall Street slide; financials gain

US stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G.
A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and an Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.

Apple's shares also fell 2.3 percent, with analysts telling Reuters that TSMC's warning was related to the iPhone maker. Apple was the biggest drag on the Dow Jones Industrial Average and the Nasdaq.

TSMC's US-listed shares fell 6.3 percent. Intel declined 3.1 percent, falling the most on the Dow. All stocks on the Philadelphia SE Semiconductor index were in the red, with the index itself tumbling 3.9 percent.

The S&P consumer staples sector declined 3.2 percent as Philip Morris plunged 17.4 percent after the tobacco company's weak results and forecast.

US stocks roar back as trade war fears fade; Dow jumps 2.84%

Stocks rose almost everywhere on Monday, reflecting optimism that the United States and China are set to begin negotiations on trade.

MSCI's world equity index, which tracks shares in 47 countries, rose 1.53 percent after touching its level since Feb. 9, stirred by expectations that U.S. Treasury Secretary Steven Mnuchin would try to reach an agreement with China.

Hope of a rapprochement abbreviated the markets' hangover about a trade war pitting the world's two largest economies against one another.

The Dow Jones Industrial Average rose 669.4 points, or 2.84 percent, to 24,202.6, the S&P 500 <.SPX> gained 70.29 points, or 2.72 percent, to 2,658.55 and the Nasdaq Composite added 227.88 points, or 3.26 percent, to 7,220.54. Each index turned in its best day of performance since August 2015. 

Wall St bounces back 1%; yields on 10-year US notes end week little changed

Wall Street's three main indexes rose more than 1% on Friday, bouncing back from a steep selloff this week that pushed the Dow Jones Industrial Average and the S&P 500 into correction territory

Stocks had plunged 4% on Thursday, sending the Dow and the S&P more than 10% below their record highs on Jan. 26 and adding to the sense that rising US government bond yields had begun a major correction to nine years of near uninterrupted gains for Wall Street.
The yield on benchmark 10-year US Treasuries, which tends to be the driver of global borrowing costs, was hovering at 2.85%, set to end the week little changed since hitting a near a four-year high of 2.885% Monday.

"The fact that Monday's lows were breached (on Thursday)signals more trouble ahead and rallies are likely to give way to rising bond yields," said Peter Cardillo, chief market economist at First Standard Financial in New York.

After Monday's drop, Wall Street extends losses as bond yields creep up

US stocks markets took another beating in early Thursday trade as a rise in bond yields and higher inflation continued to unnerve investors following a historic drop on Monday.
The 10-year US Treasury yield crept back to a high of 2.884 per cent, near Monday's four-year peak of 2.885 per cent.

The market's main gauge of volatility, the CBOE Volatility Index, fell to 27.06 on Thursday, still more than twice the level it held over the past few months. The index hit its highest level since August 2015 on Tuesday.

"Volatility has eased but by no means is it low. It is still far above the long-term average and unease about higher interest rates remain," said Randy Frederick, vice president of trading and derivatives for Charles Schwab.

Wall Street slips in volatile trade after dropping 2% at session start

US stocks slipped in volatile trading on Tuesday following the biggest one-day declines for the S&P 500 and Dow in more than six years.
Major indexes swung from negative to positive and back after starting the session down 2 percent.
The sharp declines in recent days have marked a pullback long-awaited by investors after the market has minted record high after record high.
"Put your seatbelts on.

It's going to be a volatile ride for the next several trading sessions," said Chad Morganlander, portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey.
"Fundamentals are moving forward in a positive way, which gives us confidence that in the long run you'll continue to see higher highs within the markets."