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Indexes drop as investors rotate from growth to value stocks

Stock Markets Apr 28, 2020 04:20PM ET
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© Reuters. The spread of the coronavirus disease (COVID-19) in New York
 
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NEW YORK (Reuters) - Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.

The Dow Jones Industrial Average (DJI) fell 32.23 points, or 0.13%, to 24,101.55, the S&P 500 (SPX) lost 15.09 points, or 0.52%, to 2,863.39 and the Nasdaq Composite (IXIC) dropped 122.43 points, or 1.4%, to 8,607.73.

Indexes drop as investors rotate from growth to value stocks
 

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Comments (27)
Sridhar N Rao
Sridhar N Rao Apr 28, 2020 10:32PM ET
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Don't follow the herd! Wait for the fall and then buy growth stocks. Add cyclicals from Metals, Auto, etc. Keep couple of Consumer Durables and a 2 -3 strong banks. Top it up with 2 - 3 tech stocks. One or two energy or Oil stocks should help in the long run actually. Your portfolio is done for the next 5 - 10 years! Review the weightage annually or when a major change happens in the economy or its direction. Most importantly, don't act on what you read in the newspapers in between your planned reviews. Your life will be good.
me ish
me ish Apr 28, 2020 10:32PM ET
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yeah, definitely another leg down for the market overall - probably at least testing the recent lows, perhaps even down to half the peaks - for the Dow around 15K
Zachary Buszta
Zachary Buszta Apr 28, 2020 4:50PM ET
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The Turkey markets are at $100,000
Zachary Buszta
Zachary Buszta Apr 28, 2020 4:45PM ET
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The Argentina Markets went up almost 11 % percent today.
Shane Thomas
Shane Thomas Apr 28, 2020 3:10PM ET
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Reuters is horrible, why print it?
Jan Buyle
Jan Buyle Apr 28, 2020 3:10PM ET
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Nobody forces you to read Reuters coverage!
Fa We
Fa___We Apr 28, 2020 1:13PM ET
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Which means so or so we are toast
Varga Róbert
Varga Róbert Apr 28, 2020 12:57PM ET
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There are always some 'hope' why the markets can go up.... Let's hope like in the animation movies...
Apr 28, 2020 12:55PM ET
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look europe adidas -90% earnings bp -60% hsbc-70% santander -80% all good buy eu indices up 1-2% up today on optimism when reality is far behind
Fabio falec
falec Apr 28, 2020 12:55PM ET
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It's temporary, 1 year and you will see these values but reversed.
John Mars
John Mars Apr 28, 2020 12:55PM ET
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"Market moves up due to promising quarterly earnings" - 1 hour later - "Market retreats due to quarterly earning jitters" - So annoying...
Pól Hansen
Pól Hansen Apr 28, 2020 12:55PM ET
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Market is moving up, because its 9 mounts infront of the real economy
Tonemeister CEO
Tonemeister CEO Apr 28, 2020 12:55PM ET
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Hopium for markets. Buy the rumour, then sell the fact. Now if they waited till the announcements, everyone would be in on it. We can't have a disorderly exit. That might scare aware the vic's.
me ish
me ish Apr 28, 2020 12:55PM ET
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that's the news for you! Keep looking at the fundamentals and only a handful of small cap stocks are good value right now - as are junior precious metals miners - most of the big players are well overvalued - perhaps BB Bic is a good buy right now.
David Knight
David Knight Apr 28, 2020 12:48PM ET
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my cat owes me rent. do I have a "liquidity" problem or did I fund bad debt? it's called chapter 7 bankruptcy. trump simply went bankrupt.
me ish
me ish Apr 28, 2020 12:48PM ET
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whatever it takes to comply with the silly rules and to get some freely printed money.
Kilo Byte
Kilo Byte Apr 28, 2020 12:44PM ET
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The guy who presses the "Print" button at the Fed had to go urinate.  Watch the numbers magically begin to rise again.
 
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