See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
The Goldman Sachs Group, Inc. (GS) - free report >>
JPMorgan Chase & Co. (JPM) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Goldman Sachs Group, Inc. (GS) - free report >>
JPMorgan Chase & Co. (JPM) - free report >>
Image: Bigstock
Why is the Stock Market Sliding Today?
The stock market took a dive on Wednesday thanks mostly to Apple (AAPL - Free Report) and a broader decline in bank shares.
The Dow Jones fell 350 points at one point after rising over 200 points earlier in the day. The S&P 500 pulled back about 1.3% while the Nasdaq Composite traded 1.3% lower.
Shares of Apple (AAPL - Free Report) took a big hit after Guggenheim downgraded the stock. This downgrade comes as UBS slashed its 12-month price target on AAPL and a target drop at Goldman Sachs. Overall, investors are worried about a slowdown in future iPhone sales.
Shares of Goldman Sachs (GS - Free Report) , J.P. Morgan Chase (JPM - Free Report) and Citigroup (C - Free Report) all fell as well after Democratic Rep. Maxine Waters said the Trump administration’s efforts to limit banking regulations “will come to an end.”
Stocks were also affected after Rep. Bill Pascrell, D-NJ, told Bloomberg News that the updated trade deal between the U.S., Canada and Mexico needs to be changed before it can pass through Congress.
Wednesday’s shaky moves follow a volatile trading session on Tuesday, with the Dow falling around 100 points at the close.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>