Bloomberg dow now2/6/2024 ![]() It has run up 15.6% over the past three months, while the S&P 500 SPX has advanced 11.6%. Xerox’s stock has slumped 7.1% amid a four-day losing streak, which started after it closed at a 16-month high of $18.94 on Dec. As part of the reorg, the company said Louie Pastor returns as chief transformation and administrative officer and Flor Colon was appointed Chief Legal Officer, while Joanne Collins, president of Americas, and Tracey Koziol, chief product officer, have left the company. “The evolution of Xerox’s Reinvention aligns our resources in three key areas – improvement and stabilization of our core print business, increased productivity and efficiency through the formation of a new Global Business Services organization, and disciplined execution in revenue diversification,” said Chief Executive Steven Bandrowczak. Based on employee numbers disclosed in recent filings, that implies more than 3,000 employees will lose their jobs. XRX dropped 2.4% in premarket trading Wednesday, after the copier and printer maker announced a reorganization and shift to a business-unit operating model that targets cutting 15% of its workforce. CNN Sans ™ & © 2016 Cable News Network.Xerox targets cutting more than 3,000 jobs as part of reorganization, and stock extends losing streak Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account So, take a deep breath … and brace for some bumps in the road toward the end of the year. CNN Business’ story noted the day was “relatively devoid of news.”īut the mother of all end-of-year market chaos moments happened in a 10-day stretch to end 2018, when the Dow sank 4,000 points before staging one of the best days on record - a 1,086-point gain - before a roller coaster day the next trading day, which nearly wiped out all those gains. And on December 30, 2019, the Dow sank 200 points. Some market analysts cited “recession fears,” which ended up unfounded. On December 15, 2022, the Dow plunged 765 points for no real reason at all. Still worried? Let’s take a quick walk down memory lane…. With remaining traders opting to take some recently gained profits and stuff them in their pockets, momentum shifted as folks literally and figuratively headed for the exits. Low trading volume can also mean high volatility. There was “no clear spark for today’s drop.” That ultra-low volume often leads to so-called Santa Claus rallies, in which markets surge at the end of the year when few people are paying close attention.ĭespite the selloff, there was “nothing really new from a narrative perspective as things continue to slow into the holidays and year-end,” FactSet said in a note to traders. ![]() This is pretty much par for the course during the last few weeks of the year. CNN’s Fear and Greed Index, which was firmly in “Extreme Greed” territory to start the day, fell back into “Greed” territory to end the day.ĭon’t panic. The VIX volatility index spiked more than 7% Wednesday, peaking at about 3 pm ET before falling back somewhat. The Dow, which had been up nearly 100 points, ended the day almost 500 points lower. Within an hour, it had fallen more than 1%, and it ended the day down nearly 1.5%. A rebound in stocks sputtered, with the S&P 500 extending a slide from its July peak to 10 and entering a correction. Within minutes, the index was down a half a percentage point. It was on pace to hit a record - its first in nearly two years. The S&P 500, the broadest measure of the stock market, tumbled Wednesday afternoon, starting just after 2 pm ET.
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