By the numbers: Stock market collapses on Christmas Eve, heads for worst December ever

Image result for By the numbers: Stock market collapses on Christmas Eve, heads for worst December everThe stock market is ending the year on quite the ugly note. Here is where we stand statistically:

MAJOR INDEXES:

  • S&P 500 closed down -2.71% Monday for its seventh negative day in 8 and its worst day since Dec. 4, when the S&P lost -3.24%
  • Until Monday, the Dow & S&P 500’s worst Christmas Eve ever was back in 1985, when they fell 0.63% and 0.69%, respectively
  • S&P hit a new 52-week low Friday of 2,351.10, its lowest level back to April 2017
  • MTD: S&P is down -14.82% on pace for its worst December ever back to back-tested inception in 1928, with the next worst December in 1931 when the S&P lost -14.53%, and its worst month since October 2008 when the S&P lost -16.94%
  • YTD: S&P is down -12.06% in 2018 on pace for its worst year since 2008 when the S&P lost -38.49%
  • Since Record: S&P is 20.06% below its intraday all-time high of 2,940.91 from Sept. 21 closing in bear market levels
  • The CBOE Volatility Index VIX hit a high so far today of 36.10, its highest level since Feb. 9, when the VIX hit a high of 41.06
  • Russell 2K small caps closed down -1.95% today for their 13th negative day in 14, hitting a new 52-week low today of 1,266.92
  • MTD: Small caps are down -17.37% MTD on pace for their worst month since October 2008, when small caps lost -20.90%
  • YTD: Small caps are down -17.49% YTD on pace for their worst year since 2008, when small caps lost -34.8%
  • Since Record: Small caps are 27.28% below their intraday all-time high of 1,742.09 from Aug. 31, closing in bear market levels
  • Dow closed down -2.91% today for its sixth negative day in 7 and its worst day since Dec. 4, when the Dow lost -3.1%
  • MTD: Dow is down -14.67% MTD, on pace for its worst month since Oct. 10, 2008, when the Dow lost -18.15% and on pace for its worst December performance since 1931, when the Dow lost -17.01%
  • YTD: Dow is down -11.84% in 2018, on pace for its worst year since 2008 when the Dow lost -33.84%
  • The Dow hit a new 52-week low today of 21,792.20, its lowest level since September 2017
  • Since Record: Dow is 19.14% below its intraday all-time high of 26,951.81 from Oct. 3, closing in correction levels
  • NASDAQ closed down -2.21% today for its seventh negative day in 8
  • MTD: NASDAQ is down -15.52% on pace for its worst month since October 2008, when the NASDAQ lost -17.73%
  • YTD: NASDAQ is down -10.29% YTD, on pace for its worst year since 2008, when the NASDAQ lost -40.54%
  • The NASDAQ hit a new 52-wk low today of 6,190.17, its lowest level back to August 2017
  • Since Record: NASDAQ is 23.9% below its intraday all-time high of 8,133.3 from Aug. 30, closing in bear market levels

SECTORS:

  • Sectors: 11 out of 11 sectors were negative today, led by Utilities down -4.27%, turning in their worst day since Aug. 8, 2011, when the sector lost -5.47%
  • 10 out of 11 sectors closed in correction levels or worse today:
  • Energy — 31.24% below their May 21 52-week high, closing in bear market levels
  • Materials — 26.15% below their Jan. 26 record close, closing in bear market levels
  • Financials — down 26.09% from their Jan. 26 52-week high, closing in bear market levels
  • Industrials — 25.23% below their Jan. 26 record close, closing in bear market levels
  • Tech — 24.13% below their Oct. 3 record close, closing in bear market levels
  • Consumer Discretionary — 22.99% below their Sept. 27 record close, closing in bear market levels
  • Communication Services — 22.61% below their Feb. 1 52-week high, closing in bear market levels
  • Consumer Staples — down 17.29% from their Jan. 26 52-week high close
  • Health Care — down 15.63% from its Oct. 1 record close
  • Real Estate — down -12.76% from its 52-week closing high
  • The least negative sector today was Communication Services — down -2.02% today
  • Sectors MTD: 11 out of 11 sectors are negative MTD, led by Energy down -18.1% on pace for its worst month ever through our history back to 1998, the next worst month is October 2008, when Energy lost -18.01%
  • The least negative sector MTD is Utilities, down -6.76%
  • Sectors YTD: 11 out of 11 sectors are negative YTD, led by Energy, down -25.31% YTD
  • Note all the S&P sectors have not closed in negative territory for the year since 200
  • The most positive sector YTD is Utilities, down -2.1%, closely followed by Health Care, down -2.31%

OTHER MARKETS:

  • Gold (FEB) has hit a high so far today of 1,273, its highest level since Jun. 25, when gold traded as high as 1,274.4
  • WTI (FEB) has hit a low so far today of 44.10, its lowest level since July 11, 2017, when WTI traded as low as 43.83
  • MTD: WTI is down -13.37%, on pace for its third straight negative month for the first time since June 2017 and its 4-month losing streak
  • QTD: WTI is down -39.82%, on pace for its worst quarter since Q4 2014, when WTI lost -41.56%
  • YTD: WTI is down -27.06% on pace for its worst year since 2015, when WTI lost -30.47%
  • Brent (FEB) has hit a low so far today of 51.83, its lowest level since Aug. 31, 2017, when Brent traded as low as 50.56
  • Dollar index is trading down -0.48%, on pace for its third negative day in 4
  • MTD: Dollar index is down -0.80%, on pace for its first negative month in 3
  • YTD: Dollar index is up 4.74%, on pace for its fifth positive year in 6
  • US 2-year note yielding 2.5927% vs last Friday’s close of 2.643%, hitting a low today of 2.589%, its lowest level since Aug, 22, when the 2-year yielded as low as 2.587%
  • US 5-yr note yielding 2.5927%, yielding about equal to the 2-year at 2.5927%

[“source-cnbc”]

Creative’s Super X-Fi Amp heads to the US

Story image for CREATIVE from CNET

Those living in the US can finally try out Creative’s SXFI Amp — and it will cost just $150.

The dongle can be used with any USB Type-C Android phone, or consoles such as the PlayStation 4, and dramatically expands the sound on your headphones such that they sound like it’s coming from speakers around you.

Retailing online on Nov. 1, the SXFI Amp delivers sound to your ears based on its ear shape and works incredibly well. Check out our hands-on for more information. The online launch in the US takes place after a soft launch in the company’s home market of Singapore, though US customers will not be able to get a custom ear fitting like in Singapore.

Lastly. Apple iPhone users who want to try out the magic will have to wait for the release of its Bluetooth SXFI Air headset, when it arrives, though Creative did not say when that’s launching.

Taking It to Extremes: Mix insane situations — erupting volcanoes, nuclear meltdowns, 30-foot waves — with everyday tech. Here’s what happens.

Fight the Power: Take a look at who’s transforming the way we think about energy.

[“source=cnet”]

Uber Heads in New Direction With Toyota on Self-Driving Cars

Uber Heads in New Direction With Toyota on Self-Driving Cars

Uber is teaming up with Toyota to build self-driving cars for its ride-hailing service after its efforts to do it alone were derailed by a fatal collision and allegations of high-tech theft.

Toyota, based in Japan, is also investing $500 million (roughly Rs. 3,500 crores) in Uber as part of the alliance announced Monday.

The deal aims to combine the best features from the two companies’ work on autonomous technology into cars that will be picking up Uber’s customers by 2021.

By the time that happens, Uber hopes to have completed an initial public offering of stock that will enrich a list of early investors that now includes Toyota. Those investors have been pouring billions of dollars into Uber’s revolutionary ride-hailing service that still hasn’t proven it can make money since its inception nearly a decade ago.

Uber is counting on self-driving cars to help it turn the financial corner by reducing the need to pay human drivers who arrive to pick up passengers in private vehicles summoned through a smartphone app.

By expanding into autonomous vehicles, Uber also hopes to ward off a looming competitive threat from another early investor, Google and its self-driving car spin-off Waymo, which is poised to launch its own ride-hailing service in Arizona before the end of this year.

“Our goal is to deploy the world’s safest self-driving cars on the Uber network, and this agreement is another significant step towards making that a reality,” said Uber CEO Dara Khosrowshahi.

Meanwhile, Toyota is trying to evolve from a pure automobile maker into a “mobility company,” as are many of its industry peers, including General Motors and Ford in the US. That crusade has prodded decades-old automakers such as Toyota and GM to invest in and partner with technology companies working on self-driving cars while also opening up their own research hubs in Silicon Valley.

Besides allowing them to lean on each other’s respective strengths, Toyota’s deal with San Francisco-based Uber also will help the two companies spread out the cost of designing and building the complex systems, which use computers, cameras, radar and laser sensors to guide the self-driving vehicles.

Uber is turning to Toyota for help in autonomous vehicles five months after one of its self-driving cars ran over and killed a pedestrian crossing a dark street in Tempe, Arizona.

The March 18 crash prompted Uber to temporarily suspend its work on its self-driving car program while conducting a safety evaluation.

Authorities determined the sensors on Uber’s self-driving car sensors spotted the pedestrian, 49-year-old Elaine Herzberg, but the vehicle’s automatic-braking function had been disabled in favour of a human backup driver. Tempe police said the driver was distracted and streaming a television show before the crash.

Uber had little choice but to find a self-driving car partner after the collision that killed Herzberg, said Navigant Research analyst Sam Abuelsamid.

“It’s going to be tough for them to build consumer trust in whatever it is they’re developing,” he said. “I think that people will have a lot more trust in Toyota to do this the right way, to take due care and make sure everything is properly tested and evaluated.”

Uber’s expansion into self-driving cars suffered another setback last year after Waymo accused it of stealing its technology in an elaborate scheme . The case went through one week of a high-profile trial before Uber agreed to pay Waymo $245 million in stock to settle the allegations without acknowledging wrongdoing.

[“Source-gadgets.ndtv”]