The Traderszone Network

Both of these Dow stocks are leaders in their industries, but which is better?

Fresh comment from Lane
The BOC outlined the possibility of negative rates late last year in the event of a crisis.

$15 oil ought to do it.           

The technology-heavy Nasdaq Composite fell nearly 3 percent to its lowest since October 2014, weighed down by Microsoft, Amazon and Facebook, while the Dow Jones industrial average shed more than 350 points. “Equities are in a ‘go-nowhere-fast’ mode, with a downward bias in the near term,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. Crude oil prices eased from their session lows, but were still down about 1 percent.

Analysts and onlookers said there was no bubble in tech stocks last year, but how can they explain the current carnage?

An increasingly important gauge of U.S. inflation tumbled last month to its lowest level since the Federal Reserve Bank of New York began the survey in mid-2013, in what could be taken as another warning bell for the U.S. central bank. The New York Fed’s survey of consumers found expectations for inflation one and three years in the future fell as Americans were more cognizant of lower gasoline prices and costs of medical care and college.

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The technology-heavy Nasdaq Composite fell nearly 3 percent to its lowest since October 2014, weighed down by Microsoft (MSFT.O), Amazon (AMZN.O) and Facebook (FB.O), while the Dow Jones industrial average shed more than 350 points. Crude oil prices eased from their session lows, but were still down about 1 percent.

Shares continue to churn lower along with the bulk of the entire biotech industry.