Shock sale for US indices - Dow loses more than 660 points

Yesterday was extremely heavy for investors on US stock markets. The blue-chip index Dow Jones Industrial Average lost the devilish 666 points in its largest decline since June 2016.
The broad S&P 500 Index fell 2.1 percent to 2 761.91 points, or its lowest level since January 10. The European Stoxx Europe 600 reduced its value by 1.4%, bringing its weekly loss to 3.1%.
The rise in interest rates on US bonds, owing to expectations of further interest rates in the world's largest economy, largely predetermined the decline.
Investors had no place to hide in the stock market, as the 11 major sectors of the S&P 500 index declined. The five-day fall in the broad index took 3.9% of its value, the first such drop from a record 404 days. Energy companies lost 4.1% after the results of companies in the sector continue to disappoint, the price of oil has fallen.
Sales of technology companies declined, with the Nasdaq 100 Index down 2.1%. For the week, the index fell by 3.7%, or the most since February of 2006. Even the record price appreciation of Amazon.com Inc. could not soften the indicator's cut. It's at its lowest levels since October.

JPM: The S&P 500 targets 3,000 in 2018

Tax reforms will continue to support the growth of US markets. This is the opinion of financial experts from the US financial institution JPM.
The US bank analyst team expects the US indices to perform well. For this, Trump's tax reform may help, which, is extremely close to acceptance.
Stable growth, weak monetary policy, low interest rates and taxes will be among the factors that will lead to a rise in US indices next year. The goal of the broad US S&P 500 is expected to reach the psychological limit of 3,000 points in the next year.
Of course, there are analysts who are not as positive about the future of the indices. According to some, next year, though good for investors in general, may be related to risks.

GS: S&P 500 at 2 400 points by the end of the year

The US economy is growing at a healthy pace, which has already brought the US indexes to new record highs, commented GS chief financial analyst David Kostin. He acknowledged that a synchronized rise in economic activity around the world was a major reason for the appreciation of the stock.
Now, however, Kostin warns investors to be careful. He pointed to the ISM Manufacturing Index, which is at a 13-month high of 60.8 points in September. Indicator value is above 50 points, signaling growth.
In other words, according to Kostin, the current ISM index values ​​could signal a peak in the economy.
And as we know, expectations are being traded in the markets. When expectations begin to slow down, markets are also following.
Kostin predicts the blue chip index S&P 500 to drop to 2 400 points by the end of the year. Despite these expectations, he likes growth-oriented stocks.

Dow Jones Industrial Average for the first time rose above 19,000 points

Indexes in Europe recorded gains supported by growth in the oil price and positivism overseas. The price of oil reached a month high today amid expectations that OPEC will agree to limit yields. The market continues to be sensitive to comments from OPEC members, but expectations for an agreement are growing, despite opposition from Iraq and Iran.
German DAX 30 ended with an increase of +0.27% at the level of 10713 points. Here the gains came from stocks of Thyssenkrupp who have added +2.85%, followed by Deutsche Telekom with a daily increase of +1.67%.
Britain's FTSE 100 rose by +0.62%, closing the session at 6819 points.
France's CAC 40 also ended at green area adding +0.41% to close at 4548.35 points.
Dow Jones, S&P500 and Nasdaq ended the session on Tuesday at record high levels. For the first time since March 1998 indices ended for second consecutive trading session, both reaching a record at once.
The data showed that existing home sales rose in October by 2% annual growth to 5.6 million units, the highest level in nine years and a half.
S&P500 also reached a record, rising above 2200 points, leading sectors are real estate and energy, recording daily growth of +0.22%. It closed at 2202.94 points.
Technological Nasdaq Composite added +0.33%, closing the day trading at a level of 5386.35 points.