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0.000256231926498017 -0.000109813682784775 0.000497089937406265 0.00274534206962188 0.00120795051063357 -0.0020864599729126 -0.00816281708700911 -0.0118598777407665
Stock impact report

Stocks need to cross two hurdles before the market can find its bottom: PNC [CNBC]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CNBC
Deep into November, the stock market has still not been able to shake its October blues. From heavy losses on Monday to intraday indecision on Tuesday, the Dow and S&P 500 have failed to return to the highs recorded a little less than two months ago. Jeffrey Mills, co-chief investment strategist at PNC Financial Services Group, said history suggests a few market moves need to happen before the bottom is in and the march higher can continue. We're still working through this corrective phase a little bit and I think that could take some time. We haven't quite seen the internal thrust that we like to see off durable lows, he said Tuesday on CNBC's Futures Now . In a post-midterm election rally a week ago, for example, the move higher had a ratio of 4 to 1 advancers to decliners. Mills said a stronger internal thrust is seen when that ratio reaches at least more than 5 to 1. Historical data also suggest markets have to return to October lows before they reach a Show less Read more
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