Century-old dow theory indicates more trouble ahead for US stock markets

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Century-old dow theory indicates more trouble ahead for US stock markets - Business Standard

Quick Summary:

This week, Delta Air Lines Inc.cut its profit outlook in half and American Airlines Group Inc.said its first-quarter loss would be roughly double its prior guidance.

Those worries came to the forefront over the past week as several airlines and retailers released cautious outlooks, citing weak demand.

The weakness in the two Dow indexes highlights how bearish signals are starting to come in fast from different corners of the market, he added, noting steep declines in homebuilders, chipmakers and industrials.