"In terms of trade-down, the best proxy we would have, although every recession is different, would be 2008," said group president Michael Hartshorn.

The S&P 500 briefly slipped 20% from its all-time high in early January, officially pegging the broadest measure of U.S. stocks in bear market territory.

Stock futures bounce on China rate cut, bargain hunting; Tesla shares gain as Musk vows '24/7 focus' amid lurid headlines; Applied Materials shares slide as chip sector disruptions clip Q2 earnings; Ross Stores shares tank after softer Q1 earnings, gloomy outlook and Monkeypox infections spread, with new cases in Quebec and Spain.

BMO chooses Broadcom, Pfizer, Cigna, Fortune Brands, Ross Stores, Parker-Hannifin, CSX and International Paper.

Investor confidence dwindled Friday as coronavirus cases in Europe started to rise again.

Ross Stores topped analysts' third-quarter earnings expectations, but fourth-quarter guidance is weighing on the stock.

Bank of America identifies 13 stocks that may suffer from tax-loss selling through Oct. 31 and then rebound afterward.

Ross Stores shares were lower after the discount retailer's guidance disappointed investors.

Stocks moving in premarket trading Friday include Foot Locker, Moderna, Ross Stores, Coinbase and Johnson & Johnson.

Universal Studios has begun construction on Epic Universe, its third theme park planned for Florida.

The e-commerce giant has just made a decision that suggests the health of the economy is not improving.

The Tesla CEO has put his offer for Twitter back on the table. And as rich as he is, investors are worried.