NewsWatch: Hang in there through the summer swoon — here’s the case for S&P 3,000


The stock market’s animal spirits are licking their wounds this morning. Investors should hang in there through any summer correction, says Blackstone’s Byron Wien for our call of the day. See full story.

Nasdaq poised for third day of losses as tech-sector stumble holds back index

U.S. stocks may notch losses at the open Wednesday, with investors seen taking a cautious approach as the slide in technology shares weighed on minds. See full story.

OPEC, have no fear: The U.S. oil-shale output crash is here

The energy industry is already suffering from the impact of spending cuts over the last several years, says Phil Flynn, senior market analyst at Price Futures Group.

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