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President Trump says a summit with North Korea, planned for next month, may be delayed or not happen at all. Yahoo Finance’s Alexis Christoforous and Dion Rabouin have details.
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The Dow Jones Industrial Average is heading higher this morning as the U.S. and China continue to make progress on avoiding a trade war. Nasdaq Composite futures have gained 0.3%. From the looks of it, progress us being made on to avoid a full-blow trade war.
The S&P 500 and Nasdaq were down for the fourth time in five trading sessions. Stocks were falling on Wednesday, May 23, and global equities tumbled as sentiment was dented by comments from Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week.
The numbers: The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. What happened: May data showed strong gains in manufacturing production and new business. There were signs that manufacturers intend to boost production schedules in the coming months.
Trump signaled a new direction for the trade talks, saying the current track appeared "too hard to get done", a day after telling reporters that he was not pleased with the recent talks. The latest uncertainty comes as investors prepare to assess the Federal Reserve's May meeting minutes, scheduled for release at 2:00 p.m. ET, for indications of how many rate hikes are likely this year. The U.S. central bank lifted borrowing costs in March and policymakers are split between those who expect another two rate hikes this year and those who forecast three, in the backdrop of low unemployment, moderate growth and rising inflation.
U.S. stocks fell in early trading on Wednesday, as geopolitical and trade concerns continued to nag at investors, reversing optimistic sentiment toward these issues that had spurred an equity rally at the start of the week. Comcast Corp.(CMCSA) fell 1.6%.
In a note to clients that’s making the rounds, Goldman delves into the topic of flash crashes — like one in February and another in August 2015 — that have been blamed mainly on programmed trades. Goldman’s analysts question whether asset classes that have seen big growth in algorithmic trading — such as grain, crude oil and equities — can hold up in moments of heavy stress.
(Reuters) - Wall Street slipped at the open on Wednesday as U.S. President Donald Trump cast fresh doubts over current U.S.-China trade talks and investors awaited a Federal Reserve report for cues on ...
Wall Street slipped at the open on Wednesday as U.S. President Donald Trump cast fresh doubts over current U.S.-China trade talks and investors awaited a Federal Reserve report for cues on pace of future ...
U.S. stocks opened lower on Wednesday, as investors shied away from risky assets such as global equities and commodities amid continues worries over trade and geopolitics. The Dow Jones Industrial Average ...
Concerns about trade talks with China are said to be sinking the Dow Jones Industrial Average this morning. S&P 500 futures have declined 0.6% at 8:48 a.m. today, while Dow Jones Industrial Average futures have fallen 179 points, or 0.7%.
After a brief pullback last week, the S&P 500 started this week on a stronger note by surging to eight-week high price levels on Monday. Carrying forward the strength, the S&P 500 opened higher on May 22, lost strength, and declined as the day progressed. On May 22, seven out of 11 major S&P 500 sectors closed the day lower. Weakness in the industrials, energy, and materials sectors pushed the market lower. Strength in the financials and utilities sectors limited the market losses.
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.