|Day's Range||25,507.18 - 26,320.29|
|52 Week Range||21,712.53 - 27,398.68|
Another wild week in the markets sent the Dow more than 600 points lower last Friday alone, as investors considered the latest escalations in the U.S.-China trade war. Against this back-drop, this week is poised to be another busy one for markets.
As President Donald Trump pushes the Fed to weaponize its monetary policy against other countries, central bankers in Jackson Hole this week called for more coordination.
U.S. stock markets futures sharply dropped in early trading Sunday, following comments by President Donald Trump on Friday that escalated trade-war tensions. Dow Jones Industrial Average futures initially fell more than 300 points, or more than 1%, but recovered somewhat as the trading session progressed, and were last down about 200 points. S&P 500 futures and Nasdaq Composite futures also initially dropped by more than 1% each, but narrowed losses as the trading day progressed. On Friday, Trump said he would raise tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and hike tariffs on another $300 billion in Chinese imports to 15% from 10%, in two stages, on Sept. 1 and Dec. 15. Trump said Sunday at the G-7 summit in France that he had some regrets about hiking the tariffs, which the White House later clarified as meaning he regrets he didn't raise them higher.
White House spokeswoman Stephanie Grisham sought on Sunday to clarify comments from Trump, saying the president wished he had raised tariffs on Chinese goods even higher last week, even as Trump signaled he did not plan to follow through with a demand he tweeted on Friday that U.S. firms find ways to close operations in China.
It’s a particularly busy week ahead. The markets will need to monitor updates from the G7 summit, chatter on trade, Brexit and the stats.
The bond market sent a warning, and this time the stock market listened. Investors will be looking for clues in the week ahead that policy makers are listening, too.
A friendship between President Donald Trump and one of his most vocal advocates has taken an almost-Shakespearean twist.
Sounds like it’ll be raining jobs, growth and profit across the U.S. for the foreseeable future, if White House trade adviser Peter Navarro has it right. But, really, how long can it last and what happens when the easing stops?
This column is neither for nor against President Trump. The Dow Jones Industrial Average (DJIA) would have been 10,000 points higher if President Trump had not done the “right” thing. The answer to this question helps investors understand what may happen to the stock market if the trade war with China is resolved.
The Hayman Capital Management fund manager talked to CNBC about how monetary easing is catching fire around the world and will eventually bring U.S. interest rates all the way down to zero.
FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings.
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy.
Turns out hiring wasn’t quite as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The U.S. economy had about 501,000 fewer jobs as of March 2019
The further upping of trade barriers, along with President’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment.
The announcement caught traders off-guard and they responded in textbook fashion by buying safe-haven Treasury bonds, Japanese Yen and gold, while selling higher-yielding U.S. stocks. However, the moves were muted as investors put faith in Powell’s ability to soothe the sudden volatility.
“We can, however, try to look through what may be passing events, focus on how trade developments are affecting the outlook, and adjust policy to promote our objectives,” he added.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
U.S. stocks and Treasury yields sank after President Donald Trump said that American companies are “hereby ordered to immediately start looking for an alternative to China.”
President Donald Trump slapped back at Beijing, tweeting that new U.S. tariffs, slated to go into effect Sept. 1, would be at a rate of 15%, up from the planned 10%.