|Day's Range||25,496.20 - 25,670.80|
|52 Week Range||21,712.53 - 26,951.81|
Expectations for a painless resolution of the U.S.-China trade fight is giving way to fears of a prolonged battle that could dent global growth.
A trade war with China that is possibly escalating is not the real reason why the U.S. stock market has performed so poorly in recent weeks — including the 286-point decline in the Dow Jones Industrial Average on Thursday of this week. The culprit is the remarkable complacency of short-term stock market timers. This isn’t to say that a trade war isn’t something to worry about.
The U.S. economy has taken a turn for the worse — and it doesn’t look like things will get much better anytime soon. Here’s why.
The U.S. stock market will close Monday in observance of Memorial Day to honor and remember the brave men and women who died serving their country.
The push for legislation that would allow banks do business with cannabis companies without the risk of federal enforcement action is gaining momentum and credit unions are playing a key role.
The live-action “Aladdin” film starring Will Smith is expected to lead the box office over the Memorial Day holiday weekend, but estimates for receipts have been scaled back following some bruising reviews.
World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal. Tensions remained high, with China accusing U.S. Secretary of State Mike Pompeo of fabricating rumors after he said Huawei's chief executive was lying about the telecom network gear maker's ties to the Chinese government.
The rich are getting richer. It is a refrain that has certainly been uttered before, and likely will again, as Deutsche Bank’s chief economist says the gap between the haves and have-nots in the U.S. is, indeed, widening.
The Dow Jones Industrial Average jumped 95.22 points, or 0.37%, to close at 25,585.69. The S&P 500 added 3.82 points, or 0.14%, to end at 2826.06, and the Nasdaq Composite gained 8.73 points, or 0.11%, to close at 7637.01.
Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier. Stocks swung between gains and losses all week as investors weighed the prospect of a prolonged trade war between the U.S. and China. The modest gains snapped a two-day losing streak for the S&P 500 as investors saw opportunity after the previous days' wave of selling.
Key indexes capped a volatile week with modest gains in today's stock market, with the Dow Jones industrials and small caps taking the lead.
Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors. Trump said late on Thursday that he saw a resolution to the trade war with China "happening fast." He added that Chinese telecom equipment company Huawei Technologies Co Ltd, which the White House has blacklisted, could also be included in a trade deal.
U.S. stocks close higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease up on restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.
U.S. stock benchmarks closed out a woeful week for higher on Friday, heading into the Memorial Day holiday. Reports that President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China, helped to fuel some modest levels of optimism. However, all three major benchmarks finished the week with sizable losses, and the Dow Jones Industrial Average marked its longest weekly losing streak since 2011. The Dow finished Friday trade up 95 points, or 0.4%, at 25,585, the S&P 500 index rose 0.1% to 2,826, while the Nasdaq Composite Index ended up 0.1% at 7,637. For the week, the Dow declined 0.7%, marking its fifth straight weekly slump. The S&P 500 finished the week 1.2% lower, while the Nasdaq closed 2.3% lower for the week. Both the S&P 500 and the Nasdaq marked their third consecutive weekly loss. On the economic front, orders for durable goods fell 2.1% in April, less severe than the 2.4% decline expected by economists polled by MarketWatch. Core durable orders, a key measure of business investment, also declined, by 0.9%, the first decrease in four months. U.S. markets will be closed on Monday for Memorial Day.
Wall Street's major indexes edged higher on Friday in a rebound from the previous session's losses after hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged ...
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China. The S&P 500 index is on pace to end the week 1% lower, which would make it the third straight week of losses for the benchmark index, as markets worried that the trade war would result in a global economic slowdown.
Small caps led the stock market Friday afternoon as indexes came off session lows. Boeing gave the Dow its best boost of the day.
If the reports are anywhere near accurate, Peter Thiel may soon enjoy one of the financial world’s all-time richest returns.