|Day's Range||24,667.12 - 24,889.46|
|52 Week Range||20,933.58 - 26,616.71|
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.
The Dow Jones Industrial Average turned its frown upside down after the minutes from the Federal Reserve's May 2 meeting were released. In today's After the Bell, we... •...give thanks to the Fed for taking ...
On a day stocks made gains, Lowe's rose on a report of an activist investor buying shares, and Target fell after missing profit expectations.
Investors who thought concerns about trade, particularly U.S.-China tensions, were fading into the background got a wake-up call after President Donald Trump expressed unhappiness with the state of negotiations Tuesday afternoon, while also casting doubt on whether a planned summit with North Korea leader Kim Jong Un will happen. Also, Trump is weighing trade measures that would cut European Union steel and aluminum exports to the U.S. by about 10%, a sign the bloc’s efforts to secure tariff exemptions aren’t satisfying the White House.
U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted "soon" if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labor market, minutes of the central bank's last policy meeting showed. Stocks turned higher after the news, with rate-sensitive S&P 500 utilities (.SPLRCU) and real estate (.SPLRCR) ending the day with the biggest percentage gains.
U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted "soon" if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labour market, minutes of the central bank's last policy meeting showed. Stocks turned higher after the news, with rate-sensitive S&P 500 utilities (.SPLRCU) and real estate (.SPLRCR) ending the day with the biggest percentage gains.
Global stock markets pared losses and the dollar cut gains on Wednesday after the release of minutes from the U.S. Federal Reserve's May 1-2 meeting amid heightened concerns that setbacks to U.S.-China trade talks would undermine world economic growth. The remarks came a day after Trump said he was not pleased with U.S.-China talks, reversing a rally pegged to the White House's optimistic comments about the discussions over the weekend that led to a strong rally on Monday.
Stock reversed earlier losses on Wednesday and finished slightly higher after the Federal Open Market Committee released minutes from its May meeting. Stocks fell earlier in the day after comments from President 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.
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. A day after saying he was displeased with the progress of U.S.-China trade talks, Trump said on Twitter that a deal was “moving along nicely,” but signaled he will attach new conditions. The administration has suspended its threat to impose tariffs on Chinese goods as talks continue, but Trump has said the U.S. wants to “go quickly” on a deal.
U.S. stocks closed modestly higher on Wednesday, after commentary from the Federal Reserve suggested the U.S. central bank was maintaining a calm attitude toward inflation. The Dow Jones Industrial Average ...
Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation. “Most participants judged that if incoming information broadly confirmed their economic outlook, it would likely soon be appropriate for the FOMC to take another step in removing policy accommodation,” the minutes said. Although inflation hit the Fed’s 2% target in the latest reading for March, for the first time in a year, officials were not convinced it would remain there for long.
Want to know why the Dow Jones Industrial Average is doing what it's doing? The S&P 500 has gained 0.2% to 2728.96, while the Dow Jones Industrial Average has advanced 12.13 points to 24,846.54. The Nasdaq Composite has risen 0.5% to 7413.33.
Shares of General Electric Co. plunged in very active trade Wednesday, putting them on track for the biggest selloff nine years, with losses accelerating after Chief Executive John Flannery started talking at an industry conference. The industrial conglomerate’s stock (GE) slid 7.4% in afternoon trade, enough to pace the Dow Jones Industrial Average’s (^DJI) losers. The stock was headed toward the biggest one-day drop since it plummeted 7.2% on Nov. 13, 2017 after Flannery, then newly named CEO, unveiled a transformation plan, including the halving of the company’s dividend.