|Day's Range||2,709.54 - 2,733.33|
|52 Week Range||2,403.59 - 2,872.87|
Who's afraid of a little inflation? Not the fed. Stocks pairing losses after their minutes
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President Trump is causing confusion over talks with China, after signaling he may need a “different structure” to complete a deal. Yahoo Finance’s Alexis Christoforous and Dion Rabouin have more.
World stocks slipped lower Thursday as investors reacted to yet another salvo in the renewed global trade war from President Donald Trump, although an easing of the U.S. dollar added some support to beaten down emerging market shares following a dovish statement on interest rates from the Federal Reserve. President Trump said Wednesday that he will launch a national security investigation into car and truck imports under Section 232 of the Trade Expansion Act, the same pretext he used to slap 25% tariffs on non-American steel and aluminium earlier this year. "There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry," Commerce Secretary Wilbur Ross said in a statement.
U.S. stock futures traded mixed on Thursday, May 24, as investors weighed a possible move by the Trump administration to impose new tariffs on automobile imports. Donald Trump said he will launch a national security investigation into car and truck imports under Section 232 of the Trade Expansion Act, the same pretext he used to slap 25% tariffs on non-American steel and aluminium earlier this year.
Once again, investors are learning the hard way about the pitfalls of investing in emerging markets stocks and bonds. Having outperformed a broad index of U.S. stocks by a wide margin in 2017, emerging markets stocks have headed in the opposite direction this year. The iShares JPMorgan USD Emerging Markets Bond ETF (EMB) is down about 5% so far in 2018, vs. a roughly 2% year-to-date loss in the iShares Core Aggregate Bond ETF (AGG) .
U.S. stock futures mostly showed little change early Thursday, as worries about North Korea appeared to offset a Federal Reserve release that was viewed as dovish. Traders are bracing for readings on home sales and jobless claims, along with more corporate earnings reports. Dow Jones Industrial Average futures (YMM18.CBT)inched up by 6 points, or less than 0.1%, to 24,865, while S&P 500 futures (ESM18.CME)edged higher by 2.30 points, or less than 0.1%, to 2,733.
BANGKOK (AP) — World shares are mostly higher despite losses in Tokyo after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts.
At around 4:15 a.m. ET, Dow futures slipped 4 points, indicating a slightly downbeat implied open. President Donald Trump tweeted Wednesday that negotiations between Washington and Beijing would need to have "a different structure" in order for both sides to find common ground and avert a global trade war.
Investing confidence has more to do with you than your ageDMAMBMCMDMEMGZBZBRZDZQZRZSZTZUIt is risky to ride a bicycle blindfolded. It is risky to walk over broken glass barefoot. It is risky to drink a hot beverage without checking its temperature.
Stock futures fell early Thursday as President Trump ordered a probe into whether auto imports undermine national security. North Korea made new threats. Apple, Nvidia, Charles Schwab, Microsoft and Splunk are top stocks holding near buy zones.
The S&P 500 fell significantly to start out the day on Wednesday, reaching down towards the psychologically and structurally important level of 2700. I believe that the value hunters will come into the markets rather soon though, as we continue the overall consolidation. However, there are couple of levels that could change my mind, at least for the short term.
U.S. stocks erased early losses and closed higher Wednesday after minutes from the Federal Reserve’s latest meeting showed the central bank plans to stay on a gradual path of rate increases even if inflation meets its target. Worries about the Fed raising rates faster than expected have buoyed Treasury yields and the dollar lately, and contributed to swings in stocks. Wednesday’s minutes showed the Fed remains on track to raise rates in June as expected, but that the central bank plans to stay on its moderate path as it boosts rates to historically normal levels and unwinds its balance sheet.
As technology stocks set the pace for US equities in 2018 and help sustain the S&P 500 in positive territory, the grim performance of consumer staples companies is a reminder that some sectors are struggling. The S&P consumer staples group has fallen some 13.4 per cent in the year to date compared with a rise of more than 9 per cent in the tech sector.
Equities across the Asia Pacific region were mostly lower on Thursday, led by Japanese and South Korean carmakers, after US President Donald Trump instructed trade officials to consider a national security ...