|Day's Range||25,261.72 - 25,674.66|
|52 Week Range||25,125.22 - 33,484.08|
American equities tumbled the most since last week’s rout, all but wiping out Tuesday’s rally, as investors fretted over the U.S.-China trade war’s impact on economic growth, the Italian debt crisis and rising interest rates.
U.S. stocks are sharply lower Thursday as technology and internet companies, industrials, and companies that rely on consumer spending all skid. Aircraft maker Textron and tool maker Snap-On slumped after releasing their quarterly reports, and other big manufacturers also traded lower. INDUSTRIAL WOES: Aircraft maker Textron slid 9.2 percent to $58.81 after its profit and sales fell far short of analyst forecasts.
Stock markets mostly dipped on Thursday on the news that some policymakers at Federal Reserve think interest rates should continue to be raised until they are slightly restrictive. The future contracts for the Dow Jones industrial average and for the S&P 500 were both down 0.4 percent. FED TALK: The Federal Reserve's minutes from its meeting in late September, when it raised interest rates for the third time this year showed some participants thought the Fed's key interest rate would eventually need to "become modestly restrictive" to ensure inflation doesn't climb too high.
Asian stock markets fell Thursday, after Wall Street logged losses and Federal Reserve meeting minutes suggested more U.S. interest-rate hikes ahead. Chinese stocks led the region lower.
China's benchmark stock index skidded to four-year lows on Thursday, dragging Asian equities lower, while the dollar hit a one-week high as minutes of the Federal Reserve's latest meeting reinforced expectations ...
China's benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence. The dollar, however, was in fine fettle, hitting a one-week high after the minutes of the Federal Reserve's latest meeting backed market expectations for borrowing costs to rise further.
Minutes from the U.S. Federal Reserve's meeting in September released Wednesday showed that the central bank was committed to a path of gradual rate hikes to steady the economy.
Treasuries declined and the dollar gained as Fed minutes appeared to lean toward the chance of more hikes in the future. Gains by banking giants Goldman Sachs and Morgan Stanley couldn’t counter concerns about China that hit Technology stocks, as well as worries about the Fed’s path that seeped into rates-sensitive shares. The dollar rose the most in two weeks before a report expected Wednesday by the U.S. that could label China a currency manipulator.
The S&P 500 surged more than 2 percent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health-care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in the futures session as Netflix rallied on a surge in net subscribers.
Asian stock markets gain Tuesday, partly reversing a broad selloff to start the week and largely shaking off modest losses on Wall Street.
Global stocks trade mostly higher on Tuesday morning. The political tension between the US and Saudi Arabia over the disappearance of Jamal Khashoggi remains in focus.
Risk appetite trickles back into the markets early on supporting the commodity currencies, while the Kiwi gets a boost from Q3 inflation numbers.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Adam Shapiro to discuss the latest market moves.