|Day's Range||7,738.35 - 7,786.33|
|52 Week Range||6,190.17 - 8,176.08|
U.S. stock futures fell before market open Thursday as further signs of a protracted trade war between the U.S. and China weighed on risk assets.
Investors seem to be worrying over trade, but analysts say the recent pullback in stocks isn't a reason to panic. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with Duy Nguyen, CIO and Head of Global Advisory Solutions at Invesco, and Doug Sandler, Global Strategist at RiverFront Investment Group.
As the trade fight with China rages on, Invesco CIO and Head of Global Advisory Solutions Duy Nguyen says there's 'way too much risk' for investors in China right now. He spoke with Yahoo Finance's Alexis Christoforous and Brian Sozzi.
The Dow Jones Industrial Average was set to open down more than 200 points after trade tensions took a turn for the worse overnight.
Not too long ago, Americans worshipped Silicon Valley, technology companies, and their brilliant, driven founders. One of the purest tech plays — the Invesco QQQ Trust (QQQ) — has soared an eye-popping 603% during that time, also excluding dividends. Companies in the crosshairs of public ire — especially Facebook (FB) and Alphabet (GOOG)(GOOGL) parent company of Google — have seen their stocks lag, while others, like Amazon (AMZN) and Microsoft (MSFT) which has put its legendary legal troubles behind it, have way outperformed.
Ministry of Commerce spokesperson Gao Feng says the American ban on China companies — notably Huawei Technologies — is a threat to “the global industrial supply chain.”
Stock futures fell on fears that China trade war won't be short-lived. That's a bad sign for the stock market rally attempt. Tesla stock extended losses.
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution to the U.S.-China trade war. Meanwhile, restrictions on Chinese telecommunications giant Huawei have led China to rethink its entire economic relationship with the U.S., according to a report from The South China Morning Post.
The Dow Jones Industrial Average tumbled 0.39% to close at 25,776.61. The S&P 500 slipped 0.28% to end at 2856.27, and the Nasdaq Composite fell 0.45% to close at 7750.84.
Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China.
The Dow Jones Industrial Average cut early losses but small caps took a pretty big hit. Some growth stocks continue to act bullishly.
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew. Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision.
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew. Fears that tit-for-tat tariffs and other retaliatory actions by the United States and China will hamper global growth have kept investors on edge, putting the S&P 500 on track to post its first monthly decline since the December sell-off.
Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights. Relief over Washington's temporary relaxation of curbs against China's Huawei Technologies Co Ltd faded after reports that the White House is considering further sanctions on Chinese video surveillance firm Hikvision. The yen and franc gained against the dollar and U.S. Treasury prices rose, but declines in U.S. and European equity markets were relatively subdued after recent sell-offs.
U.S. stocks ended lower at the closing bell on Wednesday after a raft of weaker-than-expected earnings from retailers overshadowed the Federal Reserve's minutes where it reiterated the central bank's patient stance. The S&P 500 fell 0.3% to finish around 2,856. The Dow Jones Industrial Average retreated 101 points, or 0.4%, to end near 25,776. The Nasdaq Composite was down 0.4% to finish around 7,751. Shares of Lowe's Cos. and Nordstrom Inc. fell 9% and 12%, respectively, after both delivered worse-than-expected first-quarter earnings. The Fed's minutes from its most recent meeting showed officials were comfortable with the central bank's accommodative policies, though they were split on the outlook for interest rates. Trade tensions continued to linger in investors' horizons even as China's ambassador to the U.S. said late Tuesday Beijing was open to renewing trade negotiations.
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. The Dow Jones Industrial Average fell 100.85 points, or 0.39%, ...
Dallas Fed President Robert Kaplan said Wednesday that he is solidly in the "patient" camp on interest rates and had no position on whether the next interest rate policy move will be to ease or tighten. Asked on the Fox Business Network if the next move by the Fed would be a rate cut, Kaplan replied: "We're basically, I think, at the right policy setting. I'm sort of agnostic at this point between about moving rates up or down." Kaplan said he would need to see something "compelling" that would cause him to end this patient stance. Financial stability concerns was one reason not to cut rates now, he said. "I'm hesitant while we're at or past full employment and the economy is running at solid rates... that adding further accommodation to the economy could create excesses and imbalances that could be painful to deal with in the years ahead," Kaplan said. While he is not a voter, Kaplan is influential given that he is a member of a small subcommittee of Fed officials that focuses on communication strategy.
A mini “bullish technical divergence” pattern in Tesla’s stock chart suggests bulls still have some hope, at a time that many on Wall Street appear to have thrown in the towel on the electric car maker’s prospects.
The stock market was mildly lower Wednesday, but it was a resilient performance in light of an 11% decline for Qualcomm stock.
The minutes from the latest meeting of the Federal Open Market Committee offered no market-moving news, leaving stocks lower, as they were earlier in the day.