|Day's Range||7,730.77 - 8,005.34|
|52 Week Range||6,190.17 - 8,339.64|
Stocks tumbled after China said it would impose retaliatory tariffs on U.S. goods followed by Trump ordering U.S. companies to look for ‘alternatives to China.’ Bank of America Senior U.S. Economist Joe Song joined Yahoo Finance’s The Final Round with his take on whether U.S. consumers are feeling the impact from the trade war.
Another wild week in the markets sent the Dow more than 600 points lower last Friday alone, as investors considered the latest escalations in the U.S.-China trade war. Against this back-drop, this week is poised to be another busy one for markets.
As President Donald Trump pushes the Fed to weaponize its monetary policy against other countries, central bankers in Jackson Hole this week called for more coordination.
Futures fall: The stock market rally and Fed rate cuts are no match for President Trump's escalating China trade war. Watch Apple, Boeing, Tesla, Micron and Nike.
U.S. stock markets futures sharply dropped in early trading Sunday, following comments by President Donald Trump on Friday that escalated trade-war tensions. Dow Jones Industrial Average futures fell more than 300 points, or more than 1%, and S&P 500 futures and Nasdaq Composite futures were down by more than 1% each. On Friday, Trump said he would raise tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and hike tariffs on another $300 billion in Chinese imports to 15% from 10%, in two stages, on Sept. 1 and Dec. 15. Trump said Sunday at the G-7 summit in France that he had some regrets about hiking the tariffs, which the White House later clarified as meaning he regrets he didn't raise them higher.
White House spokeswoman Stephanie Grisham sought on Sunday to clarify comments from Trump, saying the president wished he had raised tariffs on Chinese goods even higher last week, even as Trump signaled he did not plan to follow through with a demand he tweeted on Friday that U.S. firms find ways to close operations in China.
Given China’s retaliatory tariffs on Trump’s August 1 tariffs and the gold market’s reaction, we have to expect China to hit the U.S. with a countermeasure that could send gold prices even higher.
A friendship between President Donald Trump and one of his most vocal advocates has taken an almost-Shakespearean twist.
The world’s No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing a recent chart shows.
Sounds like it’ll be raining jobs, growth and profit across the U.S. for the foreseeable future, if White House trade adviser Peter Navarro has it right. But, really, how long can it last and what happens when the easing stops?
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy.
The further upping of trade barriers, along with President’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment.
Second-quarter global dividends hit a new record, but the rate of growth slowed to 1.1%. Dividends were hurt by a strong U.S. dollar, as many currencies fell against the greenback.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
U.S. stocks and Treasury yields sank after President Donald Trump said that American companies are “hereby ordered to immediately start looking for an alternative to China.”
Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods. China's Commerce Ministry said in a statement early on Friday it would impose tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small aircraft.
President Donald Trump slapped back at Beijing, tweeting that new U.S. tariffs, slated to go into effect Sept. 1, would be at a rate of 15%, up from the planned 10%.
Federal Reserve Bank of Cleveland President Loretta Mester said interest rates are around "neutral," suggesting that she does not see the case for another rate cut yet.
Stocks plunged on Friday after China announced new tariffs on U.S. goods and President Donald Trump “ordered” American companies to leave China and possibly bring manufacturing back to the U.S.
President Donald Trump hit back at China Friday for its new tariffs on U.S. products by increasing American levies on Chinese goods. On Twitter Trump said 25% tariffs on $250 billion in Chinese products would rise to 30% starting Oct. 1. Separately, the remaining $300 billion in imports will be tariffed at 15% instead of 10% on Sept. 1. The trade brawl with China sent stocks reeling on Friday, with the Dow Jones Industrial Average dropping more than 600 points.
U.S. stocks fall sharply Friday as President Donald Trump says he’s “ordering” U.S. companies to start looking for “an alternative to China” after Beijing imposed more retaliatory tariffs on U.S. goods.
U.S. stocks fell after President Donald Trump wrote in a series of Twitter posts that he would be ordering U.S. companies to “immediately start looking for an alternative” to their business operations in China.
Stocks closed with heavy losses Friday, as the U.S.-China trade war intensified and investors ran for havens. The sell-off quashed a market rebound this week.
U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China." The Dow Jones Industrial Average fell 614 points, or 2.6% to 25,633, the S&P 500 index lost about 75 points, or2.6% to 2,848 and the Nasdaq Composite lost 240 points, or 3% to close around 7,751. Trump's tweets were in apparent response to China announcing new tariffs of 5% and 10% on $75 billion in U.S. imports in retaliation for the Trump Administration plans to institute a new round of tariffs on $300 billion in Chinese imports, starting Sept. 1. Meanwhile, Federal Reserve Chairman Jay Powell gave a speech at the Fed's annual symposium in Jackson Hole, Wyo. in which he said "the U.S. economy has continued to perform well overall," but appeared to leave the door open for a possible quarter-point rate cut at its next meeting in September.