|Day's Range||7,903.07 - 7,974.28|
|52 Week Range||6,190.17 - 8,176.08|
NatWest Markets Chief U.S. Economist Michelle Girard joins Jen Rogers, Myles Udland and Andy Serwer to discuss the timing of the Fed rate cuts and the outlook for the U.S. economy.
Yahoo Finance's Sibile Marcellus reports to Julie Hyman and Adam Shapiro on the latest Bankrate survey about the state of the economy in the U.S.
One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Now, President Donald Trump is saying he might go after Vietnam as well.
The world’s No.1 cryptocurrency hit its highest level in about 17 months on Thursday, extending a month long rally.
After spending most of the day in the black, U.S. stocks slid late in Wednesday’s session. Ahead of the G-20 meeting, hopes are up that the U.S. and China have a path to achieve a trade deal.
Health care, utilities stocks fell about 1.1%, leading markets lower. Stocks closed mostly lower Wednesday, as investors grew increasingly skeptical that a U.S.-China trade deal is in the offing, though technology shares were supported by optimism related to Micron Technology’s better-than expected guidance. The Dow Jones Industrial Average (DJIA) fell 11.4 points, or less than 0.1%, to 26,536.82, but had been as high as 26,669, while the S&P 500 (SPX) fell 3.6 points, or 0.1%, to 2,913.78, representing a fourth straight decline for the index, its longest string of loses since a similar downturn ended May 9, FactSet data show.
The dollar edged higher and European shares fell on Wednesday as traders curbed expectations of an aggressive U.S. interest rate cut in July, while Wall Street traded little changed on mixed signals over China-U.S. trade talks at the G20 summit in Japan. Gold fell about 1% a day after Federal Reserve Chairman Jerome Powell said the U.S. central bank is "insulated from short-term political pressures," suggesting policymakers would not bow to President Donald Trump's call to sharply cut rates. Trump said Powell was doing a "bad job" and he urged the Fed to lower rates so that U.S. exports can compete with countries that he said are devaluing their currencies.
The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China. Technology shares led the Nasdaq higher while the Dow Jones Industrial average posted a nominal loss.
The energy sector and technology stocks led the market Wednesday, but indexes closed the session in weak form, making negative price reversals.
The Nasdaq Composite Index registered a modest gain on Wednesday, buoyed by a Micron Technologies-led rebound in chip makers, but the broader market finished slightly lower to flat, as selling in real estate, utilities and consumer staples weighed. The Nasdaq finished up 25 points, or 0.3%, at 7,910 (on a preliminary basis), halting three straight days of losses as upbeat quarterly results by Micron helped to inspire a rally in the semiconductor sector . However, gains faded in the last two hours of trade as investors wrestled with the coming G-20 gathering in Japan, where President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to discuss a cease-fire in tariff tensions. Markets were higher in early trade after investors interpreted a CNBC interview of Treasury Secretary Steven Mnuchin in Bahrain as signaling hope for a Sino-American trade deal. Mnuchin said that an accord was 90% complete. The Dow Jones Industrial Average closed down 11 points, or less than 0.1%, at 26,536, while the S&P 500 index shed 0.1% to end at 2,914.
Just ahead of the first Democratic presidential debate, long-shot candidate Andrew Yang is saying he’s in a “fantastic position.”
Western Digital stock has gotten some potentially good news from its competitor Micron’s latest earnings report, according to Craig-Hallum.
President Donald Trump says the alternative to a trade pact with China is simple: collect tariffs and do less business with the second-largest economy.
Technology shares led the S&P 500 and the Nasdaq higher on Wednesday after remarks by Treasury Secretary Steven Mnuchin rekindled hopes for a de-escalation of U.S.-China trade tensions and brought buyers back from the sidelines. All three major U.S. stock indexes were up, though off session highs.
The Dow Jones Industrial Average is getting a lift thanks in part to Microsoft. Chip, fiber optic and software firms boost the Nasdaq higher.
Wall Street rose on Wednesday, as technology shares gained on the back of Micron's upbeat results, while comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. "We were about 90% of the way there (with a deal) and I think there's a path to complete this," Mnuchin said in an interview to CNBC. President Donald Trump said earlier in the day it was "absolutely possible" he would emerge from a meeting with Chinese leader Xi Jinping with a deal that would keep him from imposing tariffs he had threatened to put on China.
U.S. stocks rose on Wednesday as gains in chipmaker Micron boosted the technology sector and comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. "We were about 90% of the way there (with a deal) and I think there's a path to complete this," Mnuchin said in an interview to CNBC. President Donald Trump said earlier in the day it was "absolutely possible" he would emerge from a meeting with Chinese leader Xi Jinping with a deal that would keep him from imposing tariffs he had threatened to put on China.
Treasury Secretary Steven Mnuchin on Wednesday said there's a path to finish a trade deal with China. Yahoo Finance's Dan Roberts, Melody Hahm and Myles Udland speak to Akiko Fujita.
Yahoo Finance's Emily McCormick says that trade talks with China were set back after Mnuchin's correction on CNBC saying that "we were about 90% of the way’ done with a deal.