|Day's Range||7,635.7329 - 7,727.4121|
|52 Week Range||6,081.9600 - 7,768.6001|
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after President Trump threatens more tariffs on China, and Beijing talks retaliation.
U.S. stocks closed lower, with the Dow Jones industrial average erasing all of its gains made this year. Markets worldwide fell after U.S. President Donald Trump threatened new tariffs against China. Asian stocks were poised for a mixed open on Wednesday, with major regional markets set to stem the sharp losses made in the previous session that were caused by elevated fears of a trade war between the U.S. and China .
Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said. Jones’s comments come after he told CNBC last week that stock market and bond yields are set for a ‘crazy’ rise.
Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Smaller companies less focused on overseas trade fared better, as did ...
Dow turns negative for 2018, down 0.1% year to dateReutersChina's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing Tuesday. U.S. stocks finished in the red on Tuesday, albeit off session lows, as investors shed stocks following President Donald Trump’s late-Monday threat to slap an additional $400 billion in tariffs on China goods. The Dow Jones Industrial Average (^DJI) fell 1.2%, or 287.26 points, to close at 24,700.21, dragged down by sharp losses in trade-sensitive, industrial stocks Boeing Co.(BA), Caterpillar Inc.(CAT) and 3M Co.(MMM).
The U.S. economy remains solid with strong earnings, tax reform and deregulation, analysts say. "If you put it all together, things are not all bad, despite the rhetoric that you hear in the marketplace," says Krishna Memani. "We are seeing a lot of capital expenditures," Karyn Cavanaugh, senior market strategist at Voya Investment Management, told CNBC.
U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, and Beijing warned it would retaliate.
Tesla tapped on the brakes amid a broad market decline. But the Nasdaq is cutting its losses. Netflix bucked the sell-off.
Do you really think the threat of a trade war is causing U.S. stocks to stumble? It strikes me as though mounting trade tensions have become commentators’ latest whipping boy, conveniently available as the after-the-fact explanation for whatever the market is already doing. When the U.S. market tumbles, as it did Monday and again on Tuesday, when the Dow Jones Industrial Average (^DJI) fell by almost 300 points, increasing trade war worries are blamed.
U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled the markets, though the three major indexes pared losses from earlier in the session. Tuesday's losses put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, and Beijing warned it would retaliate.
President Trump imposed tariffs on $50 billion worth of Chinese goods on June 15. Then trade war concerns, which have been lingering on in the markets for quite some time, took a turn for the worse. As expected, China immediately vowed to respond in kind to the latest set of tariffs. China has announced the imposition of 25% tariffs on US goods worth $34 billion.
Stocks pared losses but remained lower on trade-war worries as today's market bounce paled in comparison to Monday's rebound.
The stock market was lower near midday Tuesday after President Trump threatened an additional $200 million in Chinese tariffs. Top growth stocks were weak across the board, while Dow stocks Boeing and Caterpillar fell sharply. But Netflix rose.
Though U.S. stocks are firmly lower early Tuesday, the market price action is more orderly than the headline numbers suggest, writes Michael Ashbaugh.