|Day's Range||7,744.69 - 7,786.33|
|52 Week Range||6,190.17 - 8,176.08|
U.S. stocks were lower Wednesday as investors continued to weigh the impact of escalating tension between the U.S. and China.
Stocks rebounded from Monday’s declines as a temporary exemption to a blacklist against China’s Huawei Technologies ignited a more risk-on sentiment among investors.
What is the stock market and how does the stock market work? Sometimes the simplest questions are the most difficult to ask. And that's certainly the case when it comes to cluelessness about the stock market, and what it actually is.
The reports come after the United States temporarily eased curbs on Huawei Technologies Co Ltd, calming investor nerves on Tuesday over a hit to technology sector earnings from the Trump administration's decision last week to add the Chinese telecoms equipment maker to a trade blacklist. The S&P index recorded 17 new 52-week highs and five new lows, while the Nasdaq recorded 32 new highs and 67 new lows.
U.S. stocks dipped on Wednesday, as trade tensions were heightened on reports that Washington could impose sanctions on another Chinese company, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting. Fed's St. Louis chief James Bullard, a voter in the rate-setting committee this year, said on Wednesday further weakness in inflation could prompt the central bank to cut rates, even if economic growth maintains its momentum.
President Donald Trump on Wednesday said he told House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer that he can't proceed with a discussion about infrastructure spending while under investigation. Trump and the Democratic leaders were scheduled to discuss building on a preliminary agreement for $2 trillion of infrastructure spending. At an unscheduled Rose Garden press conference, Trump decried the probe by Special Counsel Robert Mueller and said he had the most transparent administration in history. Earlier, Pelosi said Trump engaged in a cover up.
The stock market needs to carve out a fresh record — and soon — or else, concludes strategist Andrew Adams.
U.S. stocks dipped on Wednesday, as reports that Washington could impose sanctions on another Chinese company heightened trade worries, while a slump in Qualcomm shares pressured the technology sector. The reports come after Washington's decision to temporarily ease curbs on Huawei Technologies calmed investors nerves on Tuesday over a hit to technology sector earnings from the Trump administration's decision last week to add the Chinese telecoms equipment maker to a trade blacklist. Qualcomm Inc plunged 10.1%, contributing the most to a 0.43% drop in the S&P 500 technology sector.
6:44 a.m. The Dow Jones Industrial Average looks set to open little changed as the market waits for the minutes from the last FOMC meeting. Dow futures have dipped 9 points, while S&P 500 futures have declined 0.1%, and Nasdaq Composite futures have 0.2%. The stock market hasn’t dropped all that much since the trade was escalated this month, and one reason is because investors are betting that the Federal Reserve will cut rates if necessary.
U.S. stock benchmarks opened lower Wednesday morning as markets awaited the release of Federal Reserve minutes that could shed light on the central bank's outlook for interest rates amid Sino-America trade tensions. The Dow Jones Industrial Average fell 55 points, or 0.2%, at 25,820, the S&P 500 index retreated 0.2% at 2,858, while the Nasdaq Composite Index slipped 0.2% at 7,768. Minutes from the rate-setting Federal Open Market Committee's April 30-May 1 meeting will be released at 2 p.m. Eastern Time, and come amid increasing expectations that the central bank will cut rates before year-end. In corporate news, shares of home-improvement retailer Lowe's Co. were under pressure, down 7.4%, after its earnings disappointed, while shares of Target Corp. soared more than 9% after its quarterly results. Both quarterly updates were released before the start of regular trade. And Qualcomm Inc. shares tumbled, after a federal judge ruled late Tuesday that the chip maker violated antitrust laws.
STOCKSTOWATCHTODAY BLOG Downdraft: Stocks will likely be starting out the day with losses. Futures on the S&P 500 were off by 0.4% shortly before the market was due to open as lingering trade tensions and some disappointing earnings results from the retailers weighed on sentiment.
Stock futures: The stock market rides China trade war news up and down. Qualcomm stock plunged on a U.S. antitrust court ruling.
Markets in Asia were mixed. The U.S. temporarily backed off on restrictions on Chinese telecommunications giant Huawei, but trade tensions continued to linger. Markets in Asia were mixed on Wednesday as trade tensions continued to linger between the U.S. and China.
Stocks closed broadly higher on Wall Street Tuesday after the U.S. government temporarily postponed proposed restrictions on technology sales to Chinese companies.
Technology companies helped power stocks broadly higher on Wall Street Tuesday, snapping the market's two-day losing streak. The rally followed the U.S. government's decision to temporarily ease off proposed restrictions on technology sales to Chinese companies. The news gave a boost to technology sector stocks, which took steep losses a day earlier when the Trump administration announced curbs on technology sales, aimed primarily at Chinese telecom gear maker Huawei.
Stocks close solidly higher Tuesday, following a temporary reprieve on restrictions on U.S. exports to China telecom giant Huawei Technologies, reflecting a slight reduction of tensions in one front of the Sino-American tariff war.
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on ...
U.S. stocks ended solidly higher Tuesday after equity investors were buoyed by Washington's decision to grant a temporary reprieve on restrictions to China telecom giant Huawei Technologies Co.. The S&P 500 climbed 0.9% to finish near 2,864. The Dow Jones Industrial Average advanced 198 points, or 0.8%, to end around 25,877. The Nasdaq Composite climbed 1.1% to finish around 7,786. Equities rebounded from Monday's selloff in technology and chip-maker stocks after U.S. officials said they would give a 90-day exception to an export blacklist against Huawei, which has been in the cross sights of Washington. However, Huawei founder Ren Zhengfei said his company would outmuscle its rivals in 5G in a few years, and that the company was ready for the export ban. In company news, shares of J.C. Penney Co. Inc. fell 7.4% after the department store chain missed analysts' expectations for first-quarter earnings.
Chips and other techs staged a broad rally in the stock market today, boosting the Nasdaq composite to a more than 1% gain.
Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.