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Turkey's financial crisis worsens as the country's government adds new tariffs on U.S. goods. Yahoo Finance's Seana Smith, Andy Serwer, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market action.
The Dow Jones Industrial Average notches a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower.
NEW YORK (Reuters) - U.S. stocks closed lower on Wednesday, with the S&P 500 posting its biggest daily percentage decline since June, as investors turned risk averse on a series of disappointing earnings ...
U.S. stocks closed lower on Wednesday, with the S&P 500 posting its biggest daily percentage decline since June, as investors turned risk averse on a series of disappointing earnings and escalating global ...
NEW YORK (AP) — An unexpected drop in profits for Chinese tech giant Tencent has global stock indexes falling Wednesday as investors worry about demand for high-tech products as well economic growth.
KEY WORDS Scott Minerd isn’t bullish on U.S. stocks. And he can’t emphasize that point enough. The Dow Jones Industrial Average (DJIA) , the S&P 500 index (SPX)and the Nasdaq Composite Index (COMP)are all trading lower early Wednesday, with the equity benchmarks wallowing in a resumption of their hand-wringing over the health of Turkey’s economy as the Turkish lira (USDTRY)relinquishes some hard-fought gains against the U.
coverage (as I have said, Buffett is betting on Apple being worth $2 trillion). Sears chairman and CEO Eddie Lampert wrote a letter to the board (which is weird because Lampert controls the company, in effect he is writing himself) released on Tuesday evening (it's always after-market hours with Sears) offering to buy what's left of the Kenmore home appliances business.
Selling on the NYSE midday Wednesday reached panic-like proportions, based on the so-called Arms Index. The Arms is a volume-weighted measure of market breadth that tends to rise when the broader market falls, as the intensity of the selling in declining stocks is usually greater than the intensity of buying in rising stocks. The S&P 500 index (SPX) and the Nasdaq Composite Index (COMP) both were on track for their biggest daily declines since late June, according to FactSet data.
Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens Report, says copper's decline could also signal a volatility spike in risk assets like equities. Copper prices hit their lowest levels in 13 months on Wednesday and entered a bear market, potentially signaling an economic slowdown is happening around the world.
MARKET PULSE The Dow Jones Industrial Average and the Nasdaq on Wednesday fell below key lines in the sand that suggest that a bearish pattern is unfolding in the markets. The Dow (DJIA) was down 300 points, or 1.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Shares of retailers took a thrashing Wednesday with Macy's and JC Penney leading the pack, tumbling by as much as 14.3 percent and 11 percent, respectively, in early morning trading.
Barring a breathtaking plunge, the bull market in U.S. stocks on Aug. 22 will become the longest in history, and optimistic investors argue it has miles to go before it rests.
MARKET PULSE The Cboe Volatility index spiked on Wednesday, reaching its highest level in more than a month as continuing uncertainty surrounding Turkey weighed on markets. The VIX (VIX) spiked 25%, or 3.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey's currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018. While the lira continues to pull back from record lows against the dollar, Turkey on Wednesday doubled tariffs on some U.S. imports including alcohol, cars and tobacco in retaliation to U.S. moves.
MARKET PULSE U.S. stock benchmarks early Wednesday traded lower as fears about the health of the Turkish economy weighed on the broader market. The Dow Jones Industrial Average (dJIA) fell 148 points, or 0.
Wednesday 21.00 BST Risk appetite took a turn for the worse — in spite of a further recovery for the Turkish lira — as mounting worries about potential risks from emerging markets hit global stocks, gave ...
Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's ...