^IXIC - NASDAQ Composite
| Previous Close | 7,991.39 |
| Open | 7,943.65 |
| Volume | 1,872,287,108 |
| Day's Range | 7,730.77 - 8,005.34 |
| 52 Week Range | 6,190.17 - 8,339.64 |
| Avg. Volume | 1,974,677,187 |
- Yahoo Finance
Consumers are ‘starting to see the pain’ from the trade war
Now more than a year into the U.S.-China trade war, American consumers have so far been largely shielded from the negative impact of tariffs. But one major Wall Street investment bank says that’s all about to change and it has the data to prove it. “I think you're starting to see the pain,” Bank of America Securities Senior U.S. Economist Joseph Song told Yahoo Finance’s The Final Round. “We have a proprietary consumer confidence index, and it actually dipped on the trade headlines in the latest reading.”
- Yahoo Finance
'There is plenty to worry' about for global growth: IMF chief economist
Trade tensions have compounded with country-specific weaknesses to further mire the global growth outlook, said the International Monetary Fund’s chief economist.
- MarketWatch
Bank of America’s CEO has one simple reason why he doesn’t see a recession looming
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.
- MarketWatch
As U.S.-China trade war deepens, can Corporate America handle the uncertainty?
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.
- Barrons.com
Stock Dividends Are Growing More Slowly Around the World. Here’s Why.
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.
- Investor's Business Daily
Dow Jones Dips After Trump Hikes China Tariffs; Apple, AMD, Nike Edge Lower
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.
- Barrons.com
The Dow Plunged 623 Points Because Trump Spooked the Market Right After Powell Soothed It
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.”
- Reuters
GLOBAL MARKETS-Stocks tumble, yen rallies as U.S. and China escalate trade war
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.
- Barrons.com
Trump Unveils Even More Tariffs as the Trade War Grows Hotter
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%.
- Barrons.com
The Dow Plunged 623 Points as Trump Aims at China and Hits the Market
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.
- MarketWatch
Trump says U.S. tariffs will increase on Chinese goods
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.
- MarketWatch
Dow ends more than 600 points lower as U.S.-China trade war intensifies
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.
- Investor's Business Daily
Nasdaq Closes 3% Lower As China Trade War Intensifies
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.
- MarketWatch
Dow closes down more than 600 points after Trump orders U.S. companies to leave China
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.
- MarketWatch
Why Anthony Scaramucci is waging a media war on President Donald Trump
A friendship between President Donald Trump and one of his most vocal advocates has taken an almost-Shakespearean twist.
- Investor's Business Daily
Stock Market Thrashed As China Trade War Takes Turn For Worse; Apple Tanks
The stock market took it on the chin Friday as institutional investors sold stocks again. Apple was the biggest decliner in the Dow Jones, down nearly 5%.
- Reuters
US STOCKS-Trump tweetstorm sinks Wall Street as trade war rages on
Wall Street plunged in a broad sell-off on Friday as China and the United States traded their latest salvos in a prolonged trade war, spooking investors and erasing slight gains following a generally positive speech by U.S. Federal Reserve chair Jerome Powell. Trump pressed American companies to leave China in response to an earlier announcement from Beijing that it would impose a new round of retaliatory tariffs on an additional $75 billion in U.S. goods, upping the ante in an acrimonious trade war that has roiled markets for months and shown little sign of abating.
- Reuters
Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies. Trump's move, announced on Twitter, came hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods, prompting the president earlier in the day to demand U.S. companies move their operations out of China. The intensifying U.S.-China trade war stoked market fears that the global economy will tip into recession, sending U.S. stocks into a tailspin, with the Nasdaq Composite down 3%, and the S&P 500 down 2.6%.
- Reuters
US STOCKS-Trump comments on China spook Wall Street
U.S. stock indexes slumped nearly 2% on Friday after President Donald Trump told U.S. companies they should look for ways to close their China operations, following Beijing's announcement that it would impose retaliatory tariffs on U.S. goods. Trump's assertion that the U.S. would be "far better off" without China wiped out what would have been Wall Street's first weekly gain since July, while also knocking back the impact of a speech by Federal Reserve Chief Jerome Powell supporting further cuts in interest rates.
- Reuters
WRAPUP 5-Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING, Aug 23 (Reuters) - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies. Trump's move, announced on Twitter, came hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods, prompting the president earlier in the day to demand U.S. companies move their operations out of China.
- Yahoo Finance Video
Economist: Trade war is starting to impact consumer confidence
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.
