|Day's Range||7,912.47 - 7,993.25|
|52 Week Range||6,343.96 - 8,133.30|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith and Dion Rabouin to break down the latest market moves.
JPMorgan Chase & Co. analysts, led by cross-asset strategist John Normand, in a Sept. 21 research report, says investors should be prepared for the possibility of a “major miscalculation” by President Donald Trump’s administration on trade.
U.S. stocks fell broadly on Monday as the U.S.-China trade war entered a new round when tariffs on billions of dollars of products took effect. Investors were also looking ahead to the Federal Reserve’s two-day monetary policy meeting which wraps Wednesday and is likely to result in another interest-rate hike.
Global stocks are down Monday after the U.S. and China officially put new tariffs on each other's goods. China also reportedly pulled out of a meeting to discuss trade. Oil prices are jumping after OPEC decided not to produce more oil.
Industrials took the biggest knock on Wall Street on Monday as the latest U.S.-China tariffs kicked in, while adding to uncertainty were questions over whether Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, had quit. The gainers included the rebranded and expanded "communications services" index. The S&P 500 fell to session low after news website Axios reported Rosenstein, who oversees the special counsel investigation into Russia's role in the 2016 presidential election, had resigned.
U.S. stock indexes dropped on Monday, led by industrials that bore the brunt of the latest round of U.S.-China tariffs and on reports that Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, may be on his way out. With U.S. tariffs on some $200 billion worth of Chinese goods taking effect, along with Beijing's retaliatory duties, nine of the 11 major S&P sectors, including the rebranded and bigger "communications services" sector, fell. The S&P 500 hit a session low after Axios reported Rosenstein, who oversees the special counsel investigation into Russia's role in the 2016 presidential election, had resigned.
The latest on developments in financial markets (all times local): 11: 45 a.m. Stocks are broadly lower on Wall Street after China reportedly rebuffed a plan for talks with the U.S. on resolving their ...
The Dow Jones Industrial Average early Monday was trading at session lows amid fears about intensifying trade clashes between the U.S. and its global counterparts, and news report indicating that Deputy Attorney General Rod Rosenstein is expected to leave his post. An Axios report indicated that Rosenstein has verbally resigned to White House Chief of Staff John Kelly, Axios reported on Monday. Meanwhile, a number of other outlets suggested that Rosenstein was en route to the White House and was set to be fired by the Trump administration. The reports follow an article from the New York Times last week that said Rosenstein discussed invoking the 25th Amendment to remove Trump from office. The Dow was down about 150 points, or 0.5%, at 26,600, and is coming off back-to-back records, after breaking through to an all-time high on Thursday for the first time since Jan. 26. The S&P 500 index was down 0.4% at 2,917, while the technology-laden Nasdaq Composite Index retreated by 0.4% at 7,958. In trade news, over the weekend, China canceled a plan to hold negotiations with the U.S. and a set of reciprocal tariffs from Beijing and Washington were set to take effect on Monday.
U.S. stocks slipped Monday, retreating further from their all-time highs, as tensions over the U.S. and China’s trade fight stoked cautiousness among investors. Major indexes began the week on a downbeat note after China pulled out of trade talks with the U.S., suggesting a resolution to the two countries’ trade conflict could be a way off. U.S. crude oil rose 1.9% to $72.11 a barrel.
The benchmark S&P 500 hit a session low on Monday after Axios reported that U.S. Deputy Attorney General Rod Rosenstein had resigned in anticipation of being fired by President Donald Trump. Rosenstein ...
Albert Edwards, global strategist at Société Générale, cautions that the moment of reckoning for stocks is near and investors should stop buying into the fantasy of a robust economy.
Nine of the 11 major S&P sectors, including the rebranded and bigger "communications services" sector, were lower as U.S. tariffs on some $200 billion worth of Chinese goods took effect, along with Beijing's retaliatory duties. Its new components, Facebook Inc, Twitter and Alphabet, were flat to lower on renewed fears of higher regulation after a report said the White House has drafted a preliminary order to direct federal agencies to probe the business practices of social media and internet firms.
Is Wall Street ignoring the potential for simmering trade conflicts with China to intensify, upending the stock market’s newfound buoyancy?
U.S. stocks on Monday mostly headed lower at the open as tensions over tariffs remained in focus for investors after China canceled trade talks with the U.S. on the deadline for a fresh round of tariffs for the superpowers. The Dow Jones Industrial Average fell 0.3% at 26,670, the S&P 500 index retreated by 0.3% at 2,919, while the Nasdaq Composite Index retreated 0.8% at 7,918. The blue-chip Dow is coming off its second straight record, after notching its first since Jan. 26 on Thursday, even as worries about escalating tensions between Beijing and Washington ran in the background. A new round of tariffs between China and the U.S. were set to take effect Monday. Meanwhile, rising oil prices are expected to offer some support for the energy sector as Brent crude oil , the international benchmark, traded at a roughly four-year high above $80 a barrel and the U.S. oil benchmark was trading at its highest levels since around July. A gathering of energy producers that concluded without a clear plan to address an expected shortfall from Iran due to U.S. sanctions on the country, was cited as the spark for Monday's crude-oil rally. In corporate news, Sirius XM Holdings Inc. said it is buying music-streaming firm Pandora Media Inc. in an all-stock deal valuing the company at about $3.5 billion. Shares of Pandora soared by more than 6%, while those for Sirius declined by 4.6%. Comcast Corp. topped 21st Century Fox Inc. in the monthslong takeover battle for European pay-TV giant Sky PLC.
U.S. stocks opened lower on Monday, led by declines in technology stocks and as the latest round of U.S.-China tariffs took effect. The Dow Jones Industrial Average fell 38.25 points, or 0.14 percent, ...
Global stocks weakened Monday, with holiday-thinned markets in Asia leading declines, as both China and OPEC round on President Donald Trump's 'bully" tactics on trade and energy. Oil rises to a four-year high after OPEC keeps its production quotas in place despite pressure from Trump to "get prices down now".
US stocks, already under pressure from the get-go on Monday, lurched lower following media reports Rod Rosenstein, the US deputy attorney-general, had resigned. Mr Rosenstein verbally resigned to John Kelly, the White House chief of staff, Axios reported this morning citing sources with direct knowledge. The New York Times reported last week Mr Rosenstein had proposed invoking the 25th Amendment to remove Donald Trump from office and offered to secretly record meetings with the president.
Mayflower Advisors' Larry Glazer believes a popular trade is on the verge of unwinding.
DEEP DIVE On a mixed day for U.S. stocks, the Dow Jones Industrial Average hit another new closing record Friday. The Dow was up 0.3% on Friday and 2.3% for the week to close at 27,743.50 points. The S&P 500 Index (SPX) was little changed Friday and up 3.
MSCI's gauge of stocks across the globe gained 0.30 percent to hit the highest level since March 13. Sterling tumbled and pushed the dollar up after British Prime Minister Theresa May said Brexit talks had hit an impasse and that the European Union must offer an alternative plan after the bloc's leaders rejected her plans. The pound fell 1.42 percent, marking its biggest daily loss since June 2017.
Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries. Trading volume spiked to the highest level since Feb. 9 in anticipation of the S&P 500 sector change, when telecoms will be folded into a new sector called communications services, along with heavy-hitting stocks such as Facebook Inc and Walt Disney Co. While the Dow closed higher, the S&P 500 and the Nasdaq ended the session in negative territory.