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Keith Bliss of DriveWealth LLC joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after President Trump doubled down on his expressed disappointment with the Federal Reserve raising interest rates.
U.S. stocks inched lower Friday, ending the week little changed, as White House comments on monetary policy sent the dollar and government bond prices sliding. Major indexes struggled to break higher throughout the week as investors parsed dozens of earnings reports and rebukes from President Donald Trump on Federal Reserve policy. A White House official told CNBC that Mr. Trump was worried the Fed would raise interest rates twice more this year.
U.S. stocks finish Friday’s trade pretty much where they started the session and the week as losses in consumer-discretionary and energy sectors offset a rise in staples and financials.
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecutive weekly gain, while the S&P 500 also rose for a third straight week after eking out a gain for the period.
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose tariffs on all U.S. imports from China. Trump repeated his criticism a day earlier of the U.S. Federal Reserve's policy on raising interest rates saying he is concerned the central bank will raise interest rates twice more this year, a White House official told CNBC.
The major stock indexes closed flat Friday after giving up modest gains, as if to pause before a huge upcoming week of earnings.
MARKET PULSE U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases. The main benchmarks ended the week roughly where they started.
U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump's latest salvo of tough China tariff threats. Shares of Microsoft Corp hit a record high and were up 2.0 percent after second-quarter results beat analyst estimates. Microsoft's advance provided the biggest boost to all three major U.S. stock indexes.
Microsoft rose as much as 3.6 percent to a record high of $108.20 and was the biggest boost to the S&P 500 and the Dow Industrials. President Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, unnerving financial markets in premarket trading.
U.S. stock indexes edged higher on Friday as technology stocks rose on the back of solid results from Microsoft, easing fears of a rising trade spat after President Donald Trump toughened his stance against China. Microsoft rose as much as 3.6 percent to a record high of $108.20 and was the biggest boost to the S&P 500 and the Dow Industrials. President Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, unnerving financial markets in premarket trading.
Strength in shares of Microsoft stock gave tech stocks a lift near midday Monday. The Dow Jones and S&P 500 recovered off lows to turn slightly positive amid weakness in the U.S. dollar.
U.S. stocks rose on Friday as solid results from Microsoft lifted technology stocks and eased rising trade tensions after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China. Microsoft rose as much as 3.6 percent to a record high of $108.20 and boosted all three of the Wall Street's main indexes. Trump's comments on tariffs, which followed after the United States and China imposed levies on $34 billion worth of each other's goods this month, worried investors already grappling with the impact of a strengthening dollar on corporate results.
After the market closed on Monday, Netflix Inc. (NASDAQ: NFLX) reported “disappointing” results for its second quarter ended June 30, 2018, and its stock reacted by falling as much as 14% in the hours following the release. One thing that I think is very important to point out is that subscriber growth is the most scrutinized metric in Netflix’s earnings reports, and Wall Street cares more about the sequential growth (quarter-over-quarter) than the year-over-year growth.
U.S. stocks were edging higher late-morning Friday, seemingly ignoring recent comments from President Donald Trump, who questioned the strategy of the the Federal Reserve and monetary policies of the European Union and China. Futures for all three benchmarks indicated that stocks would face stiffer headwinds at the open of regular trade.
Even Steven. 4-4. That's what's facing us in terms after Thursday's trading action. While no significant technical events occurred on the charts, two indices are challenging resistance, leaving the near-term trends for the major equity indices evenly split.
The S&P 500 was trading flat on Friday as Microsoft's robust results helped offset escalating tariff worries after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China. Microsoft rose as much as 3.6 percent to a record high of $108.20 after its quarterly results topped estimates on strong performance of its Azure cloud computing business.
U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped ...
Early earnings news from Microsoft, Intuitive Surgical and VF Corp. on Friday countered the weak global trade that followed new trade threats from the White House. The Dow and S&P 500 opened lower, as they sought their third straight weekly gains.
MARKET PULSE U.S. stocks opened mostly lower on Friday with the main benchmarks on track to end the week roughly where they started. Investors turned cautious after a flood of new question marks surrounding government policy on both trade and the dollar, overshadowing positive quarterly results from General Electric and Microsoft.
The Dow Jones Industrial Average is poised for a fall morning as trade war worries resurface. Look Up Stocks ended lower on Thursday, and it looks like the Nasdaq, helped by Microsoft (MSFT), may be the only index to buck that trend Friday. Dow Jones Industrial Average futures are 0.4% lower, while S&P 500 futures are off 0.2% but Nasdaq Composite futures are clinging to gains, up 0.1%.
President Donald Trump's admission that he's "not thrilled" with the Federal Reserve's signalling on rate hikes could support the ongoing strength of so-called FAANG complex, which has been responsible for more than 80% of the S%P 500's year-to-date gains, as the country's biggest tech stocks race to become the trillion dollar company. The larger impact of the President's remarks, and the rare public intervention on central bank policy from the White House, might be seen in the so-called FAANG stocks, which can be sensitive to interest rate increases if they result in slowing consumer purchases of products such as Apple Inc. Bank of America Merrill Lynch, however, notes that "until investors fear the Fed there is little fear of FAANG stocks", given the fact that myriad central bank and government-led stimulus programs, including near-zero interest rates and billions in tax cuts, have only lifted 9 of the 45 MSCI country equity indices into higher year-to-date gains than can be found through risk-fee 3-month Treasury bills.