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President Trump’s Treasury Department is reportedly working on a plan to limit Chinese investment in US tech firms. Yahoo Finance’s Alexis Christoforous and Rick Newman discuss what it means.
The Dow Jones Industrial Average was trading sharply lower early Monday and on track to finish below its closely watched long-term moving average, which could herald more pain for the blue-chip gauge. The Dow (DJIA) most recently, was down about 312 points, or 1.2%, at 24,261. If the Dow ends beneath 24,280.25, it's 200-day moving average, it would represent the first slide below that level since early May and the Dow hasn't close below its long--term trend line since the summer of 2016, according to FactSet data.
Wall Street's main indexes dropped on Monday as a move to check Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners. The U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology," a government official said on Sunday. A separate report by the Wall Street Journal said the U.S. Commerce Department and National Security Council were proposing "enhanced" export controls to keep such technologies from being shipped to China.
MARKET PULSE Semiconductor stocks were taking a beating Monday morning after reports that President Donald Trump hopes to announce further restrictions on Chinese investment in U.S. tech companies. China has spent years attempting to acquire companies and intellectual property in the chip sector, with the U.
In the previous part of this series, we discussed how trade war worries are impacting the broader market S&P 500 Index (SPY). However, FANG stocks are making new highs despite such worries.
Tom Farley says he isn't so sure his formal rival, the Nasdaq, should be considered a benchmark for tech stocks. "This isn't even a tech index," the former New York Stock Exchange president says. Former New York Stock Exchange President Tom Farley told CNBC on Monday he isn't so sure his old rival, the Nasdaq NDAQ , should be considered a benchmark for technology stocks.
Wall Street's main indexes opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners. The Dow Jones ...
MARKET PULSE Stocks opened lower Monday as trade tensions between the U.S. and China showed no sign of abating, with the Trump administration planning to put new curbs on Chinese investment in the U.S.
The trading week was set to kick off on a downbeat note on Wall Street Monday, as Dow futures fell more than 150 points, dragged lower by a sharp drop in the price of Brent crude and by fresh threats from President Donald Trump against the U.S.’s trading partners. Dow Jones Industrial Average futures (YMU18.CBT) slid 165 points, or 0.7%, to 24,435, while S&P 500 futures (ESU18.CME) fell 13.25 points, or 0.5%, to 2,745.75. The Dow (^DJI) snapped an eight-day losing streak on Friday, but it marked its biggest weekly decline since March 23, with a loss of 2%.
Nasdaq on pace for double-digit gains for first half of 2018Trade tensions continue to dominate headlines. The threat of a full-blown U.S.-China trade war is having less impact on both investor sentiment and stock prices than might be expected, judging by double-digit gains for the Nasdaq and modest but positive returns for the S&P 500 so far this year. To a large degree, the prospect of a wider trade conflict hasn’t been enough to untrack the market leaders that lifted Wall Street throughout the first half of 2018 — albeit with higher volatility.
Stocks ended mixed again on Friday, although the Dow Jones Industrial Average managed to snap its eight-day losing streak. •...unwind Red Hat's (RHT) double-digit plunge. Markets couldn't make a clean sweep Friday, but it was the Nasdaq that was the laggard.
The four major markets are the Dow Jones Industrial Average (^DJI), S&P 500 Index (^GSPC), Nasdaq 100 Index (XNAS:NDX) and Russell 2000 Index (^RUT). Some might argue that the Nasdaq Composite Index (^IXIC) is more important than the Nasdaq 100, but the Nasdaq Composite also has many small-cap stocks that are already included in the Russell 2000, so the Nasdaq 100 is a better indicator overall. With that, the Russell 2000 and the Nasdaq 100 are higher-beta markets, but with one material difference.
NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.
Energy stocks lead, supported by jump in crude pricesExxon shares were among top Dow gainers. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do?