|Day's Range||7,095.833 - 7,194.313|
|52 Week Range||5,769.390 - 7,637.270|
After the Federal Reserve’s rate hike of 25 basis points on March 21, 2018, another key event impacted the major US indexes. On March 22, 2018, President Trump announced the imposition of retaliatory tariffs on up to $60.0 billion on China’s imports. The SPDR S&P 500 ETF (SPY), the SPDR Dow Jones Industrial Average ETF (DIA), and the PowerShares QQQ ETF (QQQ) fell ~2.5%, ~2.9%, and ~2.5%, respectively, on the day.
The Nasdaq Composite Index was fighting to stay above its 100=day moving average, as the stock market took a firmer turn lower in Friday afternoon trade. The technology-laden benchmark was recently down ...
Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check. The Dow Jones Industrial Average was modestly higher, helped by Nike and as industrial stocks gained after a bruising day on Thursday when the United States moved to impose tariffs on up to $60 billion of Chinese imports, sparking fears of a trade war.
The S&P 500 and the Dow were lifted by gains in Nike on Friday, but the tech-heavy Nasdaq was weighed down by losses in chip stocks led by Micron Technology. Shares of the world's largest footwear maker rose 3.5 percent after the company said it expected its North America business to return to growth in the latter half of the year.
The S&P 500, Nasdaq and Dow Jones tumbled in the week on Trump China tariffs, Facebook's data privacy scandal, while Tencent and Oracle dove after results.
The Dow is trying to decide if it’s done diving, after yesterday’s 724-point plunge. Veteran strategist Marc Chandler seems to have “Bridge Over Troubled Water” on his playlist, and he provides our call ...