|Day's Range||7,738.35 - 7,786.33|
|52 Week Range||6,190.17 - 8,176.08|
U.S. stocks were lower Wednesday as investors continued to weigh the impact of escalating tension between the U.S. and China.
Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China. Lowe's and Nordstrom slumped ...
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew. Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision.
The Dow Jones Industrial Average cut early losses but small caps took a pretty big hit. Some growth stocks continue to act bullishly.
U.S. stocks finish lower Wednesday as lingering trade woes overshadow the release of the minutes from the Federal Reserve’s policy meeting that was largely interpreted as accommodative.
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew. Fears that tit-for-tat tariffs and other retaliatory actions by the United States and China will hamper global growth have kept investors on edge, putting the S&P 500 on track to post its first monthly decline since the December sell-off.
Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights. Relief over Washington's temporary relaxation of curbs against China's Huawei Technologies Co Ltd faded after reports that the White House is considering further sanctions on Chinese video surveillance firm Hikvision. The yen and franc gained against the dollar and U.S. Treasury prices rose, but declines in U.S. and European equity markets were relatively subdued after recent sell-offs.
U.S. stocks ended lower at the closing bell on Wednesday after a raft of weaker-than-expected earnings from retailers overshadowed the Federal Reserve's minutes where it reiterated the central bank's patient stance. The S&P 500 fell 0.3% to finish around 2,856. The Dow Jones Industrial Average retreated 101 points, or 0.4%, to end near 25,776. The Nasdaq Composite was down 0.4% to finish around 7,751. Shares of Lowe's Cos. and Nordstrom Inc. fell 9% and 12%, respectively, after both delivered worse-than-expected first-quarter earnings. The Fed's minutes from its most recent meeting showed officials were comfortable with the central bank's accommodative policies, though they were split on the outlook for interest rates. Trade tensions continued to linger in investors' horizons even as China's ambassador to the U.S. said late Tuesday Beijing was open to renewing trade negotiations.
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. The Dow Jones Industrial Average fell 100.85 points, or 0.39%, ...
Dallas Fed President Robert Kaplan said Wednesday that he is solidly in the "patient" camp on interest rates and had no position on whether the next interest rate policy move will be to ease or tighten. Asked on the Fox Business Network if the next move by the Fed would be a rate cut, Kaplan replied: "We're basically, I think, at the right policy setting. I'm sort of agnostic at this point between about moving rates up or down." Kaplan said he would need to see something "compelling" that would cause him to end this patient stance. Financial stability concerns was one reason not to cut rates now, he said. "I'm hesitant while we're at or past full employment and the economy is running at solid rates... that adding further accommodation to the economy could create excesses and imbalances that could be painful to deal with in the years ahead," Kaplan said. While he is not a voter, Kaplan is influential given that he is a member of a small subcommittee of Fed officials that focuses on communication strategy.
The stock market was mildly lower Wednesday, but it was a resilient performance in light of an 11% decline for Qualcomm stock.
The minutes from the latest meeting of the Federal Open Market Committee offered no market-moving news, leaving stocks lower, as they were earlier in the day.
The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a wait-and-see approach was warranted, the officials said. Officials were split on the outlook for interest rates. A few officials said there might be a need for higher rates if the economy evolves as they thought. But others thought higher productivity might mean there was more economic slack than the low unemployment rate might suggest. Several others expressed worry about the risk of low inflation readings leading to lower expectations of future inflation, but did not call for a rate cut. Many said that the recent low inflation readings were transitory. In addition to interest-rate policy, there was a lengthy discussion, but no decision, about what types of Treasurys the central bank should hold once its balance sheet stops shrinking.
The stock market needs to carve out a fresh record — and soon — or else, concludes strategist Andrew Adams.
U.S. stocks dipped on Wednesday, as reports that Washington could impose restrictions on another Chinese technology company fanned trade tensions, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting. Media reports on Wednesday said the Trump administration was considering sanctions on video surveillance firm Hikvision, the second major Chinese technology company facing U.S. curbs. Also weighing on the markets was Qualcomm Inc's 12.1% plunge, the biggest decliner on the S&P 500.
What is the stock market and how does the stock market work? Sometimes the simplest questions are the most difficult to ask. And that's certainly the case when it comes to cluelessness about the stock market, and what it actually is.
U.S. stocks dipped on Wednesday, as trade tensions were heightened on reports that Washington could impose sanctions on another Chinese company, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting. Fed's St. Louis chief James Bullard, a voter in the rate-setting committee this year, said on Wednesday further weakness in inflation could prompt the central bank to cut rates, even if economic growth maintains its momentum.
President Donald Trump on Wednesday said he told House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer that he can't proceed with a discussion about infrastructure spending while under investigation. Trump and the Democratic leaders were scheduled to discuss building on a preliminary agreement for $2 trillion of infrastructure spending. At an unscheduled Rose Garden press conference, Trump decried the probe by Special Counsel Robert Mueller and said he had the most transparent administration in history. Earlier, Pelosi said Trump engaged in a cover up.
U.S. stocks dipped on Wednesday, as reports that Washington could impose sanctions on another Chinese company heightened trade worries, while a slump in Qualcomm shares pressured the technology sector. The reports come after Washington's decision to temporarily ease curbs on Huawei Technologies calmed investors nerves on Tuesday over a hit to technology sector earnings from the Trump administration's decision last week to add the Chinese telecoms equipment maker to a trade blacklist. Qualcomm Inc plunged 10.1%, contributing the most to a 0.43% drop in the S&P 500 technology sector.
6:44 a.m. The Dow Jones Industrial Average looks set to open little changed as the market waits for the minutes from the last FOMC meeting. Dow futures have dipped 9 points, while S&P 500 futures have declined 0.1%, and Nasdaq Composite futures have 0.2%. The stock market hasn’t dropped all that much since the trade was escalated this month, and one reason is because investors are betting that the Federal Reserve will cut rates if necessary.
U.S. stock benchmarks opened lower Wednesday morning as markets awaited the release of Federal Reserve minutes that could shed light on the central bank's outlook for interest rates amid Sino-America trade tensions. The Dow Jones Industrial Average fell 55 points, or 0.2%, at 25,820, the S&P 500 index retreated 0.2% at 2,858, while the Nasdaq Composite Index slipped 0.2% at 7,768. Minutes from the rate-setting Federal Open Market Committee's April 30-May 1 meeting will be released at 2 p.m. Eastern Time, and come amid increasing expectations that the central bank will cut rates before year-end. In corporate news, shares of home-improvement retailer Lowe's Co. were under pressure, down 7.4%, after its earnings disappointed, while shares of Target Corp. soared more than 9% after its quarterly results. Both quarterly updates were released before the start of regular trade. And Qualcomm Inc. shares tumbled, after a federal judge ruled late Tuesday that the chip maker violated antitrust laws.
As the trade fight with China rages on, Invesco CIO and Head of Global Advisory Solutions Duy Nguyen says there's 'way too much risk' for investors in China right now. He spoke with Yahoo Finance's Alexis Christoforous and Brian Sozzi.