|Day's Range||7,619.87 - 7,665.15|
|52 Week Range||6,190.17 - 8,176.08|
U.S. stocks dropped Thursday as further signs of a protracted trade war between the U.S. and China weighed on risk assets.
President Trump announced in a press conference today that he is ending infrastructure bill negotiations with Democrats after ending a meeting with congressional leaders abruptly. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Kerry Flynn, Digiday Platforms reporter, to discuss.
U.S. equities are in retreat as a U.S.-China trade spat simmered and the Fed failed to give stocks a lift from the minutes of the latest meeting.
Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week. Although the Trump administration temporarily eased curbs on the Chinese telecoms gear maker, tensions again mounted on Wednesday following reports that the United States was considering sanctions on Chinese video surveillance firm Hikvision. Investors now fret that tit-for-tat tariffs and other retaliatory actions by the world's two largest economies will crimp global growth, and especially hit the high-growth tech sector.
Wall Street's main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries. Trade-sensitive industrials slipped nearly 2%, hurt by losses in shares of bellwethers Boeing Co and Caterpillar Inc.
Stocks opened sharply lower Thursday, with the Dow Jones Industrial Average turning lower for the week, as worries surrounding U.S.-China trade tensions continued to plague the market. The Dow tumbled 291.32 points, or 1.1%, to 25,485.29, leaving it down 1.1% for the week; the S&P 500 fell 31.46 points, or 1.1%, to 2,824.81, while the Nasdaq Composite dropped 97.81 points, or 1.3%, to 7,653.03.
U.S. stocks opened lower on Thursday, as investors feared that the U.S.-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight. The Dow ...
The Dow Jones Industrial Average was set to open down more than 200 points after trade tensions took a turn for the worse overnight.
Not too long ago, Americans worshipped Silicon Valley, technology companies, and their brilliant, driven founders. One of the purest tech plays — the Invesco QQQ Trust (QQQ) — has soared an eye-popping 603% during that time, also excluding dividends. Companies in the crosshairs of public ire — especially Facebook (FB) and Alphabet (GOOG)(GOOGL) parent company of Google — have seen their stocks lag, while others, like Amazon (AMZN) and Microsoft (MSFT) which has put its legendary legal troubles behind it, have way outperformed.
Ministry of Commerce spokesperson Gao Feng says the American ban on China companies — notably Huawei Technologies — is a threat to “the global industrial supply chain.”
Stock futures fell on fears that China trade war won't be short-lived. That's a bad sign for the stock market rally attempt. Tesla stock extended losses.
US stocks opened lower on Thursday morning, while Treasuries and the dollar rallied, as the deepening trade dispute between Washington and Beijing weighed on investor sentiment and extended a monthly decline for equities that is shaping up as the biggest since the December tumble. to join Huawei on a US export blacklist, marking a further potential complication to trade negotiations between the US and China. The S&P 500 was down 1 per cent in early trade on Thursday, while the Nasdaq Composite shed 1.2 per cent. The blue-chip Dow Jones Industrial Average fell 1.1 per cent.
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution to the U.S.-China trade war. Meanwhile, restrictions on Chinese telecommunications giant Huawei have led China to rethink its entire economic relationship with the U.S., according to a report from The South China Morning Post.
The Dow Jones Industrial Average tumbled 0.39% to close at 25,776.61. The S&P 500 slipped 0.28% to end at 2856.27, and the Nasdaq Composite fell 0.45% to close at 7750.84.
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.
The Dow Jones Industrial Average cut early losses but small caps took a pretty big hit. Some growth stocks continue to act bullishly.
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.
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.