|Bid||226.51 x 3000|
|Ask||229.50 x 1000|
|Day's Range||225.19 - 235.38|
|52 Week Range||89.00 - 276.31|
|Beta (5Y Monthly)||1.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 27, 2021 - May 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 13, 2020|
|1y Target Est||229.27|
The Nasdaq undercut lows while Amazon and stay-at-home winners like Zoom tumbled below 200-day lines. But the market rally isn't all dead yet.
(Bloomberg) -- The U.S. will suspend retaliatory tariffs on U.K. products caught up in the longstanding dispute over illegal aid to Boeing Co. and Airbus SE in a boost for post-Brexit Britain’s trade agenda.The tariff suspension will last four months to “focus on negotiating a balanced settlement to the disputes”, the U.K. government said in a statement on Thursday. The decision means goods like Scotch whisky, biscuits and clotted cream can be imported to the U.S. from Britain without being subject to an additional 25% duty.Removing tariffs on U.K-U.S. commerce has been a priority for Prime Minister Boris Johnson’s government as they seek a broader trade deal with President Joe Biden’s administration. Britain unilaterally dropped tariffs on some U.S. products indefinitely in January in a bid to reduce trade tensions. The former Trump administration did not reciprocate the U.K.’s concession.The U.S.’s temporary rollback could help resolve part of the World Trade Organization dispute over the aid to Boeing and Airbus, which has resulted in WTO-authorized tariffs targeting nearly $12 billion worth of transatlantic trade.The dispute, which has dragged on for 17 years, involves the U.S. and the four European countries that manufacture Airbus aircraft and parts -- Germany, France, Spain and the U.K.It was not immediately clear if the Biden administration would also agree to temporarily suspend its tariffs on EU goods that the Trump administration targeted for retaliation in the dispute.‘Bold’ MoveIn November, the EU announced tariffs targeting $4 billion worth of Boeing planes and U.S. products including spirits, nuts and tractors as part of a tit-for-tat escalation against the U.S. For its part, the U.S. imposed levies on $7.5 billion of EU products starting in 2019.Though the European Commission had repeatedly asked the U.S. for a six-month suspension of tariffs in order to negotiate a settlement, former U.S. Trade Representative Robert Lighthizer declined to do so and further increased tariffs against EU goods in one of his final acts in office.The U.K. said the latest move was a “bold, joint step” toward resolving one of the longest running issues at the WTO. The statement also said that the U.K. and U.S. would focus on “addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China”.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Dow Jones Industrial Average slid from record highs at the end of February, as the current stock market pullback continues. The best Dow Jones stocks to buy and watch in March 2021 are Apple, Disney, Microsoft and Visa.