|Day's range||25,560.60 - 25,751.71|
|52-week range||21,712.53 - 26,951.81|
Cryptocurrency investors are looking to bitcoin as a safe haven investment, Tom Lee told Yahoo Finance’s On the Move.
BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower.
Tech was one of the hardest-hit sectors Monday. The Dow Jones Industrial Average fell 0.33% to close at 25,679.90. The S&P 500 tumbled 0.67% to end at 2840.23, and the Nasdaq Composite dove 1.46% to close at 7702.38.
It is effectively a recession in the U.S. automotive sector, and Ford is the latest company to respond, with plans to reduce its salaried staff by 7,000 people, or about 10%.
With seemingly no end in sight to tariff tensions, more investors are feeling rattled about the prospect of a prolonged trade war, which many worry could hurt the global economy and corporate profits.
Investing.com - U.S. stocks closed lower on Monday, led by a slump in chip stocks on reports U.S. companies are starting to cut off Huawei supplies following President Donald Trump's ban on the Chinese tech company.
Despite a deterioration in U.S.-China trade relations and a sell-off starting in early May and continuing through Monday, many hedge funds have closed positions betting on a VIX spike. The call-to-put ratio for VIX options — that is, the percentage of people betting on a rise versus a fall in volatility— has since returned to lows not seen for months. "It would appear that the majority of hedge funds do not expect another sharp rise in volatility, and that they have concluded that the correction has run its course," Takada wrote.
Concern about the U.S.-China trade war was back in focus as U.S. tech companies began complying with a U.S. ban on sales of goods and services to China’s Huawei Technologies.
Google is reported to have removed Huawei’s Android license, while chip makers are reported to have stopped shipping supplies to Huawei.
The S&P; 500 fell 23 points or 0.8% by 9:41 AM ET (13:41 GMT), while the Dow lost 175 points or 0.7%. The tech-heavy Nasdaq composite suffered most, losing 130 points or 1.7%.
Investors have become accustomed to central banks stepping in to bail out the market. Has something fundamentally changed?
Chinese media contend that U.S. negotiators aim to thwart China’s rise, just as they ended Japan’s ascendancy 34 years ago, via an unfavorable deal.
There was a lack of positive signs for a trade deal, as China called the U.S. a “bully.” Stocks spent much of the day near the break-even line before falling late in the day.
A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China have threatened to drive down the cost of oil and gasoline. WASHINGTON (AP) -- Caught in a sprawling trade dispute with U.S. rival China, President Donald Trump has decided against declaring commercial war on America's friends.
Stocks closed broadly lower on Wall Street Friday and notched their second-straight weekly loss, as investors were whipsawed by contradictory developments in the Trump administration's array of trade conflicts.
Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world's two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners.
Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. The S&P 500 and the Nasdaq suffered their second successive weekly declines after U.S. stocks failed to fully recover from Monday's steep sell-off.
Markets got a boost from news that the U.S. is planning to remove metals tariffs on Canada and Mexico, as well as the fact that U.S. consumer sentiment hit a 15-year high.