|Day's range||5,323.17 - 5,364.22|
|52-week range||4,555.99 - 5,601.38|
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.
U.S. President Donald Trump's bid to blacklist Huawei has further intensified trade tensions, while the Chinese ruling Communist Party's newspaper has insisted the trade war will only make China stronger. The morning's biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration's bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party's newspaper striking a defiant tone.
LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China.
TOKYO (AP) — Asian shares were mostly higher Friday but benchmarks in Shanghai and Hong Kong gave up earlier strong gains amid uncertainty over the potential outcome of trade talks between China and the U.S.
The pan-European STOXX 600 was down 0.8% during early afternoon deals, with all sectors and major bourses in negative territory. Sentiment continued to be curbed by trade tensions between Washington and Beijing. President Donald Trump claimed overnight that China "broke the deal" in negotiations.
European stocks were lower Wednesday amid escalating fears of a breakdown in trade talks between the U.S. and China. Despite the news that Chinese Vice Premier Liu He would travel to Washington on Thursday, fears have been growing that the proposed trade deal between the two economic powers is unraveling. European stocks traded lower on Wednesday as the escalating threat of a trade war between the U.S. and China continued to weigh on major markets.
Federal Reserve Chairman Jerome Powell says the central bank is a "nonpolitical institution," and officials were not considering outside criticism in making their decisions. President Donald Trump on Tuesday tweeted that the Fed needed to cut its key policy rate by a full percentage point and also start quantitative easing by buying bonds to lower interest rates. Powell did not respond directly to Trump's suggestions.
London's FTSE traded lower Wednesday midday as investors await the latest monetary policy decision from the U.S. Federal Reserve. Other major European markets are closed for the May Day public holiday. London's FTSE index pared gains to trade lower Wednesday midday as investors await the latest monetary policy decision from the U.S. Federal Reserve.
Looking at individual stocks, Umicore dropped more than 15%. The Belgian materials tech and recycling company downgraded its revenue and earnings forecast for 2020. The French retailer Casino announced Tuesday that it is expanding its partnership with Amazon, allowing it to sell via the e-commerce platform.
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news.
Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Health care, energy and technology companies accounted for much of the broad rally, which extended the S&P 500's consecutive run of gains to seven days. Small company stocks did better than the rest of the market.
Manufacturing activity in China rose in March after three months of decline, suggesting a rebound in economic activity. Media reports suggest that Prime Minister May could put her withdrawal agreement to a fourth vote on Tuesday. European stocks jumped Monday, as investors in Europe digested stronger-than-expected Chinese data.