|Day's range||7,755.4819 - 7,801.8770|
|52-week range||6,081.9600 - 7,801.8770|
U.S. stocks are mostly higher Wednesday as technology and media companies lead a recovery from the turbulent trading seen the day before. The Dow is down 12 points to 24,687. Other media companies are rallying as investors hope for more deals.
U.S. equity benchmarks mostly rose in afternoon trading on Wednesday, though the Dow threatened to extend its recent losing streak to a seventh straight session, while gains in technology stocks helped to lift the broader market. The Dow Jones Industrial Average (^DJI) fell 18 points, or 0.1%, to 24,683, erasing an early advance. Were the Dow to extend that stretch to seven, it would still represent the longest since that month.
NEW YORK (AP) — U.S. stocks are slightly higher Wednesday as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies are making some of the largest gains. Twenty-First Century Fox is jumping after it agreed to a new deal with Disney, which will buy Fox's entertainment businesses for more than $70 billion. Media companies are rallying as investors hope for more deals. Walgreens rose after it was added to the Dow Jones industrial average, where it will replace General Electric next week.
Twenty-First Century Fox jumped 6.1 percent after Walt Disney sweetened its bid to $71.3 billion, topping Comcast's offer. Disney and Comcast were both marginally higher. Markets were slammed on Tuesday, with the Dow Jones Industrial Average erasing its year-to-date gains, after President Donald Trump's latest tariff threats against Chinese goods.
Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said. Jones’s comments come after he told CNBC last week that stock market and bond yields are set for a ‘crazy’ rise.
Ignoring the market jitters, a few stocks have managed to rise 10% or more in a month. Here we have highlighted five such stocks from the Retail-Wholesale sector.
US markets lost upward momentum last week and started this week on a weaker note by closing lower on Monday. Carrying forward the weakness, the S&P 500 opened lower on June 19 and ended at two-week low price levels. On Tuesday, six out of 11 major S&P 500 sectors declined. Weakness in the industrials, materials, and IT sectors weighed on US markets. However, strength in the telecom services and utilities sectors limited the market losses.
SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade.
US stocks were mostly higher on Wednesday, cautiously climbing back from days of declines triggered by the escalating trade dispute between the US and China. The S&P 500 was up 0.1 per cent in morning ...
Greater China markets recovered slightly after slumping in the last session. Markets worldwide fell on Tuesday after U.S. President Donald Trump threatened new tariffs against China. Asian stocks closed higher on Wednesday, with regional markets paring some of the sharp losses made in the previous session caused by elevated fears of a trade war between the U.S. and China .
Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Smaller companies less focused on overseas trade fared better, as did ...
Dow turns negative for 2018, down 0.1% year to dateReutersChina's Ministry of Commerce spokesperson Gao Feng attends a news conference in Beijing Tuesday. U.S. stocks finished in the red on Tuesday, albeit off session lows, as investors shed stocks following President Donald Trump’s late-Monday threat to slap an additional $400 billion in tariffs on China goods. The Dow Jones Industrial Average (^DJI) fell 1.2%, or 287.26 points, to close at 24,700.21, dragged down by sharp losses in trade-sensitive, industrial stocks Boeing Co.(BA), Caterpillar Inc.(CAT) and 3M Co.(MMM).
The U.S. economy remains solid with strong earnings, tax reform and deregulation, analysts say. "If you put it all together, things are not all bad, despite the rhetoric that you hear in the marketplace," says Krishna Memani. "We are seeing a lot of capital expenditures," Karyn Cavanaugh, senior market strategist at Voya Investment Management, told CNBC.
Do you really think the threat of a trade war is causing U.S. stocks to stumble? It strikes me as though mounting trade tensions have become commentators’ latest whipping boy, conveniently available as the after-the-fact explanation for whatever the market is already doing. When the U.S. market tumbles, as it did Monday and again on Tuesday, when the Dow Jones Industrial Average (^DJI) fell by almost 300 points, increasing trade war worries are blamed.
President Trump imposed tariffs on $50 billion worth of Chinese goods on June 15. Then trade war concerns, which have been lingering on in the markets for quite some time, took a turn for the worse. As expected, China immediately vowed to respond in kind to the latest set of tariffs. China has announced the imposition of 25% tariffs on US goods worth $34 billion.
Though U.S. stocks are firmly lower early Tuesday, the market price action is more orderly than the headline numbers suggest, writes Michael Ashbaugh.
The Dow, S&P 500 and Nasdaq composite have all dropped, on average, at least 0.4 percent this year immediately after an announcement related to U.S. trade relations, CNBC analysis using Kensho shows. The analysis takes into account six instances this year in which the Trump administration and the European Union have announced they will impose tariffs or threatened to impose them on certain goods. The Trump administration's history with trade has been volatile for stocks, usually sending them lower at first, but investors who have bought equities on those dips have been rewarded.
The top White House trade adviser, Peter Navarro, says Beijing "may have underestimated the resolve of President Donald J. Trump" by refusing to meet U.S. demands on trade and by threatening to retaliate against American trade sanctions. Navarro, known for his hard-line approach to China, still says the U.S. is open to talks to resolve the dispute before it imposes tariffs on up to $450 billion in Chinese products. Navarro also disputes any notion that the trade standoff would damage the broader relationship with China.
The Dow Jones Industrial Average Tuesday morning traded near session lows and was on the verge of posting its worst daily decline since late April. The Dow industrials was most recently off 400 points ...
The Cboe Volatility Index spiked on Tuesday, and was on track for its biggest one-day percentage jump of the month as the latest bout of trade tensions rattled Wall Street and sent stocks sharply lower. The VIX popped 15% to 14.13, a level that is still considerably below its long-term average between 19 and 20. Tuesday is on track to be the VIX's biggest one day move since May 29.
The Dow Jones Industrial Average fell sharply on Tuesday, but it appeared to find support at a key level that could signal a floor under equity prices. The Dow lost 1.3% to 24,667, pressured by the latest bout of trade-policy uncertainty. The Dow has been under pressure of late, and it is on track for its sixth straight daily drop, its longest such streak since March 2017.
U.S. stocks opened sharply lower on Tuesday, with the Dow threatening to wipe out all of its 2018 gains and mark its sixth consecutive decline, amid escalating tensions over trade between the world's largest economies. Late Monday, President Donald Trump requested that his administration draw up a fresh list of Chinese goods worth $200 billion on which to impose tariffs, ratcheting up mounting tariff tensions between Beijing and Washington and raising fears that a genuine trade-war could hurt the interconnected, global economy.
After gaining for three consecutive trading weeks, the S&P 500 opened this week on a weaker note by closing lower on Monday. On June 18, the S&P 500 opened the day lower and traded with weak market sentiment. Eight out of 11 major S&P 500 sectors closed the day lower on Monday. The weakness in the telecom services, consumer staples, and healthcare sectors weighed on the market. However, strength in the energy and utilities sectors limited the market losses. Market sentiment
BEIJING (AP) — Global stock markets fell Tuesday after U.S. President Donald Trump escalated a dispute with China over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods.