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06Dec 2018 by admin No Comments

Trading Trump: Wall Street stresses over White House comments

NEW YORK (Reuters) - JPMorgan Chase & Co’s (JPM.N) trading desk was not buying what U.S. President Donald Trump was selling this week. [caption id="attachment_3799" align="alignnone" width="715"] FILE PHOTO: Specialist trader Meric Greenbaum works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 17, 2017. REUTERS/Brendan McDermid[/caption] On Tuesday, major stock indexes plummeted more than 3 percent on renewed fears of a trade war with China — just days after Trump tweeted, following a steak dinner with Chinese President Xi Jinping, that “Relations with China have taken a BIG leap forward!” “It doesn’t seem like anything was actually agreed to at the dinner,” JPMorgan wrote in a note to clients later that day, adding that Trump’s tweets “seem if not completely…

04Dec 2018 by admin No Comments

Wall Street tumbles, spooked by growth and trade worries

globalMarketsNews, Market Trends, US Economy

(Reuters) - Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors worried anew about global trade. A prominent Federal Reserve official’s comments about the path of interest rate hikes added to the uncertainty for investors, as did setbacks for Britain’s plans to leave the European Union. The S&P 500 .SPX posted its biggest single-day percentage drop in about two months, giving back some gains from Monday and a week earlier, when the benchmark index tallied its largest weekly percentage gain in nearly seven years. The small-cap Russell 2000 dropped 4.4 percent, its biggest one-day plunge in more than seven years. Investors were focused on U.S. Treasury yields, where the benchmark 10-year yield…

04Dec 2018 by admin No Comments

Wall Street drops on trade truce doubts, bond market jitters

globalMarketsNews, marketsNews

(Reuters) - U.S. stocks dropped on Tuesday, as skepticism over chances of a breakthrough in the U.S.-China trade talks weighed on industrial and technology companies, while banks fell as flattening U.S. bond yield curves raised fears of a slowing domestic economy. [caption id="attachment_3728" align="alignnone" width="858"] Traders work on the floor of the New York Stock Exchange.[/caption] The three major indexes pulled back just over half a percent following a rally on Monday after Washington and Beijing agreed to a three-month truce, offering relief to a market clouded for much of the year by the prospect of an all-out trade war. However, different dates from the White House regarding start of the ceasefire and skepticism over an actual resolution in the agreed negotiating window dampened the mood. Traders were questioning the…

26Nov 2018 by admin No Comments

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20Nov 2018 by admin No Comments

Wall Street tumbles at open on retail gloom, tech concerns

In the News, marketsNews

(Reuters) - U.S. stocks opened sharply lower on Tuesday as poor forecasts from retailers for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones. The Dow Jones Industrial Average .DJI fell 398.76 points, or 1.59 percent, at the open to 24,618.68. The S&P 500 .SPX opened lower by 36.13 points, or 1.34 percent, at 2,654.60. The Nasdaq Composite .IXIC dropped 161.05 points, or 2.29 percent, to 6,867.43 at the opening bell. Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva Our Standards:The Thomson Reuters Trust Principles.

27Aug 2018 by admin No Comments

Wall Street opens higher on optimism around NAFTA progress

In the News

(Reuters) - U.S. stocks opened higher on Monday, with the benchmark S&P 500 index and the Nasdaq hitting record highs on optimism around news that the United States and Mexico were closing in on a trade deal. The Dow Jones Industrial Average .DJI rose 92.36 points, or 0.36 percent, at the open to 25,882.71. The S&P 500 .SPX opened higher by 10.00 points, or 0.35 percent, at 2,884.69. The Nasdaq Composite .IXIC gained 43.67 points, or 0.55 percent, to 7,989.64 at the opening bell. Want better returns then the S&P 500? Select Print Type: Paperback (Black & White Only) $14.95 USD Paperback (Full Color) $64.95 USD Save a tree? Buy an ebook copy instead at the follow outlets

23Aug 2018 by admin No Comments

Trumps Tariffs, Trade Wars, Brexit, Longest Bull Run, are these indicators of a Global Recession?

globalMarketsNews, Market Trends

In March 24th 2000 the stock market peaked before the the bubble burst, known as the dot.com bubble, in one of the worst market corrections in decades, some companies, such as Pets.com and Webvan, failed completely and shut down. Others, such as Cisco, whose stock declined by 86%, and Qualcomm, lost a large portion of their market capitalization but survived, and some companies, such as eBay and Amazon.com. The S&P 500 eventually bottomed out at on October 10th 2002 to 769 that was a 51% drop from the high in a matter of two and a half years. In October 11th 2007 the stock market again peaked and the S&P 500 hit a high of 1576 before the bubble burst again this time know as the financial crisis. The S&P…

08Aug 2018 by admin No Comments

Wall St. opens lower as trade tensions escalate

In the News

(Reuters) - U.S. stocks opened lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings. The Dow Jones Industrial Average .DJI fell 13.19 points, or 0.05 percent, at the open to 25,615.72. The S&P 500 .SPX opened lower by 1.66 points, or 0.06 percent, at 2,856.79. The Nasdaq Composite .IXIC dropped 3.66 points, or 0.05 percent, to 7,880.00 at the opening bell. Reporting by Amy Caren Daniel in Bengaluru; Editing by Anil D'Silva Want better returns then the S&P 500? Select Print Type: Paperback (Black & White Only) $14.95 USD Paperback (Full Color) $64.95 USD Save a tree? Buy an ebook copy instead at the follow outlets

07Aug 2018 by admin No Comments

Wall Street opens higher, S&P near record high

In the News

(Reuters) - U.S. stocks opened higher on Tuesday, with the S&P 500 within striking distance of a record high, lifted by gains in technology stocks. [caption id="attachment_2121" align="alignnone" width="644"] Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., July 6, 2016. REUTERS/Lucas Jackson[/caption] The Dow Jones Industrial Average .DJI rose 49.47 points, or 0.19 percent, at the open to 25,551.65. The S&P 500 .SPX opened higher by 5.52 points, or 0.19 percent, at 2,855.92. The Nasdaq Composite .IXIC gained 18.94 points, or 0.24 percent, to 7,878.62 at the opening bell. Reporting by Amy Caren Daniel in Bengaluru Want better returns then the S&P 500? Select Print Type: Paperback (Black & White Only) $14.95 USD Paperback (Full Color) $64.95 USD Save a tree? Buy an…

25Jul 2018 by admin No Comments

Wall Street opens lower as Boeing drags on industrials

In the News

(Reuters) - U.S. stocks opened lower on Wednesday, as disappointing results from Boeing weighed on industrial companies and as investors eyed trade talks between the United States and European Commission. The Dow Jones Industrial Average .DJI fell 58.24 points, or 0.23 percent, at the open to 25,183.70. The S&P 500 .SPX opened lower by 2.67 points, or 0.09 percent, at 2,817.73. The Nasdaq Composite .IXIC dropped 1.67 points, or 0.02 percent, to 7,839.09 at the opening bell. Reporting by Amy Caren Daniel in Bengaluru Want better returns then the S&P 500? Select Print Type: Paperback (Black & White Only) $14.95 USD Paperback (Full Color) $64.95 USD Save a tree? Buy an ebook copy instead at the follow outlets