Trading Trump: Wall Street stresses over White House comments

Trading Trump: Wall Street stresses over White House comments

In the News, Market Trends
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…
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Wall Street tumbles at open on retail gloom, tech concerns

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.
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Wall Street opens higher on optimism around NAFTA progress

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
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Wall St. opens lower as trade tensions escalate

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
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Wall Street opens higher, S&P near record high

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…
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Wall Street opens lower as Boeing drags on industrials

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
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Wall Street lower on weak earnings, escalating trade tensions

Wall Street lower on weak earnings, escalating trade tensions

In the News, marketsNews
(Reuters) - U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars. [caption id="attachment_2191" align="aligncenter" width="780"] Traders work on the floor of the New York Stock Exchange (NYSE) as the market closes in New York, U.S., October 3, 2016. REUTERS/Lucas Jackson[/caption] EU Trade Commissioner Cecilia Malmstrom said she hoped a mission to Washington would ease the trade dispute that started after the United States imposed tariffs on EU steel and aluminum on June 1, with President Donald Trump threatening to extend them to cars and auto parts. “Today’s theme is trade war, as the EU is going to retaliate against car…
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Netflix drags Wall Street lower ahead of Powell’s testimony

In the News, marketsNews
(Reuters) - Wall Street dipped on Tuesday as Netflix’s slump due to weak subscriber growth weighed on other high-growth stocks, while investors awaited Federal Reserve Chairman Jerome Powell’s Congressional testimony. Powell is likely to reiterate the central bank’s stance toward gradual monetary policy tightening at his testimony on the economy and monetary policy before the U.S. Senate Banking Committee from 10.00 a.m. ET. The markets will also look for his comments on recent U.S.-China trade tensions. Powell will answer questions from the House of Representatives Financial Services Committee on Wednesday. “The main focus of the day will be Powell’s presentation of the monetary policy,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “Investors will be listening very closely at what he’s going to say and…
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S&P hits four-month high on oil, Pepsi boost

S&P hits four-month high on oil, Pepsi boost

In the News, US Economy
(Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 hitting a four-month high, boosted by higher oil prices and strong results from PepsiCo. PepsiCo’s shares rose 4.3 percent after the company’s quarterly revenue and profit topped analysts’ estimates, helped by strong sales in its Frito-Lay unit. “The first major earnings report came out, and PepsiCo’s earnings beat expectations and that’s a good start for the market,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. PepsiCo helped drive a 0.61 percent gain in the consumer staples index. Rival Coca-Cola rose nearly 1 percent. The energy index was the biggest gainer among the 11 major S&P sectors, jumping 1.39 percent as oil prices rose due to growing supply outages. Shares of Exxon, Chevron and Schlumberger…
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Wall Street enters third day of gains as trade fears ease

In the News, marketsNews
(Reuters) - U.S. stocks rose on Monday, with bank stocks leading third day of gains in a row after strong U.S. jobs data from last week helped investors brush aside trade concerns. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermid The S&P financial index rose 1.3 percent, providing the biggest boost to the main S&P index. But gains were widespread, with technology, energy, industrials, consumer discretionary and healthcare stocks rising. The United States and China engaged in tit-for-tat tariffs on Friday, both countries imposing duties worth $34 billion on each others’ goods. But the benchmark S&P 500 closed up 0.84 percent on Friday as many analysts said the move was already priced in, but warned…
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