Wall Street drops on trade truce doubts, bond market jitters

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…
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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 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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Wall Street opens higher led by industrial, financial stocks

Wall Street opens higher led by industrial, financial stocks

marketsNews
(Reuters) - U.S. stocks opened higher on Wednesday, led by gains in industrials after robust quarterly profit from United Airlines and CSX Corp and as Morgan Stanley’s strong results lifted financial stocks. [caption id="attachment_3206" align="aligncenter" width="549"] A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 8, 2017. REUTERS/Brendan McDermid[/caption] The Dow Jones Industrial Average .DJI rose 13.90 points, or 0.06 percent, at the open to 25,133.79. The S&P 500 .SPX opened higher by 1.80 points, or 0.06 percent, at 2,811.35. The Nasdaq Composite .IXIC gained 4.31 points, or 0.05 percent, to 7,859.43 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…
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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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Wall Street bounces back on deals, earnings hope

Wall Street bounces back on deals, earnings hope

marketsNews
(Reuters) - U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war. [caption id="attachment_3728" align="aligncenter" width="858"] Traders work on the floor of the New York Stock Exchange.[/caption] The Dow Jones Industrial Average rose 102.45 points, or 0.41 percent, at the open to 24,802.90. The S&P 500 opened higher by 9.12 points, or 0.33 percent, at 2,783.14. The Nasdaq Composite gained 36.10 points, or 0.47 percent, to 7,752.71 at the opening bell. Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta Want Better Returns in your Portfolio? 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…
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China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

globalMarketsNews, marketsNews, US Economy
BEIJING/WASHINGTON (Reuters) - China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. [caption id="attachment_3723" align="aligncenter" width="1054"] A worker helps load steel bars onto a truck at a warehouse of the Baifeng[/caption] China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the U.S. actions “completely unacceptable”. The foreign ministry described Washington’s threats as “typical bullying” and said China needed to counter-attack to protect its interests. “This is a fight between unilateralism and multilateralism, protectionism and free trade, might and rules,” foreign ministry spokeswoman Hua…
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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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Wall Street opens lower on oil price slide

Wall Street opens lower on oil price slide

marketsNews
(Reuters) - The Dow shed more than 100 points at the open on Wednesday, as a slide in oil prices hit global markets and concerns about the fate of U.S. tax cuts continued to weigh on the mood. The Dow Jones Industrial Average .DJI fell 109.77 points, or 0.47 percent, to 23,299.7.The S&P 500 .SPX lost 13.02 points, or 0.50 percent, to 2,565.85. The Nasdaq Composite .IXIC dropped 39.19 points, or 0.58 percent, to 6,698.68. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva Possible Buy in at $27.54 for ERX
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Wall Street opens lower on tax reform uncertainty

Wall Street opens lower on tax reform uncertainty

marketsNews
(Reuters) - Wall Street opened lower on Monday amid growing uncertainty over a U.S. tax reform deal. The Dow Jones Industrial Average .DJI fell 60.63 points, or 0.26 percent, to 23,361.58. The S&P 500 .SPX lost 6.5 points, or 0.25 percent, to 2,575.8. The Nasdaq Composite .IXIC dropped 19.96 points, or 0.3 percent, to 6,730.98. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva
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