· Stocks closed lower on Friday after CNBC reported that trade talks between China and the U.S. have stalled.
The Dow Jones Industrial Average ended the day down 98.68 points at 25,764 while the S&P 500 fell 0.6% to 2,859.53. The Nasdaq Composite was down 1% at 7,816.28. It was also the fourth straight weekly drop for the Dow.
Sources told CNBC’s Kayla Tausche that scheduling discussions for further trade talks have been put on hold since the Trump administration has increased scrutiny...
• The S&P 500 initially sold off rather drastically in the Asian session, as futures traders reacted to the Chinese threatening the Americans in a bit of a tit for tat scenario. Ultimately, this is a market that has plenty of support underneath and I think it’s only a matter of time before the buyers come back in on dips. However, if we were to break down below the 2800 level, the market could go much lower. Keep in mind that this is all about headlines and emotion right now so regardless...
· Stocks rose on Thursday as sentiment was boosted by strong earnings from Walmart and Cisco Systems while banks climbed on higher rates.
The Dow Jones Industrial Average closed 214.66 points higher at 25,862.68, led by Walmart and Cisco. The S&P 500 gained 0.9% to close at 2,876.32 while the Nasdaq Composite advanced 1% to 7,898.05. The major indexes also closed higher for the third straight day.
Walmart shares rose 1.4% after the retailer posted first-quarter earnings for fiscal 2020 that...
•European stocks traded lower Friday morning 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.
The pan-European STOXX 600 dropped 0.6% after the opening bell, autos leading the losses with a fall of 1.6% in the early minutes of trading, while only travel and leisure and utilities stocks started the day in the black.
Stateside, investors will be monitoring...
· Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs.
The Dow Jones Industrial Average closed up 115.97 points at 25,648.02 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,850.96 while the Nasdaq Composite rose 1.1% to 7,822.15.
· Three sources told CNBC the administration will delay those levies by up to six months. The news, which was first reported by Bloomberg News, sent...
•European markets opened lower Thursday despite a late rally in Wednesday afternoon trade, after CNBC revealed that the U.S. plans to delay auto tariffs on European imports by up to six months.
The pan-European STOXX 600 fell 0.4% after the opening bell, autos stocks leading the losses with a 1.3% decline in the early minutes of trade. Basic resources got off to the strongest start, climbing 0.5%.
Despite early losses across European markets Wednesday, autos finished around 2% higher Wednesday...
· Stocks rose on Tuesday, regaining some of the sharp losses from the previous session, as investors weighed the impact of the escalating trade war between the United States and China.
The Dow Jones Industrial Average rose 207.06 points to 25,532.05, boosted by gains in Visa and Boeing shares. The 30-stock index also posted its best day since April 12. The S&P 500 advanced 0.8% to 2,834.41as tech shares outperformed. The Nasdaq Composite climbed 1.1% to end the day at 7,734.49.
· “The...
•European stocks traded mixed Wednesday as markets tried to rebound from a sell-off Monday resulting from China’s announcement of retaliatory tariffs on U.S. imports.
The pan-European STOXX 600 was flat in the opening minutes of trading, with travel and leisure stocks jumping out to a fast start with a 1% rise, while utilities dropped by 0.8% after the opening bell.
•Asian stocks rebounded from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald...
· Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.
The Dow Jones Industrial Average dropped 617.38 points, or 2.4%, to 25,324.99 and posted its worst session since Jan. 3. The S&P 500 also had its worst day since early January, falling 2.4% to 2,811.87. The Nasdaq Composite dropped 3.4% — its biggest one-day loss of the year — to 7,647.02.
At its lows of the day, the...
•European stocks traded higher Tuesday morning as investors began to mitigate the sharp downturn caused by China’s announcement of retaliatory tariffs on U.S. imports.
The pan-European STOXX 600 rose 0.5% in the opening minutes of trade. Sector wise, autos made a strong start to trading, climbing 1.3%, with the vast majority of sectors starting the session in the black.
•Fresh U.S.-China tariff war volleys pressured Asian shares on Tuesday, but comments from U.S. President Donald Trump...
· Stocks staged a massive reversal on Friday after President Donald Trump said conversations with China over trade will continue and his relationship with President Xi Jinping remains strong.
The Dow Jones Industrial Average finished the day 114.01 points higher at 25,942.37, roaring back from a 358-point loss earlier in the session that came in the wake of a tariff increase by the U.S. effective just after midnight. The S&P 500 snapped a four-day losing streak, eking out a 0.37% gain at 2...
•Markets in Europe traded lower Monday morning, with investors continuing to monitor trade developments between the U.S. and China.
The pan-European STOXX 600 was down by around 0.5% after the bell. Food and beverages were the strongest sector, while autos took an early hit, losing more than 1.5% in early trade.
•U.S. stock futures and Asian shares fell on Monday on growing anxiety over whether the United States and China will be able to salvage a trade deal, after Washington sharply hiked tariffs...
· Stocks fell on Thursday, resuming a deep sell-off this week, ahead of new U.S. tariffs on Chinese goods set to go into effect at midnight.
The Dow Jones Industrial Average fell 138.97 points at 25,828.36 on Thursday, while the S&P 500 dropped 0.3% to 2,870.72 and the Nasdaq Composite lost 0.41% to 7,910.59. The Dow is down more than 650 points and the S&P 500 has lost about 2.5% this week after President Donald Trump threatened to raise tariffs on more Chinese goods over the weekend.
Stocks...
•European stocks were higher Friday morning despite the U.S. hiking duties on $200 billion worth of Chinese products.
The pan-European STOXX 600 climbed 0.9% in early deals, with the French CAC 40 and German DAX indexes both rising by 1%. Technology stocks were the strongest early performers, jumping 1.3%.
Washington increased tariffs on Chinese goods from 10% to 25% overnight. China immediately said it would retaliate, though did not specify how. But European investors have not been spooked...
· Stocks failed to rebound from a deep sell-off this week as investors remain on edge about the standoff between the U.S and China over a trade agreement.
The Dow Jones Industrial Average finished the day 2.24 points higher at 25,967.33, while the S&P 500 was down 0.16% to 2,879.42 and the Nasdaq Composite fell 0.26% to 7,943.32. The Dow was down 75 points at its intraday low and was up as much as 153 points at one point. The volatile session followed big losses in the previous two days with...
•S&P 500 TECHNICAL ANALYSIS
Taking a closer look at S&P 500 futures, to highlight afterhours trade, reveals that recent declines risk turning into a more pronounced downtrend. This is underpinned by further confirmation achieved after the Bearish Engulfing candlestick. Further declines places near-term support at just above 2824, with sentiment readings hinting of a bearish-contrarian trading bias.
•European stocks opened lower Thursday morning as trade tensions between the U.S. and China...
· Stocks fell sharply on Tuesday after a top U.S. trade official indicated that higher tariffs on Chinese goods are coming later this week, disappointing traders who hoped President Donald Trump’s weekend tweet threat was just a negotiation tactic.
The Dow Jones Industrial Average fell 473.39 points, or 1.79%, to 25,965.09 after plunging as much as 648.77 points at its low of the day, while the S&P 500 dropped 1.65% to 2,884.05. It was the Dow’s biggest drop since January 3. The Nasdaq...
•Global stock markets have slumped after US President Donald Trump's unexpected threat to impose new tariffs on Chinese exports.
On Wednesday, Japan's Nikkei 225 index lost 1.5% after the Dow Jones ended down 1.8%.
The US president has vowed to double tariffs on $200bn of Chinese goods on Friday, amid claims Beijing is trying to row back on a trade deal.
But a Chinese delegation is still due in the US for trade talks this week.
The talks, led by Chinese Vice Premier Liu He, are due to resume...
· Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April.
The Dow Jones Industrial Average rose 197.16 points to 26,504.95, while the S&P 500 rose nearly 1% to 2,945.64, posting its biggest gain since April 1. The Nasdaq Composite climbed 1.6% higher to hit a record high of 8,164. Shares of Amazon got a boost from an investment by Warren Buffett’s Berkshire Hathaway.
· Stocks recovered the bulk of their earlier losses...
•U.S. stock index futures were lower on Tuesday morning, as market participants continued to monitor trade relations between the U.S. and China.
At around 2:30 a.m. ET, Dow futures fell 148 points, indicating a negative open of more than 150 points. Futures on the S&P and Nasdaq were also lower.
Wall Street ended Monday’s session lower but showing a recovery of the bulk of its earlier losses. Traders believed that Beijing and Washington will reach a deal despite the latest escalation...