Check out which companies are making headlines before the bell: Amazon.com – Amazon remains on watch following another round of criticism from President Trump, who repeated that Amazon has unfair advantages and that he will study policies that will “level the playing field.” PayPal – Amazon is considering the use of its Alexa personal assistant […]
U.S. stocks closed sharply lower on Friday, with major indexes suffering their latest bout of heavy volatility as concerns over rising trade-related tensions between China and the U.S. weighed on sentiment. The Dow Jones Industrial Average DJIA, -2.34% fell 2.4% to 23,930. The S&P 500 SPX, -2.19% sank 2.2% to 2,604. The Nasdaq Composite Index […]
Stocks tumbled Friday as trade tensions between the United States and China heated up. The Dow closed down 572 points, a drop of 2.3%, after President Trump threatened to escalate a confrontation with China over trade. It fell as much as 767 points earlier in the day. The S&P 500 and the Nasdaq each declined […]
Stocks ended the week the way they began it: tumbling as investors worry that tariffs and harsh words between the U.S. and China will touch off a trade war that derails the global economy. The latest drop came as the White House proposed tripling the amount of goods from China that will be subject to […]
Asian stocks traded mixed on Friday, as the overnight rally on Wall Street failed to translate after President Donald Trump indicated that more tariffs against China could be in the works. Still, losses in the region on Friday were slighter compared to the sell-offs on the back of trade news last month. Trump said late […]
Magellan Midstream Partners: “Ouch. My charitable trust sold it today. It gets upgraded. Why did we sell? Because I just don’t like what’s going on with FERC and the Permian. But you know what? I think you’re getting an opportunity to be able to say, ‘OK, I don’t like these master limited partnerships. Let’s go.’” […]
A strategist at J.P. Morgan Private Bank sees positive news ahead for equity investors, despite growing fears in the investment community that major indexes may have topped out. Stocks have had a rocky few months after a historically high 2017. Market turmoil in the first days of April saw its worst second-quarter open since the […]
The Facebook data scandal showed that the group of technology stocks known as the FANGs were operating in a “kind of fairyland,” one analyst told CNBC Thursday, with J.P. Morgan adding that it is “switching preferences” away from just internet stocks. FANGs refer to shares of Facebook, Amazon, Netflix and Alphabet-owned Google. Tech stocks have […]
Semiconductor stocks were among last year’s hottest trades, as names like Nvidia, Applied Materials and Broadcom posted double- and triple-digit returns. Fast-forward to this year, and the once-hot chip stocks have quickly fallen out of favor with investors and into correction territory. The VanEck Vectors Semiconductor ETF (SMH) has dropped 11 percent from its mid-March […]
The Dow on Wednesday rebounded from a more than 500-point plunge to close 231 points higher in another rocky trading day, as Wall Street bet that tariff threats and tough talk on trade from China and the Trump administration was likely a negotiating tactic and that the sides would eventually reach a deal to avoid […]
After an early jolt, stocks rallied and finished higher Wednesday as investors bet that back-and-forth tariff threats between the U.S. and China won’t blossom into a bigger dispute that damages global commerce. The Dow Jones industrial average plunged 501 points after the opening bell but made it all back, and more. Household goods makers, retailers […]
It’s been a bumpy ride for stocks this year. The stock market kicked off April with its worst start to the second quarter since the Great Depression. The Dow Jones industrial average fell 458.92 points. Meanwhile the S&P 500 fell 2.2 percent and the Nasdaq composite fell nearly 2.7 percent. Both closed in correction territory, […]
