Tag Archives: stock market

“I think it’s the tone. You know, the very next day [after the election] the market was up. But since then, the tone of Democrats, who have declared war on President Trump, I think have been a real negative wave for the market. Particularly, I think Americans want to see legislation, not more investigations. You know, I don’t think they …

Axios reports: In trading this morning, the Dow, the S&P and Nasdaq all wiped out their gains for the year. Retail stocks were hit hard just two days before Black Friday, the biggest brick-and-mortar shopping event of the year. Many traditional retailers have reported strong sales growth quarter after quarter this year — Target reported today that sales surged 5.1% …

CNBC reports: President Trump has repeatedly said there’s been no collusion between his campaign and Russia. So far, Mueller’s probe has led to the indictments of more than 30 people including mostly Russian nationals, but also former Trump campaign manager Paul Manafort and former National Security Adviser Michael Flynn. Trump, however, appears ready to point to any potential problems he …

Politico reports: President Donald Trump on Tuesday claimed that the stock market was taking a “little pause” amid anticipation for next week’s midterm elections. After rising more than 350 points Monday morning, the Dow Jones industrial average took a 566-point plunge before closing down after Bloomberg reported that the administration was readying to announce a fresh round of tariffs on …

NBC News reports: Wall Street had another rough day on Thursday, with the tech-heavy Nasdaq index dipping into correction territory and the Dow Jones closing 548 points down after another day of market convulsions. Thursday’s market mayhem followed a global ricochet triggered the previous day when the Dow Jones tumbled by more than 800 points to its lowest level since …

The Hill reports: President Trump’s removal from office, either by impeachment or electoral means, would not endanger America’s economy or trend of economic growth, financial analysts at Barclays said Thursday. In a post on LinkedIn published Wednesday, the firm’s head of investment strategy in London wrote that economic growth has “little” to do with actions taken by or affecting the …

CNBC reports: Amazon just passed a $1 trillion market cap, and analysts are still telling investors to buy, buy, buy. Of the 47 analysts with ratings on Amazon, 45 (or 96 percent) say analysts should keep accumulating the shares, according to FactSet. That’s the highest ratio of buy recommendations among the 10 most valuable U.S. tech companies. Apple, which last …

The South China Morning Post reports: Grindr, the gay dating app owned by Chinese gaming company Kunlun Group, has received approval from its parent’s executive board for an overseas public listing. The timing of the listing is dependent on conditions in the international capital market and progress of approval from domestic and overseas regulators, Kunlun said in a public filing …

The New York Times reports: In 1997, Apple was on the ropes. The Silicon Valley pioneer was being decimated by Microsoft and its many partners in the personal-computer market. It had just cut a third of its work force, and it was about 90 days from going broke, Apple’s late co-founder, Steve Jobs, later said. On Thursday, Apple became worth …

CBS News reports: Facebook lost about $120 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. The company’s shares plunged $41.24, or almost 19 percent, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline market capitalization in history, exceeding Intel’s $91 billion single-day loss in …

CBNC reports: Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies. The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the …

The Street reports: Stocks finished lower on Friday, March 23, as Wall Street fought to recover following sharp losses after Donald Trump moved to slap tariffs on up to $60 billion worth of China-made goods and China reciprocated saying it would target imports from the United States. The Dow Jones Industrial Average was down 424 points, or 1.77%. The S&P …

MarketWatch reports: The Dow Jones Industrial Average finished sharply lower as losses gathered steam Thursday, producing the worst loss in a single-session for the blue-chip gauge since Feb.8. Back then in early February, the Dow DJIA, -2.93% fell 1,033 points, or 4.2%, as inflation fears perked up. Thursday’s downtrend, which was broad based, came as investors fretted about the effect …

CNBC reports: Even if new tariffs on steel and aluminum spark an international trade war, President Donald Trump is confident the United States would come out on top. Trump announced Thursday that he will impose 25 percent tariff on steel and a 10 percent tariff on aluminum as early as next week in an effort to force partners into “fairer” …

CNBC reports: Stocks fell on Thursday after President Donald Trump said the U.S. will implement tariffs on steel and aluminum imports next week. The Dow Jones industrial average closed 431 points lower after rising more than 150 points earlier in the day. The 30-stock index fell as much as 586 points. The S&P 500 declined 1.4 percent — erasing its …

The Washington Post reports: The Consumer Price Index, which measures how quickly prices are going up in the U.S. economy, rose at a faster than anticipated 2.1 percent in January compared to a year ago, triggering fears of another rocky run on Wall Street. The monthly Labor Department report on the price of everything from gas to groceries was closely …

The Associated Press reports: Dow Jones industrials plunged over 1,000 points Thursday, bringing the index down 10 percent from the record it reached two weeks ago. Stocks started to fall in early trading and extended their losses throughout the morning. The market’s turmoil began last Friday and has continued this week as investors worried about early signs of inflation. Analysts …

Reuters reports: U.S. President Donald Trump, who has repeatedly praised Wall Street gains during his first year in office, on Wednesday dismissed recent market gyrations, saying stocks should not be falling amid strong economic news. “In the ‘old days, when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes …

The Hill reports: The White House on Monday said the country’s “long-term economic fundamentals” remain “exceptionally strong” after U.S. stocks dropped sharply earlier in the day, extending a massive sell-off on Wall Street. “The president’s focus is on our long-term economic fundamentals, which remain exceptionally strong,” White House press secretary Sarah Huckabee Sanders said in a statement. Sanders cited U.S. …

Bloomberg reports: The Dow Jones industrial average fell more than 1,000 points Monday, dropping below 25,000 for the first time since Jan. 4 during a second straight day of sell offs. It’s the worst losses the Dow has ever sustained in terms of points, coming on the heels of Friday’s 666-point loss. The Dow has lost its gains for the …