Tag Archives: stock market

Stocks Tumble Over Trump-China Trade Battle [VIDEO]

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 …

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Stocks Dive Another 424 Points, Down 1360 For Week

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 …

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Stocks Tumble 724 Points On China Trade War Fears

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 …

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Trump: Trade Wars Are Good And Easy To Win

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” …

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Stock Market Plunges On News Of Trump’s Tariffs

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 …

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Inflation Rise Triggers More Wall Street Jitters

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 …

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DISLOYALTY: Stock Market Plummets 1000+ Points

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 …

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Trump Demands Loyalty From Stock Market

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 …

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White House Shrugs Off Stock Market Plunge

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. …

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Dow Sees Record Plunge Of 1100+ Points

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 …

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Stock Market Plummets 666 Points On Memo Day

CNN Money reports: Wall Street just suffered the worst day of the Trump presidency. The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis. A strong jobs report showed wage growth is finally starting to pick up. That’s great news for workers, …

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Apple Set To Become First Trillion-Dollar Company

Reuters reports: Apple Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were “off the charts,” but it might be the company’s market capitalization that needs a bigger graph. Positive reviews for the new device and expectations that many users are on the verge of upgrading from older …

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Amazon CEO Jeff Bezos Made $10 Billion Today

CNN Money reports: Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months. CEO Jeff Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day …

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Gun Stocks Rally After Las Vegas Terror Attack

Market Watch reports: The grim predictability of stock-market reactions to U.S. mass shootings—where before a final tally of casualties can be reached, shares of gun makers rise—continued Monday in the wake of a Las Vegas attack that killed at least 58 and wounded 515. Historically, gun stocks have experienced a bump after a mass shooting for reasons both political and …

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Wall Street Ponders Nuclear War

The Wall Street Journal reports: Here’s a question that’s probably not on the CFA exam: What happens to financial markets if two nuclear-armed nations go to war? After a week of escalating tensions between the U.S. and North Korea, some financial analysts are now taking a stab at it. Strategists at Nordea Markets estimate that in the unlikely event of …

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New App Alerts Stockholders To Trump’s Tweets

From the makers of the smartphone app Trigger: We are excited to announce the release of our latest trigger type: Trump Triggers! This trigger gives you the ability to trade stocks based off of Trump’s tweets about public companies. This one-of-a-kind trigger notifies you when President-Elect Trump tweets about a publicly traded stock that you own in real time. These …

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Brexit Fallout: Dow Jones Plummets 500+ Points

NBC News reports: The Dow Jones Industrial average plunged 500 points on Friday morning — the index’s biggest drop in 10 months — as markets around the world reacted to a vote by citizens of the United Kingdom to leave the European Union. The Dow fell as much as 538.27 points and the S&P 500 dropped as much as 58.49 …

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Global Markets Tumble In Wake Of Brexit Vote [VIDEO]

Bloomberg reports: Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record. “It’s scary, and I’ve never seen anything like it,” said James Butterfill, 41, head of research and investments at ETF Securities in London. “A lot of people …

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Target CEO Brian Cornell: The Boycott Isn’t Hurting Us

Fortune reports: Target reported a disappointing set of first-quarter results on Wednesday and warned investors to expect a slight drop in business in the current quarter. The discount retailer pointed to many factors pinching sales, damp and cool weather in parts of the company and skittish consumers, among them. But one thing not hitting sales is the purported boycott of …

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Hillary Clinton Sends Biotech Stocks Tumbling After Tweeted Reaction To Drug Price Gouging Story

Hillary Clinton yesterday tweeted the above reaction to a New York Times story about drug price gouging. Then this happened: The former first lady’s comments clearly spooked investors. The iShares Nasdaq Biotechnology ETF (IBB) went from flat on the day before the Clinton tweet to closing down nearly 5%. Biotech stocks helped knock the Nasdaq into the red on what …

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