* Indexes: Dow 1.43%, S&P 1.55%, Nasdaq 1.79% * Powell says will "act as appropriate" to support growth. * China unveils retaliatory tariffs on U.S. goods. By Akanksha Rana and Medha Singh.
U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average fell 500 points, or 1.9% at 25,759, the S&P 500 index fell 2% at 2,865, while the Nasdaq Composite Index declined 2.3% lower at 7,806. Trump said "our great American companies" to "immediately start looking for an alternative to China,...
U.S. stocks slumped after China said it would impose retaliatory tariffs on additional U.S. products and President Trump responded on Twitter, escalating the trade tensions that have rattled markets in recent weeks. The S&P 500 dropped 1.4%, on track to give up its gains for the week. The Dow Jones Industrial Average fell 1.3%, and the Nasdaq Composite declined 1.6%.
U.S. stocks wavered after China said it would impose retaliatory tariffs on additional U.S. products, escalating the trade tensions that have rattled markets in recent weeks. The S&P 500 slipped 0.9%, on track for a weekly gain of 0.3%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq Composite fell 1%.
U.S. stocks wavered between gains late-morning Friday as Wall Street was parsing a much-anticipated speech from Federal Reserve Chairman Jerome Powell at a symposium of central bankers in Jackson Hole, Wyo. The Dow Jones Industrial Average briefly flipped into positive territory after showing triple-digit losses and was most recently up 0.2% at 26,295, the S&P 500 index was up 0.1% at 2,925, while the Nasdaq Composite Index was 0.1% higher at 8,002. Powell on Friday said the...
- Canada's main stock index dropped on Friday as energy shares fell, tracking declines in oil prices as trade dispute intensified after China unveiled more tariffs against U.S. goods, including crude. * At 9:52 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 32.86 points, or 0.2%, at 16,220.6. * Still, the main index was set to log its biggest weekly gain in six weeks.
* Indexes down: Dow 0.40%, S&P 0.43%, Nasdaq 0.56% * China unveils retaliatory tariffs on U.S. goods. * Powell's speech to start at 10:00 a.m. ET. * HP Inc (HPQ) falls after CEO exit, disappointing forecast. * Foot Locker slumps after quarterly results miss estimates. By Akanksha Rana and Medha Singh.
U.S. stocks, commodities and Treasury yields faltered after China said it would impose retaliatory tariffs on additional U.S. products, escalating the trade tensions that have rattled markets in recent weeks. The S&P 500 fell 0.5% and the Dow Jones Industrial Average lost roughly 0.4% shortly after the opening bell. The Nasdaq Composite slipped 0.6%.
The Dow average on Friday headed lower at the open along with the rest of the major indexes after a report surfaced indicating that China was ready to take retaliatory measures in its lasting tariff conflict with the U.S. A report from the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that the U.S. is slated to increase import duties on some $300 billion Beijing...
Recessions have often followed times when the yield on the two-year Treasury note has exceeded that of the 10- year issue. "Stocks Climb on Strong Retail Earnings--Update," on Wednesday at 4:18 p.m. EDT, incorrectly stated downturns often follow when longer-term yields are higher. (END) Dow Jones Newswires 08-23-19 0927 ET Copyright (c) 2019 Dow Jones& Company, Inc..
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