Equity News Results

  • How the stock market tends to perform after back-to-back Fed rate cuts

    S&P 500, on average, has climbed 1.56% after the Fed has cut rates twice-- but more cuts don't mean better performance. U.S. equity benchmarks on Thursday were nearing all-time highs, a day after the Federal Reserve trimmed interest rates for the second meeting in a row. Policy makers led by Chairman Jerome Powell cut their benchmark rate by a quarter-of-a-percentage point to a range of 1.75% to 2% Wednesday afternoon, as expected.

  • Stocks end lower after U.S-China trade concerns rattle markets

    By Chris Matthews and Mark DeCambre, MarketWatch, Andrea Riquier. Quadruple witching day on Wall Street. U.S. stocks closed lower Friday, for the first weekly decline in a month, as investors looked beyond a litany of central-bank decisions of the past week and focused on the state of China-U.S. trade talks.

  • Stocks close lower after China cuts short trade visit

    U.S. stocks erased early morning gains to close lower Friday, after pessimism over U.S.-China trade relations rose following a decision by the Chinese trade delegation to cancel visits to farms in Montana and Nebraska, potentially signalling a lack of progress on trade negotiations. The Dow Jones Industrial Average fell about 161 points, or 0.6%, to close at 26,934, the S&P 500 index lost 15 points, or 0.5% to end around 2,992 and the Nasdaq Composite retreated roughly 65 points, or...

  • Dow skids to Friday low after China's delegation cancels tariff-related visit to Montana

    U.S. stocks on Friday turned firmly lower in afternoon trade, knocked down after reports that a China trade delegate was cancelling a planned trip to Montana farms. A representative for the Montana Farm Bureau Federation confirmed that the Chinese delegation intended to visit Montana farmland as a part of continuing discussions with the U.S. on trade, but China changed travel plans and would be leaving without a stop in Montana. "This morning, we received word that they would no...

  • Stocks open higher as Dow and S&P 500 approach record highs

    U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks. The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2%, to 27,152. The Nasdaq Composite rose 0.1% to 8,192. The Dow and the S&P 500 are both within a percentage point of their all-time closing highs. News reports said President Donald Trump was exempting hundreds of Chinese...

  • *Roku's stock falls 4.5% in premarket trading

    (END) Dow Jones Newswires 09-20-19 0741 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Head of S&P Dow Jones Indices to retire next year

    S&P Global Inc. (SPGI) said late Thursday its chief executive for S&P Dow Jones Indices, which oversees the S&P 500 index and others, will retire next year. In a statement, the company said that Alexander Matturri will remain CEO "until next year to help ensure a smooth transition at the division," and that his successor would be named "in due course." S&P Global (SPGI) shares were flat after hours, following a 0.8% rise to close the regular session at $256.73.

  • Stocks lose steam to end near unchanged after S&P 500 nears record territory

    By Mark DeCambre, MarketWatch, Andrea Riquier. Shares of Microsoft buoyed the blue-chip index. U.S. stocks closed near unchanged Thursday, giving up early gains scored following better-than-expected housing and manufacturing data a day after the second interest rate cut of 2019 by the Federal Reserve.

  • S&P 500 loses steam after flirting with record territory as stocks end near unchanged

    The S&P 500 flirted with record territory but lost steam ahead of the closing bell on Thursday, with major indexes ending on either side of unchanged. The S&P 500 ended less than a point lower near 3,006, according to preliminary figures, after seeing a session high of 3,021.99, shy of its all-time closing high of 3,025.86 set on July 26. The Dow fell around 53 points to close near 27,093, while the Nasdaq Composite held on to a gain of around 5 points, or 0.1%, to finish near 8,183..

  • *Microsoft's stock up 1.2% to pace Dow's premarket gainers

    (END) Dow Jones Newswires 09-19-19 0822 ET Copyright (c) 2019 Dow Jones& Company, Inc..

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