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.
A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington.
By Alexander Osipovich and Avantika Chilkoti. Major U.S. stock indexes broke a three-week winning streak, closing with a modest loss after a volatile stretch in the markets. The Dow Jones Industrial Average suffered a loss of about 1% for the week, which featured turmoil in money markets and dramatic swings in crude prices following an attack on oil facilities in Saudi Arabia.
By Alexander Osipovich and Avantika Chilkoti. U.S. stocks turned lower Friday after reports that a Chinese trade delegation would be returning home earlier than expected, souring hopes that Washington and Beijing were moving toward a trade deal. The news capped off an eventful week that featured turmoil in money markets and an attack on oil facilities in Saudi Arabia that triggered dramatic swings in crude prices.
* China agriculture delegation scraps U.S. farm visit to Montana. * MSCI world equity index slips. * Central bank easing helps risk sentiment but trade tensions hurt. * Treasury yields fall; dollar falls vs yen. * Oil prices edge higher. By Saqib Iqbal Ahmed.
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.
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...
Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the S&P 500 lost 15.08 points, or 0.50%, to 2,991.71 and the Nasdaq Composite dropped 65.21 points, or 0.8%, to 8,117.67.
By Alexander Osipovich and Avantika Chilkoti. U.S. stocks turned lower Friday after reports that a Chinese trade delegation would be returning home earlier than expected, souring hopes that Washington and Beijing were moving toward a trade deal. The news capped off an eventful week that featured turmoil in money markets and an attack on oil facilities in Saudi Arabia that triggered dramatic swings in crude prices.
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