Global stocks headed lower Monday, as investors continued to parse the impact of a trade spat between the U.S. and China. The Stoxx Europe 600 fell 0.7% in early European trade and futures pointed to an 0.6% opening loss for the S&P 500.. In Asia, Chinese stocks edged down, with Hong Kong's Hang Seng and the Shanghai Composite shedding 1.1% and 1.3%, respectively.
The latest episode in a trade dispute between the United States and other major economies sent European shares further into a funk on Monday with benchmarks down 0.7 to 1.4 percent. A report that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block more tech exports to Beijing hit Asian stocks overnight and dented early European trading.
* Asian shares ease, U.S. stock futures down 0.5 pct. * China, auto shares take the brunt of Trump's trade war. * Oil prices give up gains as OPEC agrees on output hike. * Turkish lira rises more than 1 pct after Erdogan's victory. * European shares seen falling 0.5-0.6 pct. By Hideyuki Sano.
* Asian shares flat in early trade, U.S. stock futures down a tad. * China, auto shares take the brunt of Trump's trade war. * Oil prices maintain gains after OPEC agrees on output hike. * Turkish lira rises more than 1 pct after Erdogan's victory. By Hideyuki Sano.
An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.
Goldman raises S&P 500 earnings forecast, but leaves price targets unchanged. Corporate earnings will rise and the economy will expand in the next few years, but the stock market will see only limited gains, according to analysts at Goldman Sachs. In a Thursday note, strategists led by David Kostin raised their S&P 500 earnings estimate for each of the next three years, but left the price target for the index unchanged at 2,850 for year-end 2018 and 3,000 by the end of 2019..
The Dow's biggest losers in 2018 derive much of their revenue from outside the U.S. In a volatile year for the U.S. equity market, one factor has emerged as pivotal in determining whether a stock is likely to rise amid growing concerns over trade policy: how much of that company's revenue is derived from domestic sources. This distinction has proven to be a key issue for investors trying to determine what stocks will be most impacted by tariffs or other so-called protectionist...
U.S. stock-index benchmarks opened solidly higher Friday, with the Dow industrials attempting to snap a eight-day skid, amid rising tensions over global trade between the U.S. and its partners in China and Europe. An agreement between members of the Organization of the Petroleum Exporting Countries and other oil producers to lift an output curb also was in focus. The Dow Jones Industrial Average rose 150 points, or 0.6%, at 24,608, the S&P 500 index climbed 0.5% to 2,762. The Nasdaq...
By Mark DeCambre, MarketWatch, Ryan Vlastelica. Energy stocks lead, supported by jump in crude prices. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats.
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