U.S. stocks ended slightly lower on Wednesday amid a continuing cloud of uncertainty over the U.S.'s trade ties with China. The S&P 500 SPX, -0.20% fell 0.2% to finish near 2,880. The Dow Jones Industrial Average DJIA, -0.17% shed 44 points, or 0.2%, to end around 26,005, based on preliminary numbers. The Nasdaq Composite COMP, -0.38% was down 0.4% to end around 7,793.
Investors also kept an eye on a soft reading of consumer prices data, which showed inflation rose by a muted 0.1% in May. Shares of Tesla TSLA, -3.61% slumped 3.7% after Elon Musk, the chief executive of the electric car maker, said the company was not suffering from demand and production issues. Futures for U.S. crude CLN19, -4.05% fell 4% to settle at $51.14 a barrel, weighing on energy stocks.
'as trade tensions continue' ... we've had 'trade tensions THE ENTIRE YEAR and the market is up BIG!🤔🤨
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks set to open lower after US and China take tough trade stancesEuropean stocks are set to open lower after the U.S. and China resumed tough stances in their ongoing trade war.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks set to open mixed after US renews China tariff threatEuropean stocks were set for a mixed open Tuesday after U.S. President Donald Trump told CNBC that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month's G-20 meeting. cheat
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Mattel, CrowdStrike, Dave & Buster'sThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »
Since 2009, when the S&P 500 passes its 50-day moving average there is 90% chance of stock market doing this nextThe S&P 500 Index just crossed over its 50-day moving average. That has happened 10 times since 2009 and has been a bullish indicator for stocks, according to CNBC data analysis. when all the 'big' sign say bullish, it's time to sell
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: These stocks should be bought in this environmentJim Cramer reveals why blue chip stocks like Walmart and Proctor and Gamble may work best in this market. Consumer Staples. Noise! noise! hard ttalk! no brain! Just bla bla
Source: CNBC - 🏆 12. / 72 Read more »
Oil prices fall on weaker demand growth, surprise gain in U.S. crude stocksOil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook ... Economies are so overwhelmingly friendly to new ideas Oil may not be greenbuck of the future 🤑🤑🤑
Source: Reuters - 🏆 2. / 97 Read more »