pulled back 0.14% to 8,292.36. Strong earnings from tech giants Facebook and Apple and a Federal Reserve rate cut were not enough to offset concerns around U.S.-China trade talks.A report from Bloomberg News said Chinese officials have been casting doubt about the possibility of a long-term U.S.-China trade deal being struck.
The report, which cites unnamed sources, said Chinese officials are concerned about President Donald Trump's "impulsive nature" and the risk of him pulling out of any kind of deal. The report, coupled with a weak reading on the Chicago Business Barometer, pressured the major indexes on Thursday, the last day of October.
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Here's what happened to the stock market on TuesdayAll three indices dipped in the final hour of trading as investors looked ahead to a potential rate cut from the Federal Reserve. The Dow and S&P 500 dropped about 0.1% and the Nasdaq decreased 0.6%. One should be wary of markets that rely so heavily on regular feeding from the interest rate tit - - - Not as bad as 90 years ago.....
Source: CNBC - 🏆 12. / 72 Read more »
Why ‘easy money’ years for the stock market are becoming increasingly rareA new measure shows the U.S. stock market becoming “structurally more volatile” over the last several decades, says DataTrek’s Nicholas Colas. it's all good Algos don't CARE. They keep trading trading trading, etc. Individual Investors DO care. And they are leaving leaving leaving, etc. Greater Access. High Speed Trading. Duh...
Source: MarketWatch - 🏆 3. / 97 Read more »
European stocks seen mixed as traders react to Fed rate cut and earningsEuropean stocks were expected to open cautiously Thursday morning after the U.S. Federal Reserve cut interest rates for the third time this year, while corporate earnings season continues to impact markets. Similar in Europe. It‘s all down to family law that‘s very hostile towards men Rich_Cooper RationalMale ironshrink
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Stocks move broadly lower as investors turn cautiousU.S. stocks moved broadly lower in early trading Thursday as investors shifted to a more cautious stance following yet another record high for the market a day earlier Obama’s DOW never went above 19,000 during his 8 years in office... 😏 Do you think they went low because of the sham going on in D.C.? I think people are reacting to TheDemocrats trying to take our country to a new low.
Source: ABC - 🏆 471. / 51 Read more »