Stock market live updates: Dow futures down 200, record retail sales plunge, China tensions

The Trump administration on Friday took action to prevent shipments ofTechnologies. The Commerce Department said it was changing an export rule to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain U.S. software and technology." The company has for months been in the crosshairs of a broader U.S.-China trade battle and the latest announcement is likely to take a toll on the globe's second-largest smartphone maker.

Friday as investors braced for what's expected to be a grim report on April's retail sales at 8:30 a.m. ET, which will provide a key insight into U.S. household spending in recent weeks. Wall Street is also monitoring U.S.-China relations after the White House took action to block shipments of semiconductors to Huawei from the world's chipmakers.

On one hand I am not shocked since stores except Walmart and target are not open, on the other hand, people are scared this is not over and they will save as much as possible for the next round of closures.

Not a surprise. Should be factored in already

Goes to the point I was making yesterday.

It’s almost like we should give money to people to spend instead of bailing out billionaires. The “stimulus” before was likely to help people keep the lights on. It didn’t encourage any spending.

It's going to drop even more in due time as unemployment benefits and stimulus runs out...

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Rally off the lows, Dow gains 300, bank stocks lead comeback“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today. “Doom and gloom”? You may think that’s because of 30+ million unemployed? Or small businesses going away forever? We have the most death, most unemployment, and worst economy in the world ,yet Wall Street scam is green after being down big earlier. When does the manipulation stop? Inflating the bubble market is not helping us. Every other market in world was red. Fed reserve investigated plz The FED will help stonks and the rich. The peasants don’t matter...
Source: CNBC - 🏆 12. / 72 Read more »

Dow climbs 377 points as bank-stock rally outweighs historic unemployment filings - Business InsiderEarly-day declines driven by dismal economic data gave way to gains in the afternoon as bank stocks rallied. 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 Trump2020 🇺🇸🇺🇸🇺🇸 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Source: BusinessInsider - 🏆 729. / 51 Read more »