clawed back a 2.3%, plunge, nearly 600 points, to finish just 22 points lower. Concerns about the U.S.-China trade war causing a global economic slowdown has slammed stocks this week. Ahead of Thursday trading, the Dow was down 1.8% for the week, while the S&P 500 was down 1.6% this week.The stock market bounced as plummeting bond yields stabilized. The 10-year Treasury yield, which briefly dipped below 1.6% on Wednesday,, where it remained Thursday morning.
. A weakening Chinese currency, represented by more yuan needed to buy a dollar, makes China exports more attractive. President Donald Trump has frequently complained that a strong dollar against the yuan gives Beijing a trade advantage.Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019.from a year ago while imports fell 5.6%. From January to July, China's trade surplus with the U.S. has totaled $168.5 billion.
It will come back. Always does.
1. Don’t sell anything. 2. Keep consistently investing until retirement. 3. That’s it, you’ll probably have millions of dollars.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »