U.S. stocks recovered from early losses to trade mixed Thursday after a report on the U.S. services sector showed it growing at a slower pace than at any point since 2016, following a report on manufacturing earlier this week that showed it contracting for the second month in a row.
Read: Dow, S&P 500, Nasdaq notch worst start to a quarter since 2008 financial crisis as recession fears accelerate In other data, the Labor Department estimated that the number of Americans applying for new jobless benefits rose to a one-month high of 219,000, potentially effected by a three-week-old strike at General Motors Inc., though the number of jobless claims remain near historic lows.
A number of other Fed officials are set to speak on Thursday, including Fed Gov. and Vice Chairman for Supervision Randal Quarles, who gave a speech in Brussels at 8:30 a.m. ET, Cleveland Fed President Loretta Mester, set to speak at after noon, and Fed No. 2 Richard Clarida, who is slated to speak on the outlook for the economy and monetary policy at 6:35 p.m.
US Commerce Department finds that Chinese companies are dumping cabinets on the US market. A final determination of tariffs will be made Feb 17th, 2020. It could be 39.25% on select makers and 262.18% on everyone else
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Stocks making the biggest moves midday: McDonald's, Charles Schwab, TD Ameritrade & moreThese are the stocks posting the largest moves midday.
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Stocks sink as U.S. manufacturing shrinks in reflection of trade warU.S. stocks turned lower after a key gauge of manufacturing posted the weakest reading since the end of the last recession. Treasuries erased losses. It can not withstand what’s going on the fed govt ! It’s going to drop ppl will Bail once the Senate turns on that lousy bastard in WH ! U can bet on that ! Trump Economy? Going Down? Absolutely Going Down!
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Stocks making the biggest moves premarket: Lennar, TD Ameritrade, Stitch Fix, Twitter & moreThese are the stocks posting the largest moves before the bell. Wheres wallstreetbets when you need em? Can I get put here, put there, everywhere a put put.
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