U.S. stocks fell Thursday morning but are off pre-market lows after a reading of fourth-quarter GDP came in better than expected. The reading comes as stocks had been under pressure after denuclearization talks between President Donald Trump and North Korean leader Kim Jong Un broke down.
Still, the president expressed hope that a pact could be achieved and described North Korea as having “tremendous potential.” What are strategists saying? “The GDP numbers were better than expected,” Marvin Loh, global macro strategist at State Street told MarketWatch, adding that the numbers were boosted by better-than-expected business investment.
The Chicago purchasing managers index rose 8 points to a reading of 64.7 in February, the largest increase since last February. Shares of HP Inc. HPQ, -16.18% fell 16.2% Thursday, after the company reported falling market share and revenue for its printer-supply business was under pressure, in Wednesday-evening earnings report.
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Not so fast, it wasn't a failed Trump-Kim summit. President Trump obtained a lot of useful information from Kim. President Trump is a confident decision maker. Not only is he building rapport it's honing in on the details. He holds the high ground and a treaty is being formed.
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Stocks under pressure | Trump cuts summit short | GDP data setStock futures are pointing to another lower Wall Street open, following a mixed Wednesday session. TrumpFail The media is so funny. After all the leftist media piles on trump would one think that Kimmy might think trump will be gone shortly and he can go back to building and testing nukes with the next president who most likely will be weak.
Source: CNBC - 🏆 12. / 72 Read more »
South Korean Stocks, Currency Fall After Trump-Kim Summit Ends Without DealSouth Korean stocks slumped in late trading after President Trump and North Korean leader Kim Jong Un ended their summit in Vietnam without an agreement. That looks like Bill Clinton.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks to open lower | Trump and Kim meet | Weight Watchers cratersFutures are lower ahead of the Wednesday Wall Street open, in trading similar to Tuesday's action. Weight watchers is out of touch with their market. Why hire an obese woman to sell success in a field where she has failed for decades. Plus, everyone is tired of daily doses of hatred from the leftists like Winfrey. WalkAway
Source: CNBC - 🏆 12. / 72 Read more »
Stocks little changed despite stronger-than-expected GDPStocks were little changed at Thursday's open as stronger-than-expected economic data were offset by talks between President Donald Trump and North Korean leader Kim Jong Un falling through. It’s amazing how you’re still trying to connect real world events with financial markets performance. Global depression in December and best time ever since then? No deal is better than a bad deal..... too bad feckless Obama did not think the same way All of the Mainstream media was hoping Trump would cave. Today they make the best of their sincere disappointment.
Source: CNBC - 🏆 12. / 72 Read more »