added 214.66 points to close at 25,862.68. The S&P 500 rose 0.9% to finish its trading day at 2,876.32, while the Nasdaq Composite closed 1% higher at 7,898.05.
The gains stateside came on the back of better-than-expected earnings and U.S. economic data. Housing starts for April topped expectations while weekly jobless claims dropped more than expected.Investors had largely priced in the two economic powerhouses to reach a deal this month. Instead, the U.S. hiked tariffs on $200 billion worth of Chinese imports. China retaliated with higher tariffs on $60 billion worth of goods.
To exacerbate matters, U.S. President Donald Trump declared on Wednesday a national emergency over threats against American technology. In addition, the U.S. Department of Commerce and its affiliates to the Bureau of Industry and Security Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies., which tracks the greenback against a basket of its peers, was at 97.855 after bouncing from levels below 97.5 yesterday.
Keep watching what's happening during 2019
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow stocks losing more than $150 billion in market cap combinedWith the stocks of all 30 Dow Jones Industrial Average companies losing ground amid a broad stock market battering, the companies have shed $157.3 billion in... while crypto is all green, think about that one And how much does Trump generate via tariffs, hmmmm Those paper losses will likely be recovered by 2:00 pm tomorrow.
Source: MarketWatch - 🏆 3. / 97 Read more »
These two Dow stocks could provide shelter in a volatile marketTwo Dow components look like buys to some traders even though the DJIA is having its worst week of the year.
Source: CNBC - 🏆 12. / 72 Read more »
Dow heads more than 300 points lower as stocks brace for worst week of 2019U.S. stocks skid to an intraday late-morning Friday, with major indexes heading for their worst weekly return this year after the Trump administration raised... RobinhoodDT The millenials will abandon stocks for crypto and the next time BTC passes 20k it won't come back down. Investeraren Worst week of 2019. Still up 11-12 % YTD
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow, stocks fall in late morning trading after higher tariffs on China kicked inStocks fell in late morning trading on Friday after higher tariffs on $200 billion of Chinese goods kicked in after midnight. BillionDollarLoser SLIME USA-TODAY, YEAH JUST REPORT LOSSES🙄 TWITTER WRITER/READER FOR USA-TODAY..⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️🤗⬇️ Maybe, per your other article, they should stop spending money on nonessentials such as stocks...but then how would the capitalist machine persist, huh?
Source: USATODAY - 🏆 100. / 63 Read more »
All 30 Dow stocks fall, led by Apple, Boeing and CaterpillarShares of all 30 Dow Jones Industrial Average members were falling in premarket trade Monday, as the U.S.-China trade war intensifies, triggering a broad... i guess what's considered great for america is bad for the market, hmmmmmmmmm This is how the TrumpCrimeFamily really go for the kill to line their pockets. They bet the StockMarket and realDonaldTrump moves the market to benefit him/them. It’s the only thing he’s successful at, other than the ruin of America. markets artofthesteal
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks attempt recovery after S&P and Dow have worst day since Jan. 3Stocks rose Tuesday as equity investors attempt to stage a comeback following the worst daily selloff for S&P 500 and the Dow since Jan. 3. The S&P...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks edge higher; Dow lifted by upbeat earnings from Cisco WalmartU.S. stocks trade modestly higher Thursday, with the Dow Jones Industrial Average lifted following upbeat earnings reports from two components.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow momentarily turns positive for the week as stocks stage rebound in turbulent trading stretchThe Dow Jones Industrial Average rallied midday Thursday, momentarily pushing the blue-chip index into positive territory for the week, amid a rocky,... command economy manipulation is definately a good thing
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia stocks set to decline as US-China trade war heats upChina announced on Monday that it will raise tariffs on $60 billion worth of U.S. goods, beginning on June 1. The latest development from Beijing comes after U.S. President Donald Trump hiked tariffs on Chinese goods last week. Buy American hire American boycott China In 2018 we heard many stories regards hacks, assets stolen, etc. Store your crypto on best & most secured device ever made Ledger Nano X. Get now as it is selling at the lightning speed.
Source: CNBC - 🏆 12. / 72 Read more »