U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average DJIA, -1.51% fell 316 points, or 1.3% at 25,914, the S&P 500 index SPX, -1.62% fell 1,4% at 2,881, while the Nasdaq Composite Index COMP, -1.96% declined 1.6% lower at 7,861.
Trump ordered "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA." The losses erased weekly gains for the S&P 500 and the Nasdaq while the Dow was clinging to a 0.2% gain. The Trump statement comes after the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec.
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Dow jumps more than 200 points, Target and Lowe's surge on strong earningsAll 3 major U.S. indices rose today after retailers such as Target and Lowe's reported strong earnings, lifting investor sentiment. The Dow climbed 0.93% as the S&P popped 0.83% and Nasdaq climbed 0.9%. Yes cause the kiddies are going back to school Consumer spending is a lagging indicator especially at Target, with these low interest rates, etc.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
Dow ekes out gain as bond market flashes another recession warningPresident Trump says the economy is “doing really well,” even though a major indicator of recessions, the yield curve, inverted for the third time since last Wednesday. CNN’s Boris_Sanchez reports. Boris_Sanchez Indicators like those that said Hillary would win by a landslide? Those indicators, I.E.poles that were guaranteed to have Hillary as the winner. Those polls? Those indicators? You’re, um, trustworthy indeed… LOL Boris_Sanchez Trump just said he 'doesn't see a recession'. But Trump is wrong about pretty much everything. Boris_Sanchez The yield curve has been on a downward trend for close to 5 years. So were you lying about a good economy during the last president? Why the big deal now
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »