Stocks edge lower as traders weigh Fed chief remarks

Stocks edged lower in early trading on Wall Street Friday after Federal Reserve Chairman Jerome Powell gave no clear signal on additional interest rate cuts. Stocks recovered some of their losses from an early slide caused by the latest escalation in the trade war between the U.S. and China.

Beijing said Friday it would retaliate against the most recent round of tariffs imposed by Washington with duties on $75 billion of U.S. products. The S&P 500 was down 0.2% as of 10:18 a.m. Eastern Time. The Dow Jones Industrial Average lost 27 points, or 0.1%, to 26,227. The Nasdaq dropped 0.3%. The Trump administration has imposed a 25% tariff on $250 billion in Chinese imports. A pending 10% tariff on another $300 billion in goods would hit everything from toys to clothing and shoes that China ships to the United States, however some 60% of the new tariffs wouldn't go into effect until mid-December, and others were taken off the table altogether.

The chosen one will sort out the stock's markets.

The incredibly weak realDonaldTrump is creating through his chaos exactly the situation he wants. One that forces the Fed to cut interest rates. Stable genius means that realDonaldTrump is a horse’s A$$.

When the economy is great 95% of the time there is no media reporting. Why is that? fakenews

Yay Trump is making America Great Again !!!!

No, the market were trading up this morning until the Fed open their mouth. 75 billion in tariffs is meaningless.

Thanks to President Trump, our economy is strong and the markets will adjust

Nah, DowJones dropping on realDonaldTrump tweets.

Bipolar people need to relax. Everything will be fine. Stay the course.

All this winning!

Foot Locker stock is down 16%. Wow. But think about it. 90% of their inventory -- athletic shoes -- is made in China. The execs there have to be sticking pins in their Stable Genius Vodoo Doll.

Who hired this Fedral Reserved Sherman

Well, Trump is having another Hissy Fit. What do you expect? The man is not sane. We have a madman in charge of our economy.

Uh you might want to try again on this one.

Lo que alertó MauricioCard esta mañana.

Leading by Whining..the whining never stops...realDonaldTrump all his life looked for someone else to blame; He knows recession is coming...When the country crashes & burns, he’ll find excuse for that too...but it’s never his fault, even when it is..

The markets are still shaky. Keep an eye on your money, folks...

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target, Lowe's results boost Wall Street; stocks hold gains after Fed minutesWall Street's main indexes rose on Wednesday as upbeat earnings from retail...
Source: Reuters - 🏆 2. / 97 Read more »

Stocks finish mixed as traders weigh weak economic data ahead of Fed speechThe Dow Jones industrial average rose, while the S&P 500 index rose and Nasdaq Composite fell during US trading on Thursday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Global Stocks Rise, With All Eyes on the FedStocks climbed at the end of a week dominated by central-bank policy, with a closely watched speech expected from Federal Reserve Chairman Jerome Powell later in the day. Get rid of the fed. The Fed (Federal Reserve Bank) created so the House of Representatives can shirk their financial responsibility. Jekyll Island 1913. Look it up.
Source: WSJ - 🏆 98. / 63 Read more »

Three stocks to buy with the Fed split on rates, traders sayAs the Fed's path becomes murkier, two traders have some ideas on where to put money to work. Who is sponsoring Steve Leishmans Jackson Hole wardrobe?
Source: CNBC - 🏆 12. / 72 Read more »