| Previous Close | 7,822.57 |
| Open | 7,803.13 |
| Volume | 450,885,345 |
| Day's Range | 7,781.42 - 7,819.16 |
| 52 Week Range | 6,190.17 - 8,176.08 |
| Avg. Volume | 2,167,885,468 |
Barry Knapp of Ironsides Macroeconomics says the aftermath of tariffs could be a “clear and present danger” to the markets, while Scott Clemons of Brown Brothers Harriman is worrying about inflation. They spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi.
President Trump is heading to Iowa amid unease over farm tariffs as recent polls in the state show that his support has held firm. Yahoo Finance's Dan Roberts, Melody Hahm and Myles Udland discuss.
Fresh worries erupted on the trade front after President Donald Trump said he was holding up a deal with China and had no interest in moving ahead unless Beijing agrees to four or five major points. Hopes that the Federal Reserve will act to counter a slowing global economy due to escalating trade war have spurred a rally in stocks this month, with the S&P 500 index up about 5% so far in June. Fed policymakers will meet on June 18-19 and markets have priced in at least two rate cuts by the end of 2019.
Wall Street's main indexes dipped on Wednesday as worries of a protracted U.S.-China trade war were heightened by Washington's tough stance, but losses were limited by a tame inflation report that supported the case for an interest rate cut. Data showed consumer prices edged up 0.1% in May, in line with expectations of economists polled by Reuters and pointed to moderate inflation. Excluding the volatile food and energy components, the CPI nudged up 0.1%.
Advanced Micro Devices stock will continue to gain share in the semiconductor market and should maintain its “microprocessor momentum,” according to Nomura Instinet.
Stocks trade mixed a day after the Dow snapped a six-day winning streak, with investors weighing a reading on May consumer inflation as they continue to eye the U.S.-China trade fight.
U.S. stock indexes on Wednesday bounced around at the open, with the Dow attempting to avoid falling for a second session in a row as appetite for assets perceived as risky stalled and crude prices slumped, weighing on the broader market. The Dow Jones Industrial Average edged up 20 points, or 0.1%, at 26,072, the S&P 500 index was up less than 0.1% at 2,887, while the Nasdaq Composite Index fell 0.1% at 7,814. Weakness in the information technology stocks, which have been among the best forming sectors in the market, were helping to lead the market lower along with energy shares. A late-Tuesday report from the American Petroleum Institute showed that U.S. crude stockpiles climbed more than expected last week, implying weakening demand, dragging West Texas Intermediate oil futures sharply lower . Lingering trade tensions over international trade relations and questions over whether the Federal Reserve will cut interest rates in coming meetings has been a key catalyst for markets. Meanwhile, Hong Kong's Hang Seng index tumbled amid protests over an unpopular bill that would allow people to be extradited to China. In economic news, U.S. price inflation remains tame, according to the Labor Department's Consumer Price index, which showed prices rising 0.1% in April, in line with the consensus forecast, according to a MarketWatch poll of economists.
6:11 a.m. One day after its five-day winning streak ended with a whimper, the Dow Jones Industrial Average looks set to decline again. Dow futures have fallen 94 points, or 0.4%, while S&P 500 futures have declined 0.4%, and Nasdaq Composite futures have dropped 0.6%. The Dow was well on its way to another 100-point gain on Tuesday, until suddenly it wasn’t.
Stock futures: Tesla rose as Elon Musk touted demand at the Tesla shareholder meeting. Medidata, MagnaChip, Dave & Buster's are big movers. Cybersecurity IPO CrowdStrike priced high.
The three main U.S. stock-market indexes ended with slight losses on Tuesday after giving up gains. Investors across the globe had been cheered by news of fresh moves from Beijing to support the Chinese economy, despite President Donald Trump’s latest attack on the Fed.
President Donald Trump unloaded on Joe Biden as both were visiting Iowa on Tuesday, offering a preview of general-election arguments he’ll make if the former vice president secures his party’s presidential nomination.
President Donald Trump said Tuesday he was holding up a trade deal with China and had no interest in moving ahead, unless Beijing agrees to four or five "major points" which he did not specify. Separately, Trump said he would impose more tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the Group of 20 summit later this month. Stocks were mostly higher in early trading amid lingering optimism over Trump's decision late on Friday to hold off import tariffs on Mexico.
U.S. stocks came off intraday highs to close lower Tuesday, with the Dow snapping a six-day win streak, as investors digested a new round of posturing on the U.S.-China trade standoff.
Key stock indexes faded to a flat finish in today's stock market as a defense merger weighed on the Dow Jones industrials and software dragged the Nasdaq.
U.S. stock benchmarks on Tuesday halted a multiday win streak as industrials and utilities shares slumped. The Dow Jones Industrial Average finished down about 14 points, or less than 0.1%, at 26,048, while the S&P 500 index closed in negative territory but virtually unchanged at 2,885, and the Nasdaq Composite Index ended the session flat at 7,822 (on a preliminary basis). U.S. stock indexes kicked off the session firmly higher on reports that China was planning a batch of fresh economic stimulus but benchmarks lost altitude in midday trade. Lingering Sino-American tariff tensions have undercut some appetite for assets perceived as risky, like stocks. China's foreign ministry on Tuesday said it would respond firmly if the U.S. insisted on escalating its standoff with China, Reuters reported. In corporate news, shares of alternative-meat company Beyond Meat Inc. tumbled 25%, marking its worst day as a publicly traded company after a JPMorgan Chase & Co. analyst cut his rating on the stock to neutral from overweight.
U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China. President Donald Trump said Tuesday he was holding up a trade deal with China and had no interest in moving ahead, unless Beijing agrees to four or five "major points" which he did not specify. Separately, Trump said he would impose more tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the Group of 20 summit later this month.
* Wall Street rally fades after Europe, China end higher * Dollar index down slightly, U.S. * U.S. yield curve flattens after data shows inflation pressure * GRAPHIC-World FX rates in 2019: http://tmsnrt.rs/2egbfVh (Updates prices to late afternoon, adds commentary) By Sinéad Carew NEW YORK, June 11 (Reuters) - Wall Street's indexes lost some ground on Tuesday afternoon and U.S. Treasury yields dipped as worries about the U.S.-China trade war flared up and euphoria following Friday's U.S.-Mexico deal faded.
Industrials and utilities indexes led the way lower, while a decline in technology stocks, including Microsoft Corp and Adobe Inc, added pressure. Early enthusiasm for stocks was mostly "follow-through from some of the news from yesterday," said Jack Ablin, chief investment officer at Cresset Capital Management in Chicago. The S&P 500 industrial index fell 0.9%, weighed down by losses in United Technologies Corp and Raytheon Co.
United Technologies fell 4.1% and Raytheon 4.9%, a day after U.S. President Donald Trump gave mixed signals on whether he believed the $121 billion merger between the companies should go forward. Optimism over Trump's decision late on Friday to hold off import tariffs on Mexico has helped markets rally this week, even though the United States warned it would impose tariffs if its demands were not satisfied.
Technically speaking, the U.S. benchmarks have staged a bullish June reversal, rising sharply from multi-month lows, writes Michael Ashbaugh.
