|Day's range||25,328.09 - 25,658.00|
|52-week range||21,712.53 - 26,951.81|
A new survey from the Fed found that the long economic recovery has not leveled the playing field for black, Hispanic, and less educated Americans, who may be turning to gig work for financial fortitude.
Stocks extended their losses in afternoon trading, with tech stocks leading the way down, as Wall Street saw higher odds of a full-blown trade war between the U.S. and China
Investing.com - Stocks took a beating Thursday as investors worried that a U.S.-China trade war could drag on indefinitely and sap global growth.
Terse comments from Chinese officials fanned the flames of tariff worries again, sending the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite sharply lower.
The Dow Jones Industrial Average was set to open down more than 200 points after trade tensions took a turn for the worse overnight.
The S&P; 500 fell 35 points or 1.2% by 9:44 AM ET (13:44 GMT), while the Dow lost 346 points or 1.3% and tech-heavy Nasdaq composite was down 114 points or 1.5%. The Nasdaq has under-performed all week on fears that the tech sector will be hurt more than most as the U.S. tries to stop China attaining world leadership in technologies such as 5G.
General Electric CEO Larry Culp gave Wall Street analysts a little more detail about GE’s troubled power business, at a conference in Florida on Wednesday.
US Treasury yields plunged to their lowest level since 2017 and shares fell more than 1 per cent on Thursday as the deepening trade dispute between America and China raised concerns about global economic growth. The rush to the relative safety of government debt pushed the yield on 10-year US Treasury bonds to roughly the same level as when the Federal Reserve began raising interest rates in 2015. The S&P 500 closed 1.2 per cent lower, recovering from a drop of as much as 1.8 per cent, dragged lower by the technology sector and by energy stocks as growth concerns contributed to a sharp fall in the price of oil.
The Dow Jones Industrial Average tumbled 0.39% to close at 25,776.61. The S&P 500 slipped 0.28% to end at 2856.27, and the Nasdaq Composite fell 0.45% to close at 7750.84.
Investing.com - U.S. stocks closed down but finished off their lows Wednesday as renewed trade jitters were offset by dovish minutes from the Federal Reserve.
The minutes from the latest meeting of the Federal Open Market Committee offered no market-moving news, leaving stocks lower, as they were earlier in the day.
6:44 a.m. The Dow Jones Industrial Average looks set to open little changed as the market waits for the minutes from the last FOMC meeting. Dow futures have dipped 9 points, while S&P 500 futures have declined 0.1%, and Nasdaq Composite futures have 0.2%. The stock market hasn’t dropped all that much since the trade was escalated this month, and one reason is because investors are betting that the Federal Reserve will cut rates if necessary.
STOCKSTOWATCHTODAY BLOG Downdraft: Stocks will likely be starting out the day with losses. Futures on the S&P 500 were off by 0.4% shortly before the market was due to open as lingering trade tensions and some disappointing earnings results from the retailers weighed on sentiment.
The S&P; 500 fell 9 points or 0.3% by 9:44 AM ET (13:44 GMT), while the Dow lost 90 points or 0.4% and tech-heavy Nasdaq composite was down 22 points or 0.3%.
Tesla stock is down 38% year to date, far worse than the 10% gain of the Dow Jones Industrial Average and a 1% gain in the Russell 3000 Auto & Auto Parts Index.
The Dow Jones Industrial Average rose 197.43 points, or 0.77%, to close at 25,877.33. The S&P 500 gained 24.13 points, or 0.85%, to end at 2864.36, and the Nasdaq Composite added 83.35 points, or 1.08%, to close at 7785.72.
Stocks rebounded from Monday’s declines as a temporary exemption to a blacklist against China’s Huawei Technologies ignited a more risk-on sentiment among investors.