Category: Market News

Dow opens up after Trump predicts a quick resolution to trade war

Posted on May 24, 2019

Amazon shares contributed to the gains, rising 1% after an analyst at Piper Jaffray said the company’s stock could reach $3,000 in two years. Dow Inc added to the gains, climbing 0.8% after J.P. Morgan upgraded the stock to neutral from underweight. The president’s comments lifted market sentiment at a time when investors are growing

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Stocks fell sharply Thursday as U.S.-China trade worries continue.

Posted on May 23, 2019

The Dow fell 300 points as Chevron and Exxon Mobil lagged. The S&P 500 fell 1.1%, while the Nasdaq dropped 1.3%. Shares of Qualcomm fell 2.9% while Xilinx declined 1.9%. Micron and Lam Research declined 2.2% and 1.8%, respectively. Apple shares also fell 1.7% after a UBS analyst cut his price target on the iPhone

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The Dow was up 130 points as Intel outperformed. The S&P 500 gained 0.75%, with the tech sector jumping. The Nasdaq advanced 1%.

Posted on May 21, 2019

Stocks traded higher Tuesday on news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei. The Commerce Department said Monday night it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The move sought to minimize disruption for

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The Dow Jones Industrial Average declined by 200 points

Posted on May 20, 2019

Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector. The S&P 500 pulled back 0.9%, with the tech sector dropping 1.6%. The Nasdaq Composite fell 1.7%. Alphabet’s Google has suspended business with Huawei that involves transferring hardware, software and other technical services. The U.S. search giant’s

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Market falls as US-China trade tensions linger

Posted on May 17, 2019

The U.S. hiked tariffs on $200 billion worth of Chinese goods last week while China retaliated Monday with higher levies on $60 billion worth of U.S. products. The moves led to a massive sell-off to start off the week. But the major indexes have clawed back most of their losses through Thursday’s close. Chinese stocks

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Market advance after strong Walmart and Cisco earnings

Posted on May 16, 2019

The Dow traded 260 points higher as Walmart and Cisco outperformed. The S&P 500 and Nasdaq each gained more than 1%. Walmart shares rose more than 3.5% after the retailer posted first-quarter earnings that topped analyst expectations. The company also said it is in a “good position ” to meet its goals for 2019 despite

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Fears of trade war is slowing the global economy

Posted on May 15, 2019

Overnight, data released in China showed industrial production by 5.4% in April on a year-over-year basis, notching the slowest pace of growth since May 2003. Economists polled by Refinitiv expected an expansion of 6.5%. Chinese retail sales also disappointed economists. U.S. retail sales fell 0.2% in April, the Commerce Department said Wednesday. Economists polled by

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The Dow was up more than 300 points, led by a gain in Coca-Cola.

Posted on May 14, 2019

Stocks rose sharply Tuesday, regaining some lost ground after a deep sell-off in the previous session, as the market weighed the impact of the escalating trade war between the United States and China. The S&P 500 advanced 1.2% as tech shares outperformed. The Nasdaq climbed 1.5%. Boeing and Apple shares gained 1% and 0.8%, respectively,

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Dow was down more than 500 points

Posted on May 13, 2019

Stocks fell sharply this morning after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies. The tech sector pushed the S&P 500 down by 2%. The Nasdaq dropped 2.6%. China will hike tariffs on $60 billion worth of U.S. imports, starting on June 1,

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Investors still remain on edge that U.S. and China would be unable to resolve a dispute over a proposed trade agreement

Posted on May 8, 2019

The major indexes were little changed Wednesday after a 470-point loss in the previous session. Chinese trade officials backtracked on key aspects of a trade deal draft, undercutting hopes that the Chinese delegation led by Vice Premier Liu He this week could salvage the deal, according to a Reuters report. The Dow has lost nearly

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Higher tariffs on Chinese goods are coming later this week.

Posted on May 7, 2019

The Dow traded 300 points lower, while the S&P 500 fell 1.2% as the energy sector lagged. The Nasdaq dropped 1.3%. Shares of trade bellwethers Caterpillar and Boeing fell more than 1% each. Chipmakers, meanwhile, led the tech sector lower. The VanEck Vectors Semiconductor ETF declined by 1.6% as KLA-Tencor dropped 5.8%. Applied Materials and

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Futures were pointing in different directions Tuesday morning

Posted on April 30, 2019

Market participants prepared for another day of corporate earnings and fresh data releases. The S&P 500 reached an all-time high on Monday on the back of better-than-expected results. Investors are set to keep a close eye on further corporate earnings Tuesday with some major tech companies reporting. On the data front, there will be an

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GDP shows, much stronger than anticipated numbers

Posted on April 26, 2019

Economy grows 3.2% in first quarter The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above forecasts. Economists polled by MarketWatch had forecast a 2.3% increase in gross domestic product. The economy grew at a 2.2% rate in the final

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Wall Street advance as major companies post strong earnings

Posted on April 23, 2019

The market rose Tuesday as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies. Dow rose 60 points, while the S&P 500 added 0.35% and the Nasdaq climbed 0.6%. The Nasdaq 100, which includes the 100 largest companies in the composite index, hit a record high. Dow members Coca-Cola

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Stocks traded lower Monday as investors assessed mixed quarterly numbers

Posted on April 15, 2019

Stocks decline on mixed earnings from major banks The Dow slid 65 points, while the S&P 500 slipped 0.25%. The Nasdaq fell 0.35%. Goldman Sachs reported better-than-expected earnings as the bank kept compensation in check, but its revenue came in below analyst expectations as sales from its institutional clients division dropped by 18%. Shares of

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U.S. stock index futures were slightly higher Friday morning

Posted on April 12, 2019

Market participants awaited the start of earnings season. Market focus is largely attuned to corporate earnings, with major U.S. banks set to get the ball rolling later in the session. FOMC released minutes from its March meeting, at which the Fed adjusted its forecast to no rate moves this year. The minutes reflected a central

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Wall Street watched progress on U.S.-China trade talks.

Posted on April 11, 2019

The Wall Street Journal reported that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S. This follows Treasury Secretary Steven Mnuchin telling CNBC on Wednesday that Washington and Beijing have “pretty much agreed on an enforcement mechanism” for when a deal is struck. Investors

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The Dow slipped 40 points, while the S&P 500 and Nasdaq composite were each slightly higher on Federal Reserve.

Posted on April 10, 2019

Traders awaited minutes from the Federal Reserve’s latest meeting, as well as early results from companies reporting quarterly earnings. The Federal Reserve will release the minutes of its March monetary policy meeting later in the session. Last month, the U.S. central bank decided to maintain interest rates and hold off an any further increases this

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Dow declines under pressure from Boeing and GE

Posted on April 8, 2019

The Dow declines by 120 points. The S&P 500 pulled back 0.15% as the industrial sector dipped 0.9%. The Composite also slipped 0.15%. GE fell more than 6% after J.P. Morgan cut its price target on the stock to $5 from $6 a share. Boeing dropped more than 3.5% after Bank of America Merrill Lynch

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U.S. stock futures rose to their session highs on Friday on the back of stronger-than-expected U.S. employment data.

Posted on April 5, 2019

Futures jump 100 points after better-than-expected jobs report The U.S. economy added 196,000 jobs in March, according to data released by the Bureau of Labor Statistics. Economists polled by Dow Jones expected a print of 175,000. However, wage growth expanded 3.2 percent, below an expected gain of 3.4 percent. On Thursday, the Dow closed more

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Trade Optimism Stocks Advance

Posted on April 3, 2019

The market cheered a nearing trade deal between the U.S. and China and a soft measure on the service economy capped gains. Trade optimism as American and Chinese officials are reportedly closing in on a trade deal, having resolved most of the outstanding issues in their protracted trade dispute. Both countries have levied tariffs on

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Stocks ended higher Thursday as trade talks between China and the U.S. restarted

Posted on March 29, 2019

The Dow gained 91 points as shares of Nike and J.P. Morgan Chase outperformed. The S&P 500 added 0.35 percent. The broad index is also headed for its best first-quarter performance since 1998, rising 12.3 percent. The Nasdaq also advanced 0.35 percent. Financials and consumer discretionary were among the best-performing sectors in the S&P 500,

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Market jumps 200 points at the open as drop in bond yields stabilizes

Posted on March 26, 2019

The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Stocks rose on Tuesday as a decline in Treasury yields stabilized after a recent

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Global growth concerns stocks open lower

Posted on March 25, 2019

Stocks fell on Monday as concerns over the global growth outlook for the economy continued to weigh on investor sentiment The moves came amid a global stock decline in Monday’s session, both in Asian and Europe. Japan’s Nikkei 225 index dropped 3 percent, while German and French equities also declined. Worries over the global growth

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Stocks dropped sharply Friday

Posted on March 22, 2019

Fears of an economic slowdown persist The Dow sank more than 400 points as Nike and Boeing underperformed. The S&P 500 fell 1.7 percent, led by declines in the energy and financials sectors, as the broad index headed for its worst day since Jan. 3. The Nasdaq slumped 2 percent. Stocks dropped sharply Friday as jitters

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Stocks slipped on Wednesday as a decline in FedEx tempered sentiment while investors braced themselves for a key Federal Reserve announcement.

Posted on March 20, 2019

FedEx shares fell more than 5.5 percent after CFO Alan Graf warned in the company’s quarterly report that “slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue.” The Dow Jones Industrial Average declined 113 points as Johnson & Johnson lagged. The

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Stocks rose Monday to start off a busy week which will be highlighted by a key Federal Reserve meeting.

Posted on March 18, 2019

Wall Street awaits monthly Fed meeting The Dow traded 4 points higher, erasing earlier losses. The 30-stock index’s gains were capped by losses in Boeing, however. The S&P 500 added 0.35 percent and the Nasdaq rose 0.5 percent, but their gains were kept in check by a slide in Facebook. Facebook shares fell 2 percent after an analyst

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Market weighs trade talks and Boeing

Posted on March 15, 2019

The S&P 500 and Nasdaq indexes rose Friday as traders cheered renewed optimism on the U.S.-China trade front. Wall Street also headed for strong gains for the week. Gains in the tech and materials sectors pushed the S&P 500 up 0.2 percent. Tech shares also bolstered the Nasdaq, which climbed 0.6 percent. The Dow was

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The Dow Jones Industrial Average fell slightly Tuesday as shares of Boeing continued to struggle.

Posted on March 12, 2019

Boeing fell more than 5 percent, adding to steep losses from Monday’s session. Boeing fell after Edward Jones downgraded the stock to hold from buy, citing a possible “delay in orders” after two 737 MAX jets crashed in less than 6 months. The accident led several countries, including the U.K., China and Indonesia, to ground

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Wall Street looks for more clues on US-China trade

Posted on March 6, 2019

President Donald Trump wants the U.S. and China to strike a deal in hopes of boosting Wall Street stock prices ahead of the 2020 election.  Earlier this week, sources told CNBC the U.S. and China were in the “final stages” of trade talks, with the two sides planning a Mar-a-Lago summit for the end of

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Greenspan warns US budget deficit will lead to higher inflation

Posted on February 28, 2019

The yawning federal budget deficit is ultimately going to eventually lead to higher inflation The federal debt-to-gross domestic product ratio is on track to be as large as it was during World War II, Greenspan said during a talk at a National Association for Business Economics conference. The former Fed chairman despaired the lack of

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U.S. companies finally Goes on Debt Diet

Posted on February 27, 2019

U.S. companies are finally listening to stock and bond investors that have been pressing corporations to cut their debt loads. General Electric Co. is selling its biopharmaceutical business to Danaher Corp. for more than $21 billion, and using the money to pay down borrowings. Kraft Heinz Co. said last week it was slashing its dividend

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Oil fell by more than 2 percent Monday

Posted on February 25, 2019

Oil tumbles after Trump tells OPEC to relax, reversing earlier gains, after President Donald Trump told OPEC producers to relax, as prices are too high. Brent crude oil futures were down $1.43 at $65.69 a barrel at 1403 GMT, having earlier risen to a 2019 high of $67.47. West Texas Intermediate (WTI) crude futures were

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CleanSpark, Inc. (OTC: CLSK)

Posted on December 7, 2018

CleanSpark Releases Shareholder Update Letter PR Newswire SALT LAKE CITY, Dec. 6, 2018 SALT LAKE CITY, Dec. 6, 2018 /PRNewswire/ — CleanSpark, Inc. (OTC: CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems, today released a shareholder update letter. To our Stakeholders; As this is our first official shareholder letter,

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INVESTOR UPDATE FOR VISIUM TECHNOLOGIES, INC. (OTCPK: VISM)

Posted on November 14, 2018

INVESTOR UPDATE FOR VISIUM TECHNOLOGIES, INC. FAIRFAX, VA, Nov. 13, 2018 (GLOBE NEWSWIRE) — Visium Technologies, Inc. (OTCPK: VISM), (the “Company”) today released an Investor Update from the Company: Benchmark cyber risk In an effort to provide all of Visium’s shareholders and future investors with the most current information, Visium’s management team is providing an

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