Wall Street is obsessed with the yuan right now. At 9:44 a.m. ET, the Chinese offshore currency hit an intraday low against the dollar. Merely two minutes later, the S&P 500 slumped to the low of the day of 2,824.45. Stocks quickly rebounded in the afternoon with the S&P 500 erasing a 2% loss just […]
Stocks To Watch
High volatility keeps stocks on edge—5 strategists on what’s next for the market
Market sentiment is in a flutter. U.S. stocks plunged and then rebounded Wednesday after central banks in New Zealand, India and Thailand cut interest rates amid continued uncertainty over the U.S. trade war with China. Tensions between Beijing and Washington have been escalating this week, signaling high risks of volatility in the market. As trade […]
Stocks rebound from worst day of the year—here’s what 4 experts are watching now
U.S. markets recovered from their worst day of the year, after China’s central bank rejected the U.S. Treasury’s classification of the country being a currency manipulator and stabilized the yuan. The move provided some relief to the markets and eased tensions that a currency war between the world’s two biggest economies was on the horizon. […]
White House ‘incompetence’ on the U.S.-China trade war is concerning investors: William Cohan
Major indices suffered their worst day of the year on Monday following increased trade tensions as the US announced tariffs on more Chinese goods, China’s Yuan tanked against the dollar, and the US labeled China a currency manipulator. William Cohan, a former investment banker-turned-special correspondent at Vanity Fair, and the author of the book “Four […]
‘Not yet over’ — stocks have further to fall before the selling subsides, say chart analysts
Wall Street’s summer swoon likely isn’t over yet. Several chart analysts are pointing out that while the market has dropped sharply over the past few days, it still has a long way to go before a sustainable bottom can be reached. Even with a slight rebound on Tuesday. The S&P 500 has nose-dived more than […]
The stock market is exactly where it was one year ago
For all the excitement in the past 12 months, the stock market is exactly where it was one year ago. The S&P 500 just traded at 2,851.67. On Aug. 6, 2018, the index closed at 2,850.4. So without dividends, investors have made nothing in the market and lost money including any fees. With dividends, investors […]
Here’s how the stock market lost more than $1.4 trillion (and counting) in less than a week
It took just four brutal trading days for a $1.4 trillion wipeout in the S&P 500 stock value. From the Federal Reserve’s disappointing comments on the future of interest rates to President Donald Trump’s surprise tariffs to China’s weaponizing of the yuan, the record-long bull market took a big hit in a relatively short time. […]
Stocks still have room to fall, but look to buy the dip, JP Morgan says
Stocks have fallen sharply as a trade war between the world’s two biggest economies ramped up in the past week, and according J.P. Morgan, it’s a good time to start buying. Equity markets could still be in for a few more weeks of pain, but J.P. Morgan head of global and European equity, Mislav Matejka, […]
What Happened in the Stock Market Today
Major benchmarks accelerated last week’s declines on Monday amid escalated trade tensions between the U.S. and China. In an apparent response to President Trump’s threat of new tariffs on imported Chinese goods, China’s government not only allowed its currency to fall to the lowest level against the U.S. dollar in over a decade, but also […]
Stocks making the biggest moves after hours: Shake Shack, Marriott, Take-Two
Check out the companies making headlines after the bell: Shares of Shake Shack climbed as much as 6.35% in after-hours trading after the restaurant chain beat Wall Street’s estimates for its second-quarter earnings and raised its guidance for the year. The company reported adjusted earnings per share of 27 cents on revenue of $152.7 million, […]
