US Edition
US Stocks Waver as Trade Tensions with China Flare up Again
- On Oct. 14, U.S. stocks plunged, with the Dow Jones Industrial Average falling 510 points and U.S. stock futures opening sharply lower after an overnight escalation.
- China's Commerce Ministry announced the ban on dealings with five subsidiaries of Hanwha Ocean, and tit-for-tat port fees between the U.S. and China went into effect Tuesday.
- By early trading, CME Dow mini futures were down about 208 points, the Nasdaq Composite fell 1.9%, and Nasdaq futures tumbled 1.3% as tech shares remained volatile.
- Safe-Haven assets rallied as gold hit a record above $4,100/oz despite mostly strong results from JPMorgan Chase and Wells Fargo beating estimates.
- With a partial U.S. government shutdown delaying data, investors watch Federal Reserve Chair Jerome Powell's Oct. 14 speech and recent Fed minutes, keeping a risk premium embedded.
78 Articles
78 Articles
Stocks Wobble Amid US-China Trade Tensions
US indexes bounced between gains and losses and wound up mixed on Wall Street on Tuesday as trade tensions continued to simmer between Washington and Beijing. The S&P 500 gave up an afternoon gain and fell 10.41 points, or 0.2%, to 6,644.31. The Dow Jones Industrial...
Stocks wobble as trade tensions between the US and China
NEW YORK (AP) — U.S. indexes bounced between gains and losses and wound up mixed on Wall Street as trade tensions continued to simmer between Washington and Beijing. The S&P 500 gave up an afternoon gain and closed 0.2% lower Tuesday.
Wall Street rebounds despite rising U.S.-China trade tensions
KEY TAKEAWAYS: S&P 500 rises 0.2%, Dow gains 366 points, Nasdaq slips 0.3%. Big tech falls; banks, industrials, and retailers drive broader gains. U.S.-China trade tensions and port fees continue to impact markets. Federal Reserve monitoring employment, gold soars amid economic uncertainty. Stocks recovered from an early slump and gained ground on Wall Street Tuesday as investors brushed off escalating trade tensions between the U.S. and C…
US stocks gain ground as Wall Street brushes off rising trade tensions with China
Stocks recovered from an early slump and gained ground on Wall Street as investors brushed off escalating trade tensions between the U.S. and China. The S&P 500 rose 0.2% Tuesday. The index is coming off its best day since May.…
Bessent Warns China is 'Financing War’ Amid Trade Standoff
U.S. Treasury Secretary Scott Bessent issued one of the Trump administration’s sharpest rebukes of Beijing to date, warning Monday that China is financing war and is threatening global stability amid growing U.S.-China trade tensions. “The United States is pushing for peace in the world. China is financing war,” Bessent said on Mornings with Maria. The secretary accused Beijing of “provocative” behavior as both nations prepare for a potential me…
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