Tag: Dow Jones
All three major US indexes close down about 3% as the US Treasury yield curve temporarily inverted for the first time in 12 years, triggering recession fears.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,786.82, up 0.3%.
The Dow Jones plunge signifies fears in the markets over the US-China tariff hike by President Donald Trump.
The benchmark S&P is now just about 4% away from its record closing high in September.
About an hour into the day's trading, the benchmark Dow Jones Industrial Average was essentially flat at 25,695.29.
Investors were cheered by the US manufacturing sector's boost in January while wholesale inflation was tame in February.
Investors are watching the outcome of the Brexit vote as it has been one of the persistent uncertainties in the market.
Shares of American Airlines Group, Southwest Airlines and JetBlue Airways also dropped between 1.1% and 2.5% on the news.
The declines came after the ECB slashed its 2019 economic growth and inflation forecasts.
The Dow Jones Industrial Average lost 0.1% to close the session at 25,806.63.
Stocks began reversing course after a 1500 GMT report said US construction spending fell 0.6% in December.
The broad-based S&P 500 slipped 0.1% to 2,792.40, while the tech-rich Nasdaq Composite Index declined 0.2% to 7,542.39.
Markets are cautiously optimistic as US President Donald Trump is set to meet with China’s top trade negotiator in Washington on Friday.
The FTSE 100 index was higher overall despite a near 16% slump in the share price of British supermarket group Sainsbury's.
About 40 minutes into trading, the Dow Jones Industrial Average was down 0.5% at 25,405.09.
About 20 minutes into trading, the Dow Jones Industrial Average was up 0.7% at 25,612.62.
US lawmakers announced an agreement in principle to avoid another government shutdown later this week.
China struck an upbeat note on the talks, while White House senior counsellor Kellyanne Conway also expressed confidence of a possible deal.
Wall Street opened mixed, with the Dow adding 0.3% in the first minute of trading.
NEW YORK: Wall Street stocks rose modestly early Friday, with strong results from Exxon Mobil offsetting Amazon's weakness and as the US had another...
Markets were cheered by a Wall Street Journal report that the Federal Reserve could cease shrinking its bond portfolio sooner than expected.
Eurozone stocks held onto their gains in afternoon trading, while the euro clawed back ground against the dollar.
About 35 minutes into trading, the Dow Jones Industrial Average was at 24,509.31, down 0.8%.
Global markets are enjoying an overwhelmingly bullish end to the week.