Tag: Wall Street
Analysts warns that Bernie Sanders's plan could make markets more volatile and that the costs would ultimately be borne by American households.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,786.82, up 0.3%.
Wall Street sags into the red on Friday but clung to slender gains for the week as investors were buffeted by an array of global uncertainties and risks.
The first-quarter net loss is expected to be US$1 billion to US$1.11 billion on revenue of US$3.04 billion to US$3.10 billion.
Growing fears are sending investors to the safety of government bonds as trade tensions between the United States and China escalate further.
The broad-based S&P 500 shed 0.4% to 2,864.09, while the Nasdaq Composite Index also dipped 0.4% to 7,863.76.
Following reports that US President Donald Trump would hold off on imposing tariffs on imported cars and parts, Wall Street's outlook turned positive and eased slowdown fears after discouraging economic data.
The companies are banking on changing dietary habits of part of the population limiting meat consumption for environmental, health or animal rights reasons.
There was also an acknowledgement that scars from the crisis linger, and that many consumers still have a negative perception of the financial industry.
While no one expects the Fed to raise rates, investors will be eyeing the dot plot and looking for more details on the balance sheet.
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.
A rewrite released last year could let Wall Street firms re-deploy a whopping US$121 billion now locked up in their banking subsidiaries.
Shares of American Airlines Group, Southwest Airlines and JetBlue Airways also dropped between 1.1% and 2.5% on the news.
Wall Street's 10-year-old bull market emerged from a financial crisis in 2009.
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.
The benchmark Nikkei 225 index lost 0.58%, or 125.61 points, to 21,696.43 in early trade.
Stocks began reversing course after a 1500 GMT report said US construction spending fell 0.6% in December.
As Republicans create more tax breaks for the rich, millionaires buy private jets for their own purposes.
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.
The latest round of negotiations in Washington was extended into the weekend.