S&P 500 falls to session low

Apr 07, 2018, 00:08
S&P 500 falls to session low

The Dow Jones Industrial Average was sitting pretty at the end of January.

The probabilities of a recession in the last half of 2019 and early 2020 are increasing in odds and maybe quite dramatically, Kass added, saying: "The bottom line is that our president is going to make market volatility and economic uncertainty great again". Here's the latest from Barron's reporters.

The Dow Jones industrial average lost 346 points, or 1.4 percent, to 24,158.

Investors might feel a little less anxious about a possible trade war after they've overcome Wednesday morning's panic. But late Thursday, Trump ordered the U.S. Trade Representative to consider placing more tariffs on Chinese imports.

More news: China trade battle: How we got here

Trade worries are rising again as Pres. Trump requests that USA trade officials consider imposing tariffs on an additional $100B worth of imports from China, which reacted by declaring that is ready to respond to any new tariffs and that negotiations could not be conducted under current conditions. "The market has vacillated between writing it off as just talk and assuming there could be a serious problem", said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

The White House sent out the same signal.

Boeing, among the hardest-hit stocks on Wednesday after China retaliated with $50 billion in tariffs on US goods, rose 2.7 percent, giving the Dow its biggest boost, followed by Goldman Sachs, up 1.3 percent.

The Dow Jones Industrial Average late-morning Friday was trading near session lows as worries about intensifying conflicts between the US and China. Oil prices fell nearly 5 percent this week as investors wondered if an increase in trade tensions will reduce demand for oil by slowing down the global economy. Another 12 of the Dow's 30 components have declined between 10 and 20 percent from their year highs.

More news: Ben Affleck finally admits massive phoenix back tattoo is real

Boeing rose 1.9% and Caterpillar gained 1.5%.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.80 percent.

The session lows from Wednesday to keep an eye on are 2574 on the S&P 500 and 23,523 for the Dow.

More news: Canadian teen wins $1000 a week for life on 1st lottery ticket

Loading...
loading...
loading...
YOU MIGHT ALSO LIKE
  • ICICI Bank shares reeling on police probe report

    ICICI Bank shares reeling on police probe report

    However, the bank did not say anything with regard to review of insolvency cases which was part of board meeting agenda for today. Approximately 5,108,606 shares were traded during trading, a decline of 36% from the average daily volume of 7,936,838 shares.
    Huawei doesn't need United States  market, but wants to stay here

    Huawei doesn't need United States market, but wants to stay here

    The market, at present, is dominated by both Apple and Samsung, two companies that are heavily advertised in the country. As one of the biggest markets in the world, though, Huawei definitely wants in, and it's clearly not giving up...
    Thibaut Courtois says he is committed to Chelsea

    Thibaut Courtois says he is committed to Chelsea

    Chelsea will be desperate for Courtois - who has returned to the west Londoners for treatment - to face rivals Spurs on Sunday.
  • Reports of Douma evacuation deal 'not true': council member

    Reports of Douma evacuation deal 'not true': council member

    Journalists on the ground said both the regime and the rebels had restricted access to the evacuation operation from Douma. More than 4,000 people left the devastated town of Harasta last week under a deal with the Ahrar al-Sham rebel group.
    Marlins win 17-inning thriller on Miguel Rojas hit

    Marlins win 17-inning thriller on Miguel Rojas hit

    The Cubs bullpen, revamped after a dismal 2017 postseason, shut out Miami over the final 5 2-3 innings, allowing only one hit. Louis, MO, USA; Chicago Cubs right fielder Ian Happ (8) follows through on a double during the first inning against the St.
    Chelsea legend urges club to keep Conte

    Chelsea legend urges club to keep Conte

    However, the progress Andreas Christensen has made since becoming a Chelsea regular can give our youngsters a goal that they can play for the club's first team one day.
  • Narendra Modi betrayed Andhra Pradesh by denying special status, says Chandrababu Naidu

    Narendra Modi betrayed Andhra Pradesh by denying special status, says Chandrababu Naidu

    He also met leaders from different parties to generate support over getting Special Category Status (SCS) for Andhra Pradesh . Subsequently, the BJP refuted Naidu's charges and ridiculed him for his attempts to seek support from the Opposition.
    Here's why Oklahoma teachers walked out today

    Here's why Oklahoma teachers walked out today

    Waynelle Mason, 63, was among the state workers who showed up to support teachers -and rally for raises for state employees. Last week, the state's Republican-controlled legislature passed a revenue package that included pay raises for teachers.
    UCLA guard Aaron Holiday, Jrue Holiday's brother, declares for 2018 National Basketball Association  draft

    UCLA guard Aaron Holiday, Jrue Holiday's brother, declares for 2018 National Basketball Association draft

    He's averaging 15.7 points and 2.9 rebounds and is shooting 45 percent from 3-point range in Lithuania. With the 72 points , LiAngelo matched his career-high effort as a senior at Chino Hills (Calif.).
  • China Trade War: Chinese Tariffs Aim at the Heart of Trump Country

    China Trade War: Chinese Tariffs Aim at the Heart of Trump Country

    Q: Is there a downside to raising tariffs? In January, he slapped tariffs on imported solar panels and washing machines. China has wasted no time in firing back after President Donald Trump's salvo against its high-tech products.
    Tesla 'out-accelerating the Model T'

    Tesla 'out-accelerating the Model T'

    Tesla said on Tuesday it had produced 34,494 vehicles in the first quarter this year, up 40 percent from the same time last year. The solar roof still has a long way to go to become the transformational product that Musk expects it to be.
    Michigan Ready to Take On Villanova

    Michigan Ready to Take On Villanova

    In their win against Kansas, the Wildcats hit a Final Four record 18 three-pointers, with 13 of those coming in the first half. The Wolverines eschew interior D in favor of covering the 3-point line at all costs, and the results have proven him right.
popular