Dow Jones Industrial Average drops 343 points The Dow dropped 343.79 points, or 1.27% to 26,573.04. The S&P 500 slid 1.23% to close at 2.940.25. The Nasdaq Composite fell 1.13% to 7,908.68 The sharp decline came after disappointing manufacturing data spooked investors. ISM manufacturing dents stocks to start off first quarter Stocks fell after the
Finance
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the labor market, the next part of the economy to be scrutinized after an important manufacturing
A worker moves a Venice model roadster vehicle at the Vanderhall Motor Works manufacturing facility in Provo, Utah, Sept. 25, 2018. George Frey | Bloomberg | Getty Images The U.S. manufacturing sector activities rebounded slightly in September, according to IHS Markit. The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index hit 51.1 in
Chinese President Xi Jinping Denis Balibouse | Reuters BEIJING — Chinese President Xi Jinping said Tuesday in a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule that no force could sway China‘s development. “There is no force that can shake the foundation of this great nation,” Xi said in Mandarin, according to
Dow Jones Industrial Average rises 96 points The Dow rose 96.58 points, or 0.4% to close at 26,916.83. The S&P 500 gained 0.5% to end the day at 2,976.73. The Nasdaq Composite advanced 0.8% to 7,999.34. Monday’s moves came as investors monitored the latest developments around U.S.-China trade talks and wrapped up a volatile third
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrurrency exchange operators including Coinbase, Kraken and Circle have teamed up to create a system that rates digital tokens on how close they are to securities. The points-based rating system, unveiled by Coinbase in a blog
A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. Johannes Eisele | AFP | Getty Images Beijing called Washington’s potential restrictions on U.S. investments in China “the latest attempt at a decoupling,” in a Global Times piece published on Sunday.
Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday Friday: Alibaba, JD, Baidu — Shares of Chinese companies include Alibaba, JD.com and Baidu plunged as much as 6%
Chinese Vice Premier Liu He (L), Central Bank Governor Yi Gang (2nd L) and other Chinese vice ministers and senior officials sit down with Trump Administration officials for negotiations in the Diplomatic Room at the Eisenhower Executive Office Building January 30, 2019 in Washington, DC. Chip Somodevilla | Getty Images BEIJING — China’s top trade
Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters Here are the most important things to know about Monday before you hit the door. 1. Crazy quarter ends The third quarter winds down on Monday, concluding a volatile period of three months on Wall Street. The
Dow Jones Industrial Average falls 70 points The Dow fell 70.87 points, or 0.3%, to 26,820.25. The S&P 500 slid 0.5% to close at 2961.79. The Nasdaq Composite dropped 1.1% to 7939.63. The S&P 500 ended the week down 1%, its second straight weekly decline. Curbing investment in China U.S. equity markets reversed early gains
A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string of lackluster IPOs, and is intended to help companies gauge investor interest before officially going
U.S. Federal Reserve Board Chairwoman Janet Yellen Win McNamee | Getty Images WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday. The central bank kept the median estimate for long-term growth at 1.9% earlier this month. An expansion of 1.9% is
The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, the trade war with China, sluggishness in the global economy and the impeachment inquiry into
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left the bank earlier this year. BNY Mellon named CFO Thomas Gibbons as its interim CEO.
Passengers seen boarding a LATAM Airlines Airbus 320 at Puerto Maldonado airport also know as Padre Aldamiz International Airport. John Milner | LightRocket | Getty Images Check out the companies making headlines after the bell: LATAM Airlines shares skyrocketed more than 47% after the bell following a CNBC report that Delta Airlines is planning to
Dow Jones Industrial Average falls 79 points The Dow fell 79 points, or 0.29%, to 26,891.12. The S&P 500 slid 0.24% to close at 2,977.62. The Nasdaq Composite dropped 0.6% to 8,030.66. Thursday’s meandering came as investors grappled with worries over U.S.-China trade relations and the mounting pressure by Democrats to impeach President Donald Trump.
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth
People inside the new Beijing Daxing International Airport during its first day of operation in Beijing on September 25, 2019. AFP | Getty Images The Hartsfield-Jackson Atlanta International Airport is about to get some serious competition. It’s held the title of the world’s busiest airport in terms of passenger traffic since 1998 — but China’s
Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images The whole WeWork debacle, from the botched IPO to the removal this week of Adam Neumann as CEO,