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
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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
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
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade
A facebook crypto currency Libra logo seen displayed on a smartphone. SOPA Images | LightRocket | Getty Images Facebook’s plan to create a digital currency comes with one major flaw, according to an executive at blockchain start-up Ripple. Marcus Treacher, Ripple’s senior vice president of customer success, told CNBC earlier this week that a big
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
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of KB Home. Karen Finerman was a buyer of Home Depot. Dan Nathan was a seller of the Financials ETF. Guy Adami was a buyer of IBM. Disclosure Trader disclosure: Pete is long calls ALLY, AMD, ASHR, BP,
European stocks are set to open slightly higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE is seen rising 4 points to 7,287, Germany’s DAX up by 9 points at 12,239, and France’s CAC up 8 points
Striking United Auto Workers (UAW) walk the picket line in Hamtramck, Michigan, September 25, 2019. Rebecca Cook | Reuters Check out the companies making headlines after the bell: General Motors shares jumped 1.8% after the bell following a CNBC report that the automaker and United Auto Workers union are nearing a tentative agreement that could