Dow Frantically Searches for Silver Lining After China Shocks White House

2019-5-10 23:02

By CCN: The Dow and broader U. S. stock market frantically searched for a silver lining Thursday after China threatened harsh retaliation in response to a sizable tariff increase by the White House that could be implemented in the next 24 hours.

Dow, S&P 500 Extend Brutal Slide All of Wall Street’s major indexes declined sharply through the morning session, reflecting a brutal pre-market for Dow futures. The Dow Jones Industrial Average fell by as much as 450 points before paring losses. It closed down 138. 97 points, or 0. 5%, at 25,828. 36. The broad S&P 500 Index of large-cap stocks declined 0. 3%

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Is Kudlow Shorting the Dow? Stock Market Plunges as Top Trump Adviser Says US & China ‘Miles’ Apart on Trade

The Dow’s mid-week sell-off took an even steeper turn on Thursday after White House economic adviser Larry Kudlow broke from the Trump administration talking point that the United States and China are close to reaching an agreement to end the trade war before new tariffs kick in at the beginning of March.

2019-2-7 20:56