Dow Recoils: Only a New US-China Trade Deal Will End This Misery

2019-3-28 17:54

By CCN. com: With overseas profits of U. S. companies in decline due to tax changes, a drop in consumer confidence in March, and some Federal Reserve officials showing reluctance towards a cut in its benchmark interest rate, the Dow Jones was expected to open gloomily.

Dow Plunges 140 Points Despite Early Surge Within minutes of its opening, the Dow Jones jumped by 0. 34 percent, bringing its cumulative two-day rally to nearly 400 points. However, it immediately retraced, falling back to 25,632, only to whipsaw back and forth across its previous close. By 12:28 pm ET, the Dow had plunged 140. 18 points

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Dow Stuck in No Man’s Land as Trump Scrambles to Strike China Trade Deal

The Dow and broader U. S. stock market trended lower on Wednesday, as President Donald Trump set his sights on a comprehensive trade agreement with China. At this stage, a China trade deal is the only thing that can help save the current two-month rally for stocks Dow Trades Lower; S&P 500 and Nasdaq Follow Wall Street’s major indexes opened slightly higher on Wednesday but quickly reversed course, mirroring a choppy trading session for Dow futures.

2019-3-6 19:47