The Dow Jones surged as traders shrugged off a huge miss in hourly wages and a lower than expected non-farm payrolls number. US President Donald Trump made positive noises about a trade deal with China, reinforced by chief economic adviser Larry Kudlow, while Fed Chairman Jerome Powell helped push the Dow higher late in the […]
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By CCN. com: On Thursday, White House economic advisor Larry Kudlow made the alarming revelation that the U. S. could extend trade talks with China by weeks or even months, which could intensify geopolitical risks in the global economy and fuel the weakening momentum of the Dow Jones.
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.
The Dow Jones struggled on Tuesday as Monday's huge rally slowed amid risks of a setback as states reopen without a coronavirus vaccine.
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Investors are way too bearish on the stock market which is a screaming contrarian indicator. Stocks could be about to make another move up.
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Stocks rallied yesterday on Moderna's Covid-19 vaccine trial breakthrough, but health experts say it won't arrive in time to prevent a second wave of the virus.
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The Dow Jones soared nearly 1,000 points on coronavirus vaccine news that Donald Trump gushed was "staggeringly good."
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Significant overvaluation and fears of a second-wave of coronavirus are making investors nervous about the stock market.
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The Dow Jones took a hit on Friday as retail sales showed just how weak consumer spending has gotten in the United States.
The post Dow Sputters as Devastating Data Crushes Economic Optimism appeared first on CCN.com