U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...
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The New York Federal Reserve Bank said Friday it will continue to inject billions into the US financial plumbing on a daily basis through November 4, extending the operations by three weeks.The effort, begun in mid-September, is aimed at preventing a spike in short-term interest rates, the New York Fed said in a statement.Rates spiked last month as banks struggled to find the cash needed to meet...
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Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington.The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August.Wall Street’s poor performance for the week comes after a disappointing U.S. manufacturing data...
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U.S. markets showed strength throughout Monday’s session after Treasury Secretary Steve Mnuchin denied a report over the weekend that the Trump administration was looking to restrict China's access to U.S. markets. This was the catalyst for Friday’s pullback that included chatter of delisting China stocks on U.S. indexes.White House adviser Peter Navarro also reiterated Mnuchin’s message...
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