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Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged

August 17, 2019 By: adminbackup

President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market tanked Wednesday.Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in its worst day of the year on Wednesday amid a...

Small-Caps Tap Fresh Low

August 15, 2019 By: adminbackup

U.S. markets showed continued weakness on Friday following the breakdown in trade talks with China and possible countermeasures if the U.S. was committed to putting more tariffs on Chinese goods. The overall pullback wrapped up the worst week of the year for the major indexes with mid-June support levels back in focus. Volatility also spiked to its highest level since early May but held a major...