U.S. markets showed strength to start Friday’s action as low level trade talks with China resumed in hopes of setting a bigger stage for negotiations in October. However, comments from President Trump saying he's not looking for a partial deal, he's looking for a complete deal, and that China buying agriculture products would not be enough to get a trade deal done, halted momentum and push...
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The Dow Jones Industrial Average and other major indexes closed near session lows in the stock market today as China trade war fears again took center stage. The Dow Jones industrials dropped 0.6%, the S&P 500 lost 0.5% and the Nasdaq tumbled 0.8%. Small caps tracked by the Russell 2000 held up much better, edging 0.1% lower. Preliminary data showed sharply higher volume on the NYSE and...
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The S&P is just shy of a new high. The issue is whether investors will be willing to push the markets into new high territory now that the Fed has indicated it will wait and see how the economy performs before cutting rates again.With the Fed finished, what’s next for the markets? What gets us to sustainable new highs? “The elephant in the room is trade and tariffs and that will dictate...
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The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher.The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates had earlier this week shot up as high as 10%, threatening to...
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U.S. markets were choppy throughout Monday’s action following drone strikes on an oil facility in Saudi Arabia over the weekend. The attacks, which the U.S. has blamed on Iran, hit key Saudi facilities, disrupting 5% of the global daily oil production.Despite the heightened geopolitical risks and the spike in oil, the major indexes held near-term support levels with the small-caps showing...
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