Stock Market Today: May 20, 2019
Equities opened sharply lower this morning, recovered some ground in the early afternoon, but weakened again in the final hours of the day. Once again, traders worried about deteriorating trade relations between the United States and China. More recently, the U.S. government ordered a ban on technology sales to Huawei, a leading corporation based in China. The move did not sit well with Wall Street, and likely ignited fears of a larger global slowdown. At the close of trading, the Dow Jones Industrial Average was down about 84 points; the broader S&P 500 Index was off 19 points; and the NASDAQ was lower by 114 points. Read more
Stock Market Today: May 17, 2019
Stocks fell on Friday as discouraging news on international trade weighed on sentiment at the opening bell. Word that talks between the United States and China had broken down was not what investors wanted to hear. The hope in recent days had been that a long-awaited deal between the world’s two largest economies might yet be fashioned in the coming weeks. But the two sides instead have reached an impasse. Read more
Stock Market Today: May 16, 2019
The market started trading higher today, as solid earnings reports out of Dow components Cisco Systems and Walmart helped improve market sentiment. At the open, the composites started to rise considerably, and the Dow Jones Industrial Average gained as many as 230 points in the early portion of the session. Meantime, the S&P 500 was up by 40 points at its apex. However, the major market averages gave back a notable portion of the day’s gains during the afternoon. All told, the Dow closed the day up 215 points, the S&P 500 finished higher by 25 points, and the NASDAQ gained 76 points. Read more
Stock Market Today: May 15, 2019
The stock market opened lower this morning, but quickly reversed course and continued to move higher through much of the afternoon, before some last-minute selling. Investors may be getting used to the disappointing news that a trade deal between the U.S. and China has failed to materialize as hoped. Read more
Stock Market Today: May 14, 2019
The stock market opened higher, as sentiment increased that a trade deal with China would be completed at some point. This caused the markets to trend in an upward fashion throughout the first portion of the session. In fact, the Dow Jones Industrial Average rose by around 340 points by noon, while the S&P 500 and NASDAQ were also along for the ride. In the afternoon, the trend moved from upward to sideways, though new highs for the session were made in the course of trading. Still, the composites tapered off in the final portion of the session. All told, the Dow gained 207 points, the S&P 500 finished higher by 23 points, and the NASDAQ was up 87 points. Read more
Stock Market Today: May 13, 2019
The stock market opened dramatically lower this morning, and was unable to meaningfully reverse direction in the afternoon. In fact, few bargain hunters seemed willing to step in and support stocks, suggesting sentiment has turned cautious. Clearly, investors have become worried that trade relations between the U.S. and China are rapidly eroding. At the end of trading today, the major averages were deep in negative territory. The Dow Jones Industrial Average was down roughly 617 points; the S&P 500 Index was off 70 points; and the NASDAQ was lower by 270 points. Read more
Stock Market Today: May 10, 2019
Stocks were volatile on Friday, even by recent standards, as concerns continued regarding the state of trade relations between the United States and China. Investors were initially unnerved by another round of tariffs slapped on goods from China by the White House. That caused the Dow Jones Industrial Average to fall more than 350 points at one point. But Treasury Secretary Mnuchin’s comments that recent trade talks were “constructive” helped the market recover. At the close, the Dow was up 114 points; the S&P gained 11 points, and the NASDAQ inched ahead six points. Read more
Stock Market Today: May 9, 2019
The market opened the day lower, mainly in response to President Trump statement yesterday that “China broke the trade deal”. This hurt sentiment, as fears increased that a trade deal would not get done. After the initial fall, the markets traded choppily in a sideways direction for a spell. Sentiment then started to improve when President Trump stated that a deal was still possible, but tariffs were an “excellent” alternative. Investors took this to mean that a deal could still be achieved before tariffs are enacted tomorrow. This cut the deficits, nearly erasing all of the day’s losses. Still, the markets finished the day in the red, with the Dow closing lower by 139 points, the S&P 500 slipped nine points, and the NASDAQ fell 33 points. Read more
Stock Market Today: May 8, 2019
The stock market got off to a weak start this morning, reversed course at midday and through much of the afternoon, but sold off into the close. Equities have been quite volatile over the past couple of days, with investors monitoring the strained trade negotiations taking place between the United States and China. Needless to say, the path has been bumpy lately, with China showing some reluctance to move forward, and President Trump responding with threats of additional tariffs. Read more
Stock Market Today: May 7, 2019
The markets opened lower today, as fears about a potential trade war escalation with China rose back to the surface. This was exacerbated by a U.S. Trade official signaling that tariffs on goods from China are slated to rise to 25% from 10% starting this Friday. This impacted the prices of several industrial companies and sent the indices much lower in the early portion of the session. Indeed, the Dow Jones Industrial Average fell by more than 640 points at one point, and the S&P 500 was lower by almost 70 points. Overall, the indices moved aggressively down throughout the course of the session, though a small bounce back in the final portion of trading occurred. Overall, the Dow closed 473 points lower, the S&P 500 fell by 48 points, and the NASDAQ was off 160 points. 
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