Following three consecutive losing sessions in the stock market to begin this second full week of the month, Wall Street hit the Ides of March yesterday with some initial gains
, as the Dow Jones Industrial Average quickly raced out to a triple-digit advance. That early rise would briefly fade, but resume as the morning moved along. All the while, however, investors remained on edge
due to the lingering concerns about possible trade wars.
Though the major indexes were mostly mixed on Thursday, overall market breadth favored declining shares by a roughly two-to-one margin
. Softness was felt in nearly every market sector, with energy shedding the most aggregate value. Looming worries about a potential trade war remain a major influence over trading
, as the implementation of the White House’s steel and aluminum tariffs has mostly offset intermittent positive tailwinds (such as last week’s auspicious employment and wage growth update) in recent weeks.
experienced another tug of war on Wall Street
today as stocks swung
from a nice gain early to steep losses by late morning, and closed notably to the downside.
Equities lost considerable ground today
, with traders
becoming increasingly concerned
about the shifting political landscape in Washington
. Specifically, stocks opened higher
this morning, but quickly pulled back
and spent the remainder of the session slipping into negative territory
. At the end of trading, the Dow Jones Industrial Average was down almost 172 points; the broader S&P 500 Index was off 18 points; and the NASDAQ was lower by 77 points.
With fears of a trade war looming, the Dow Jones industrial Average and S&P 500 each spent most of Monday in negative territory
. The former was most impacted, as the blue chip index fell roughly 150 points lower at its nadir; the broad-based composite oscillated between either side of its breakeven line during the afternoon.
Propelled by the premarket release of a strong February jobs report, which revealed moderated inflation, U.S. equities wrapped up a modestly volatile week with a pronounced rally
. Each of the major indexes soared throughout the day, with the NASDAQ setting an intraday trading record. The Dow Jones Industrial Average and S&P 500 were similarly strong, as the former added more than 430 points at the close.
The stock market
, reeling from tariff worries
for much of last week, before getting a respite to start out the current five-day span, was back at its losing ways yesterday morning. And the reason again was fear about the suggested imposition of sharp increases in tariffs on steel and aluminum.
The major large-cap indexes struggled for most of Wednesday, as yesterday’s report that chief economic advisor Gary Cohn was leaving the White House set the stage for a broad-based selloff
that persisted through mid-afternoon. While there were pockets of optimism, specifically in the relatively insulated healthcare and technology sectors that would not be overly impacted by tariff implementation, most mid- and large-cap equities remained in the red by the ringing of the closing bell
. An upturn in smaller issues helped to keep market breadth even, as well as lift the Russell 2000 by about 14 points.
The U.S. equity markets
had a bit of a see-saw session
on the upside
. By the closing bell, the Dow Jones Industrials squeaked by with a nine-point gain; the broader S&P 500 Index was up by seven points; and the tech-heavy NASDAQ fared the best of the lot gaining 41 points, or just over half a percent.
got off to a soft start this morning, but managed to firm up nicely as the day unfolded.
At the end of trading, most of the major stock market averages were up over 1% for the session. Specifically, the Dow Jones Industrial Average was ahead roughly 337 points; the broader S&P 500 Index was up 30 points; and the NASDAQ was higher by 73 points. Market breadth was supportive
, with winners well ahead of losers on the NYSE.