Stocks making the biggest moves premarket: JP Morgan, Goldman Sachs, BlackRock & more

Check out the companies making headlines before the bell:JPMorgan Chase – The bank reported quarterly profit of $2.68 per share, 23 cents a share above estimates. BlackRock – The asset management firm beat estimates by 19 cents a share, with quarterly profit of $7.15 per share. Goldman Sachs – Goldman reported quarterly profit of $4.79 per share, 2 cents a share below estimates. UnitedHealth – UnitedHealth reported adjusted quarterly profit of $3.88 per share, beating consensus by 13 cents a sha


Check out the companies making headlines before the bell:JPMorgan Chase – The bank reported quarterly profit of $2.68 per share, 23 cents a share above estimates. BlackRock – The asset management firm beat estimates by 19 cents a share, with quarterly profit of $7.15 per share. Goldman Sachs – Goldman reported quarterly profit of $4.79 per share, 2 cents a share below estimates. UnitedHealth – UnitedHealth reported adjusted quarterly profit of $3.88 per share, beating consensus by 13 cents a sha
Stocks making the biggest moves premarket: JP Morgan, Goldman Sachs, BlackRock & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, goldman, blackrock, morgan, revenue, service, estimates, sachs, stocks, premarket, moves, biggest, quarterly, cents, share, profit, southwest, street, making, retailer


Stocks making the biggest moves premarket: JP Morgan, Goldman Sachs, BlackRock & more

Check out the companies making headlines before the bell:

JPMorgan Chase – The bank reported quarterly profit of $2.68 per share, 23 cents a share above estimates. Revenue also beat Wall Street forecasts, helped by growth in home loans, auto loans, and credit cards.

BlackRock – The asset management firm beat estimates by 19 cents a share, with quarterly profit of $7.15 per share. Revenue came in essentially in line with analyst forecasts. Profit dropped from a year ago, however, as investors shifted money to fixed-income funds and other less profitable accounts.

Johnson & Johnson – The medical device and consumer products maker earned an adjusted $2.12 per share for the third quarter, compared to a consensus estimate of $2.01. Revenue also beat estimates, helped by growth in pharmaceuticals and medical devices.

Goldman Sachs – Goldman reported quarterly profit of $4.79 per share, 2 cents a share below estimates. Revenue was essentially in line with expectations.

UnitedHealth – UnitedHealth reported adjusted quarterly profit of $3.88 per share, beating consensus by 13 cents a share. Revenue came in above forecasts, as well. The company saw higher revenue in both its core health insurance business, as well as its pharmacy benefits management unit. The company also raised its full-year forecast.

Walmart – The retailer has begun its “InHome” service that deliveries groceries directly into a customer’s home refrigerator. The service, which was first announced in June, will start in 3 areas – Kansas City, Pittsburgh, and Vero Beach, Florida.

Southwest Airlines – Southwest pilots are predicting that Boeing’s 737 Max jet won’t return to service until February. Boeing is still targeting a fourth-quarter return, and Southwest – along with United and American – are estimating that the jet will be back in the skies in January. Southwest is the biggest domestic user of the 737 Max jet.

Hilton Grand Vacations – The stock remains on watch after surging yesterday on a Bloomberg report that Apollo Global is offering $40 per share to buy the vacation time-share company.

General Motors – GM and the United Auto Workers union continue to negotiate, with a strike in its fifth week. The UAW has called a Thursday meeting of union leaders from around the nation to update them on the status of the talks.

Deere – Deere is spending billions to ramp up its leasing program, according to The Wall Street Journal, in an effort to combat declining demand for farm tractors and construction equipment.

Bloomin’ Brands – The restaurant chain operator was downgraded to “hold” from “buy” at Deutsche Bank, which is cutting its third-quarter comparable sales estimate for the Outback Steakhouse parent to a 0.6% increase from 1.1%. Deutsche Bank is also becoming more conservative on comparable sales estimates for next year, as well.

Bed Bath & Beyond – Bed Bath & Beyond was upgraded to “overweight” from “sector weight” at KeyBanc, which points to a favorable near-term outlook for the housewares retailer as well as expected improvements in merchandising and operations under a new CEO.

Lowe’s – Lowe’s was upgraded to “overweight” from “neutral” at Piper Jaffray, citing an expected improvement in fundamentals for the home improvement retailer even as Street expectations remain modest.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, goldman, blackrock, morgan, revenue, service, estimates, sachs, stocks, premarket, moves, biggest, quarterly, cents, share, profit, southwest, street, making, retailer


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Citigroup earnings beat on better-than-expected trading results

Here’s how the bank fared compared to Wall Street expectations:Earnings: $1.97 per share vs $1.95 per share expected by Refinitiv. $1.97 per share vs $1.95 per share expected by Refinitiv. $18.6 billion vs $18.545 billion forecast. Fixed-income, currency and commodities trading revenue: $3.211 billion vs $3.09 billion expected by StreetAccount. $3.211 billion vs $3.09 billion expected by StreetAccount.


Here’s how the bank fared compared to Wall Street expectations:Earnings: $1.97 per share vs $1.95 per share expected by Refinitiv. $1.97 per share vs $1.95 per share expected by Refinitiv. $18.6 billion vs $18.545 billion forecast. Fixed-income, currency and commodities trading revenue: $3.211 billion vs $3.09 billion expected by StreetAccount. $3.211 billion vs $3.09 billion expected by StreetAccount.
Citigroup earnings beat on better-than-expected trading results Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: fred imbert, hugh son
Keywords: news, cnbc, companies, quarter, shares, expected, morgan, beat, revenue, net, betterthanexpected, results, billion, share, interest, earnings, trading, citigroup


Citigroup earnings beat on better-than-expected trading results

Citigroup on Tuesday reported third-quarter earnings and revenue that topped projections as stronger-than-expected trading results made up for weaker lending margins.

Here’s how the bank fared compared to Wall Street expectations:

Earnings: $1.97 per share vs $1.95 per share expected by Refinitiv.

$1.97 per share vs $1.95 per share expected by Refinitiv. Revenue: $18.6 billion vs $18.545 billion forecast.

$18.6 billion vs $18.545 billion forecast. Fixed-income, currency and commodities trading revenue: $3.211 billion vs $3.09 billion expected by StreetAccount.

$3.211 billion vs $3.09 billion expected by StreetAccount. Net interest margin: 2.56% vs 2.66% forecast.

2.56% vs 2.66% forecast. Net interest income: $11.64 billion vs $12.15 billion expected.

Citigroup’s earnings of $1.97 per share excludes a tax benefit of 10 cents per share.

The bank’s revenues from its fixed-income, currency and commodities trading division got a boost from higher rates during the quarter as well as “improved activity” with corporate and investor clients, Citigroup said.

CEO Michael Corbat also touted the strength of the U.S. consumer, noting branded-cards revenue expanded by 11% in North America during the third quarter.

“Despite an unpredictable environment throughout the quarter, we continue to deliver on our strategy of improving shareholder returns through consistent, client-led growth while also executing against our capital plan,” Corbat said in a statement.

However, the company’s lending business posted weaker-than-forecast results, with net interest income coming in at $11.64 billion. Analysts polled by StreetAccount expected net interest income of $12.15 billion. Net interest margin, meanwhile, came in at 2.56% for the quarter. That’s below a 2.66% forecast.

The bank’s stock fell 2% in early trading.

Citigroup shares lagged those of peers such as J.P. Morgan Chase, Goldman Sachs and Wells Fargo in the third quarter. The bank’s stock fell 1.4% last quarter while J.P. Morgan Chase and Goldman rose 5.3% and 1.3%, respectively. Wells Fargo, meanwhile, rose 6.6% in that time.

J.P. Morgan Chase and Goldman reported earlier in the day. J.P. Morgan’s results topped expectations, with its quarterly revenue reaching a record. Shares of J.P. Morgan rose 1.3%. Goldman shares slid 3% after the company posted a disappointing profit for the third quarter.

Bank shares were taken for a ride in the third quarter amid wild swings in Treasury yields. The 10-year yield fell to around 1.46% from 2% between late July and early September. This move briefly pushed financials, including the major banks, into correction territory. The yield later recovered, lifting the sector out of its correction.

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Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: fred imbert, hugh son
Keywords: news, cnbc, companies, quarter, shares, expected, morgan, beat, revenue, net, betterthanexpected, results, billion, share, interest, earnings, trading, citigroup


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China wants another round of talks before signing phase one of the trade deal, source says

China wants another round of talks before signing what President Donald Trump called last week the first phase of a trade deal between the two nations, a source told CNBC’s Kayla Tausche on Monday. It is not clear whether the additional trade talks would take place in Washington or Beijing, but a Chinese delegation led by Vice Premier Liu He could be sent before month’s end to iron out phase one of the trade deal. China and the U.S. held trade talks in Washington last week that ended with Trump


China wants another round of talks before signing what President Donald Trump called last week the first phase of a trade deal between the two nations, a source told CNBC’s Kayla Tausche on Monday. It is not clear whether the additional trade talks would take place in Washington or Beijing, but a Chinese delegation led by Vice Premier Liu He could be sent before month’s end to iron out phase one of the trade deal. China and the U.S. held trade talks in Washington last week that ended with Trump
China wants another round of talks before signing phase one of the trade deal, source says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, china, washington, tausche, deal, wants, source, talks, round, trump, signing, week, trade, phase


China wants another round of talks before signing phase one of the trade deal, source says

China wants another round of talks before signing what President Donald Trump called last week the first phase of a trade deal between the two nations, a source told CNBC’s Kayla Tausche on Monday.

It is not clear whether the additional trade talks would take place in Washington or Beijing, but a Chinese delegation led by Vice Premier Liu He could be sent before month’s end to iron out phase one of the trade deal.

Bloomberg News first reported the news and said in its report that China also wants the U.S. to scrap a tariff hike scheduled for December.

China and the U.S. held trade talks in Washington last week that ended with Trump saying both sides reached a “very substantial phase one deal.” As part of that deal, China will address intellectual property concerns raised by the U.S. and buy $40 billion to $50 billion worth of U.S. agricultural products. In exchange, the U.S. agreed to hold off on a tariff hike set for this week.

But while Trump characterized the talks’ outcome as a success, Chinese state media said “substantial progress” was made. Also, it did not call phase one a “deal” while making little mention of the agricultural product purchases.

At this point, another round of in-person negotiations is “likely” given the number of variables encompassing phase one of the trade deal, Tausche reports.

—CNBC’s Eunice Yoon contributed to this report.

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Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, china, washington, tausche, deal, wants, source, talks, round, trump, signing, week, trade, phase


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Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more

Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos. AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June. Pl


Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos. AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June. Pl
Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, kohls, premarket, announced, lyft, firm, unit, stocks, fitness, boeing, upgraded, nike, making, week, facebook, workers, city, stock, billion


Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl's, GM & more

Check out the companies making headlines before the bell:

Boeing – Chief Executive Officer Dennis Muilenburg was stripped of his chairman’s title, in a move the company said was designed to allow Muilenburg to focus on returning the grounded 737 Max jet to service.

Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. PayPal, eBay, and Stripe previously announced they would no longer participate in Libra.

Nike – The stock was upgraded to “neutral” from “underperform” at Bank of America/Merrill Lynch, The firm said new sportswear apparel and growth of sub-$100 footwear is helping offset challenges of the past few years including a more competitive marketplace.

ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos.

Lyft, Uber – The ride-hailing services are suing New York City over a new rule that limits the time its drivers are allowed to cruise in Manhattan without passengers.

General Motors – GM and the United Auto Workers Union are still trying to reach an agreement on a new contract as a strike enters its fifth week. The union said it will boost strike pay for 48,000 hourly workers by $25 per week to $275 as the walkout continues.

PG&E – PG&E rejected an offer by the city of San Francisco to buy its power lines and other infrastructure within the city for $2.5 billion. The bankrupt utility said the offer undervalues its assets.

Kohl’s – Kohl’s named Executive Vice President Jill Tim as its new chief financial officer. She will succeed Bruce Besanko, who will step down from that role at the retailer on Nov. 1.

Blackstone – Blackstone has held talks about buying a stake in Ken Griffin’s Citadel, according to The Wall Street Journal. The private-equity firm is said to have considered investing in both Citadel’s hedge fund operations as well as in its securities trading unit.

AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June.

Toll Brothers – The home builder’s stock was downgraded to “neutral” from “positive” at Susquehanna Financial in a valuation call, following outperformance since the beginning of the year. With that gain, Susquehanna said Toll Brothers shares are now at their historical average forward price-to-earnings ratio.

Planet Fitness – Imperial Capital upgraded the fitness center operator to “outperform” from “in-line,” calling Planet Fitness a “best in class” fitness operator and a premium consumer growth stock.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, kohls, premarket, announced, lyft, firm, unit, stocks, fitness, boeing, upgraded, nike, making, week, facebook, workers, city, stock, billion


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Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of ‘thumb-sucking’

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with Warren Buffett. Berkshire Hathaway shares have lagged the S&P 500 over the current bull run, which started March 2009. “Thumb-sucking has not cut the


Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with Warren Buffett. Berkshire Hathaway shares have lagged the S&P 500 over the current bull run, which started March 2009. “Thumb-sucking has not cut the
Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of ‘thumb-sucking’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, warren, stake, berkshire, shareholders, longtime, thumbsucking, rolfe, letter, shareholder, accusing, wedgewood, buffett, bull, cash, sells, hathaway


Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of 'thumb-sucking'

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019.

David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with Warren Buffett.

Rolfe told clients in a letter he sold the firm’s stake in Berkshire after decades of being shareholders, noting his frustration with the conglomerate’s massive cash hoard, lackluster investments and what he thinks are missed investment opportunities by the Oracle of Omaha and his team during the current bull market.

Berkshire Hathaway shares have lagged the S&P 500 over the current bull run, which started March 2009. In that time, Berkshire’s Class A stock is up 323% while the broad index has gained 334%.

“Thumb-sucking has not cut the Heinz mustard during the Great Bull Market,” Rolfe wrote in the third-quarter letter to clients. “The Great Bull could have been one helluva of an astounding career denouement for Messrs. Buffett and [Vice Chairman Charlie] Munger.”

Not that Buffett will miss Rolfe much, the RiverPark/Wedgewood Fund owned 48,000 shares of the Berkshire B class of stock, amounting to about $10 million. And Rolfe’s performance throughout the bull market has not been the best, either. His fund’s annualized returns, net of fees, are 13.6% over the past 10 years through the second quarter, according to a factsheet found in the Wedgewood Partners website. In that time, the S&P 500 has posted an annualized return of 14.7%.

Berkshire’s cash pile swelled up to more than $120 billion by the end of the second quarter of 2019, a record for the company. In his annual letter to shareholders, Buffet said he wanted to make an “elephant-sized acquisition” but noted prices were “sky-high.” Rolfe thinks so much cash is a “considerable impediment of growth” for the company.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, warren, stake, berkshire, shareholders, longtime, thumbsucking, rolfe, letter, shareholder, accusing, wedgewood, buffett, bull, cash, sells, hathaway


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Here’s what happened to the stock market on Monday

Dow Jones Industrial Average falls 29 pointsThe Dow fell 29.23 points, or 0.11% to close at 26,787.36. Trade deal or no deal? This tempered the market’s enthusiasm after President Donald Trump said Friday that both sides had reached a “very substantial phase one deal.” Adding to the trade-related concerns was Treasury Secretary Steven Mnuchin saying the deal was still “subject to documentation.” He also said a December tariff hike on Chinese products would go through if a deal is not reached.


Dow Jones Industrial Average falls 29 pointsThe Dow fell 29.23 points, or 0.11% to close at 26,787.36. Trade deal or no deal? This tempered the market’s enthusiasm after President Donald Trump said Friday that both sides had reached a “very substantial phase one deal.” Adding to the trade-related concerns was Treasury Secretary Steven Mnuchin saying the deal was still “subject to documentation.” He also said a December tariff hike on Chinese products would go through if a deal is not reached.
Here’s what happened to the stock market on Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, valuation, happened, upgradeshares, market, wants, worries, heres, upgraded, underperform, trump, deal, phase, stock, dow


Here's what happened to the stock market on Monday

Dow Jones Industrial Average falls 29 points

The Dow fell 29.23 points, or 0.11% to close at 26,787.36. The S&P 500 slipped 0.14% to 2,966.15. The Nasdaq Composite pulled back 0.10% to 8,048.65. The indexes traded in a tight range throughout the session as investors looked ahead to the start of the earnings season while grappling with new worries over trade.

Trade deal or no deal?

A source told CNBC that China wants to have additional talks with the U.S. before signing the first phase of a potential trade deal with the U.S. Bloomberg News first reported the news. This tempered the market’s enthusiasm after President Donald Trump said Friday that both sides had reached a “very substantial phase one deal.” Adding to the trade-related concerns was Treasury Secretary Steven Mnuchin saying the deal was still “subject to documentation.” He also said a December tariff hike on Chinese products would go through if a deal is not reached.

HPE gets boost from upgrade

Shares of Hewlett Packard Enterprise rose more than 4% after an analyst at Evercore ISI upgraded them to in line from underperform, citing an attractive valuation and good cash flow, among other positive catalysts.

What happens next?


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: fred imbert
Keywords: news, cnbc, companies, valuation, happened, upgradeshares, market, wants, worries, heres, upgraded, underperform, trump, deal, phase, stock, dow


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Trump says the Fed should cut rates anyway even though US and China have agreed to trade deal

President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal. “The Federal Reserve should cut rates regardless of how good this is,” Trump said in the Oval Office. “We have a great economy, but we have a Federal Reserve that’s not in step with the rest of the world.” U.S. economic growth has been slowing this year with many economists citing the trade war with China. The Fed had said that growth c


President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal. “The Federal Reserve should cut rates regardless of how good this is,” Trump said in the Oval Office. “We have a great economy, but we have a Federal Reserve that’s not in step with the rest of the world.” U.S. economic growth has been slowing this year with many economists citing the trade war with China. The Fed had said that growth c
Trump says the Fed should cut rates anyway even though US and China have agreed to trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: fred imbert
Keywords: news, cnbc, companies, agreed, war, fed, cut, china, trump, reserve, phase, federal, end, trade, rates, deal


Trump says the Fed should cut rates anyway even though US and China have agreed to trade deal

US President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019.

President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal.

“The Federal Reserve should cut rates regardless of how good this is,” Trump said in the Oval Office. “We have a great economy, but we have a Federal Reserve that’s not in step with the rest of the world.”

“I think they ought to get in step,” he said.

The U.S. central bank has already cut rates twice this year in part because of weakness in the global economy, which has arisen due to the ongoing trade war. On Friday, however, the two sides announced strides to end the trade war.

Trump announced the first phase of a trade deal that will bring Chinese agricultural purchases to a range of $40 billion to $50 billion. That phase also includes agreements by both nations on intellectual property, Trump said, as well as accords on foreign exchange issues. In exchange, the U.S. agreed to hold off on tariff increases scheduled for next week. Trump also said that phase two of the deal will come soon after the terms of the first one is signed.

The Fed is scheduled to meet at the end of the month, with investors largely expecting a rate cut. Market expectations for lower interest rates by the end of October were at 74.3%, according to the CME Group’s FedWatch tool.

U.S. economic growth has been slowing this year with many economists citing the trade war with China. The Fed expects GDP for 2019 to come in at 2.2%, down from 2.9% in 2018. The Fed had said that growth could be worse if the trade war continued.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: fred imbert
Keywords: news, cnbc, companies, agreed, war, fed, cut, china, trump, reserve, phase, federal, end, trade, rates, deal


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Here’s what happened to the stock market on Friday

The major indexes rallied to end the week as the Trump administration struck what it called a “substantial” trade deal with China. President Donald Trump said China and the U.S. agreed to the first phase of a broader trade deal. Stocks hit their session highs on that comment, with the Dow briefly rallying more than 500 points. As part of this first phase, China will buy between $40 billion and $50 billion worth of U.S. agricultural products. In exchange, the U.S. agreed to hold off on tariff hik


The major indexes rallied to end the week as the Trump administration struck what it called a “substantial” trade deal with China. President Donald Trump said China and the U.S. agreed to the first phase of a broader trade deal. Stocks hit their session highs on that comment, with the Dow briefly rallying more than 500 points. As part of this first phase, China will buy between $40 billion and $50 billion worth of U.S. agricultural products. In exchange, the U.S. agreed to hold off on tariff hik
Here’s what happened to the stock market on Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: fred imbert
Keywords: news, cnbc, companies, market, set, china, phase, trump, indexes, close, trade, highs, heres, dow, deal, happened, stock


Here's what happened to the stock market on Friday

The Dow jumped 319.92 points, or 1.21% to 26,816.59. The S&P 500 gained 1.09% to close at 2,970.27. The Nasdaq Composite advanced 1.34% to 8,057.04. The major indexes rallied to end the week as the Trump administration struck what it called a “substantial” trade deal with China.

President Donald Trump said China and the U.S. agreed to the first phase of a broader trade deal. He said the terms of that phase will be written over the next three weeks. Stocks hit their session highs on that comment, with the Dow briefly rallying more than 500 points.

As part of this first phase, China will buy between $40 billion and $50 billion worth of U.S. agricultural products. Trump also said the deal includes agreements on foreign-exchange issues with China. In exchange, the U.S. agreed to hold off on tariff hikes that were set to take effect Tuesday. However, the indexes fell from their highs before the close after U.S. Trade Representative Robert Lighthizer said a decision had not been made over additional tariffs set for December.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: fred imbert
Keywords: news, cnbc, companies, market, set, china, phase, trump, indexes, close, trade, highs, heres, dow, deal, happened, stock


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It’s been a crazy day for US-China trade news — here’s what we know

Investors’ heads are spinning because of a slew of conflicting headlines related to the U.S.-China trade talks. Dow Jones Industrial Average futures dropped more than 300 points overnight at one point. Stocks jumped Thursday morning after President Donald Trump said in a tweet: “Big day of negotiations with China. The sharp moves came as Wall Street braced for the latest round of U.S.-China trade talks, which were set to begin Thursday. What set off the volatile swings overnight was a report say


Investors’ heads are spinning because of a slew of conflicting headlines related to the U.S.-China trade talks. Dow Jones Industrial Average futures dropped more than 300 points overnight at one point. Stocks jumped Thursday morning after President Donald Trump said in a tweet: “Big day of negotiations with China. The sharp moves came as Wall Street braced for the latest round of U.S.-China trade talks, which were set to begin Thursday. What set off the volatile swings overnight was a report say
It’s been a crazy day for US-China trade news — here’s what we know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, volatile, wall, trade, vice, day, white, set, uschina, negotiations, heres, morning, overnight, crazy, know


It's been a crazy day for US-China trade news — here's what we know

Investors’ heads are spinning because of a slew of conflicting headlines related to the U.S.-China trade talks.

Dow Jones Industrial Average futures dropped more than 300 points overnight at one point. By Thursday morning, however, the Dow was up more than 150 points.

Stocks jumped Thursday morning after President Donald Trump said in a tweet: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.”

The sharp moves came as Wall Street braced for the latest round of U.S.-China trade talks, which were set to begin Thursday. What set off the volatile swings overnight was a report saying the much-anticipated negotiations might end earlier than expected.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, volatile, wall, trade, vice, day, white, set, uschina, negotiations, heres, morning, overnight, crazy, know


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Stocks making the biggest moves midday: Bed Bath & Beyond, Cisco Systems, Morgan Stanley & more

These stocks are the trade talk ‘tells’ with prices to move firstFor investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made. Marketsread more


These stocks are the trade talk ‘tells’ with prices to move firstFor investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made. Marketsread more
Stocks making the biggest moves midday: Bed Bath & Beyond, Cisco Systems, Morgan Stanley & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, midday, watch, progress, tell, cisco, prices, bed, reading, morgan, stocks, talk, stanley, tea, systems, tells, biggest, moves, trade, making


Stocks making the biggest moves midday: Bed Bath & Beyond, Cisco Systems, Morgan Stanley & more

These stocks are the trade talk ‘tells’ with prices to move first

For investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, midday, watch, progress, tell, cisco, prices, bed, reading, morgan, stocks, talk, stanley, tea, systems, tells, biggest, moves, trade, making


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