The Dow closed just 66 points lower on Monday, recovering from a plunge of as much as 471 points
. The S&P 500 and Nasdaq also erased their sharp losses, ending just 0.5% lower.The comeback signals investors don't believe President Donald Trump's surprise threat to impose higher tariffs on China will spark a painful deepening of the trade war. Optimists are even hoping an historic trade deal will still be reached.
8% against the US dollar in offshore trading. Hong Kong's Hang Seng dropped almost 3%. The return of Tariff Man blindsides Wall Street"Shocking escalation — even on Trump standards," Chris Krueger, analyst at Cowen Washington Research Group, wrote in a note to clients on Sunday.On Sunday, Trump threatened on Twitter to increase tariff rates on $200 billion in imports from China to 25%, up from 10% currently. The president said the increase would take effect on Friday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Dow makes stunning comeback, recovering nearly all of 471-point plunge on hope trade deal not deadStocks staged a major comeback on Monday, with the Dow closing down about 67 points after falling as much as 471 points earlier today. The stunning turnaround came on hopes that the U.S.-China trade deal is not dead.
Lire la suite »
Dow industrials bounces after dipping below 50-day moving average at the openThe Dow Jones Industrial Average dipped very briefly below apparent technical support at the 50-day moving average (DMA) at the open, before bouncing back....
Lire la suite »
Trump's trade fight with China sends Dow plunging 350 pointsStocks slid on Monday in early trading after President Donald Trump threatened over Twitter to hike tariffs on Chinese imports.
Lire la suite »
Dow jumps 190 points after unemployment falls to lowest in half century, Amazon shares gainStocks rose on Friday following a stronger-than-expected April jobs report, with the Nasdaq up 1.58% to hit a record close. The Dow gained 195 points, while the S&P 500 rose nearly 1% for its biggest gain since April 1.
Lire la suite »
Dow plunges 450 points after Trump tweets on China trigger massive global selloffChinese officials reportedly pulled out of trade talks after Trump suddenly announced he would be more than doubling tariffs on most imported goods from China.
Lire la suite »
Stocks stage comeback as Dow rebounds more than 400 points off session lowU.S. stock-market benchmarks closed slightly lower on Monday, after surging sharply from a torrid selloff at the opening bell, as investors reassess flare-up...
Lire la suite »
Dow stages powerful U-turn as stock market reevaluates Trump's tariff threatsThe Dow Jones Industrial Average Monday afternoon was mounting a powerful rebound from steep early losses on reports that a delegation from China will indeed...
Lire la suite »
Dow, stocks pare losses in afternoon trading after Trump's trade threat to ChinaPresident Donald Trump's threats on Sunday to hike tariffs on Chinese imports initially worried investors that trade tensions between the two countries were escalating.
Lire la suite »
One 130-year-old Dow stock is having a record-making yearIt's been a record-making year for Procter & Gamble. At 26 all-time highs this year, that marks its most over the January-to-April period since at least 1972.
Lire la suite »
Dow briefly falls to roughly 3-week low in aftermath of Fed policy updateThe Dow Jones Industrial Average was trading solidly lower late-morning Thursday, with the blue-chip benchmark threatening to finish at its lowest level...
Lire la suite »
Dow drops more than 150 points after Fed's Powell dashes rate-cut hopesAfter a strong start to the trading day, the Dow dropped more than 160 points after Fed Chair Powell crushed hopes of lower rates. Real estate was the only sector to finish in the green.
Lire la suite »