Dow Jones Industrial Average falls 70 points The Dow fell 70.87 points, or 0.3%, to 26,820.25. The S&P 500 slid 0.5% to close at 2961.79. The Nasdaq Composite dropped 1.1% to 7939.63. The S&P 500 ended the week down 1%, its second straight weekly decline. Curbing investment in China U.S. equity markets reversed early gains
Finance
The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, the trade war with China, sluggishness in the global economy and the impeachment inquiry into
A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string of lackluster IPOs, and is intended to help companies gauge investor interest before officially going
U.S. Federal Reserve Board Chairwoman Janet Yellen Win McNamee | Getty Images WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday. The central bank kept the median estimate for long-term growth at 1.9% earlier this month. An expansion of 1.9% is
The Federal Reserve has used open market operations to soothe the short-term funding market, and now its temporary fix faces a test as the third quarter ends. The Fed has used overnight and 14-day market operations to stabilize the repo market, used by financial institutions to fund themselves on a short term basis. The Fed
Tourists view the Qiantang River Tide at Haining during the National Day holiday on Oct. 7, 2017 in Jiaxing, Zhejiang Province, China. Domestic travel destinations were popular among Chinese tourists during the Golden Week holiday this year. VCG | Getty Images BEIJING — The biggest spenders of China’s rising middle class may be the parents.
Ari Emmanuel Dan Steinberg | Invision | AP In a surprising move, Endeavor pulled its IPO just before it was set to price, signaling a possibly softer market for other initial offerings, after a disappointing debut by Peloton Interactive earlier Thursday. The difficult market environment for such high profile IPOs was seen as a negative
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth
European stocks are set to open slightly higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE is seen rising 4 points to 7,287, Germany’s DAX up by 9 points at 12,239, and France’s CAC up 8 points
Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images The whole WeWork debacle, from the botched IPO to the removal this week of Adam Neumann as CEO,
A Chinese national flag flies in front of a building under construction in the central business district of Beijing, China. Giulia Marchi | Bloomberg | Getty Images BEIJING — China‘s economic numbers in the last few months have disappointed expectations but the worst is not over — analysts are expecting third quarter data to come
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
If Democrats pursue an impeachment of President Donald Trump, it could rattle markets and create temporary uncertainty, but the GOP-led Senate may not go along with any effort to oust Trump or stop any of the president’s economic initiatives. House Speaker Nancy Pelosi told reporters she would have an announcement at 5 p.m. ET Tuesday,
Charles Li Xiaojia, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEx) attends OSC’s Money Talk Charity breakfast in Central. 15DEC15 (Photo by Paul Yeung/South China Morning Post via Getty Images) South China Morning Post | Getty Images Hong Kong Exchange and Clearing (HKEX) was “late” to making a takeover offer for the London
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing price after the real estate investment company announced it will offer 71 million shares of
Stocks have been grinding sideways, but once they breakout, the move to the upside could be powerful, technical analysts say. The S&P 500 has been edging closer to 3,028, its high from July 26, but it has backed off a number of times, creating a jagged seesaw pattern on August’s chart. On Monday, the S&P
Chesnot | Getty Images Intercontinental Exchange, the owner of the New York Stock Exchange, launched its bitcoin futures contracts late Sunday, in a move aimed at enticing investors who have hesitated about trading the cryptocurrency. The first trade in the new contracts was executed on ICE’s futures exchange at 8:02 p.m. ET at a price
The London Eye, the Big Ben clock tower and the City of London financial district are seen from the Broadway development site in central London, Britain, August 23, 2017. Hannah McKay | Reuters London has beaten New York in luring the largest amount of fundraising deals for financial technology companies so far in 2019, fresh
The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a preset course,” Clarida told Sara Eisen during an interview Friday on “Squawk on the Street.”
Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of