Stocks slightly declined Tuesday after the first reported case in the U.S. of a dangerous pneumonialike virus that originated in central China. The Dow Jones index was also weighed down by a slide in shares of Boeing, which dropped 3.3%. The aerospace giant said it expects its 737 MAX jet will be grounded through mid-2020, following last year’s fatal crashes.
The major indexes continued to rise despite the fact that the job openings fell 10.8% in November from a year earlier to 6.8 million, the Labor Department said Friday. November’s job openings decline could be a sign of weakening employer demand that could restrain job growth in 2020.
U.S. stocks closed at fresh highs Thursday as investors shifted to examining corporate earnings for hints about the economy. Morgan Stanley gained 6.6% after posting strong results and lifting its financial targets. Also, economic reports showed US retail sales rose at a steady pace to close out the holiday shopping season, while weekly unemployment claims fall.
U.S. stocks rose to new highs as President Trump signed an initial trade pact with China, halting a two-year trade dispute between the world’s two largest economies. The S&P500 continued moving higher in after hour reaching 3300 for the first time ever.
U.S. stocks posted a mixed finish Tuesday as doubts about the extent of import tariff reductions in a trade deal with China saw equities retreat from the intraday highs for the benchmark indexes.
The S&P 500 clinched another record Monday as geopolitical tensions remained in check and investors looked ahead to the start of earnings season. As the new earnings season kicks in, it would be important to observe market reaction to the financial stocks’ earning reports this and next week.
US stocks fell on Friday as Labor Department data showed job growth slowed at the end of 2019, while the unemployment rate remained at a 50-year low. Is this a start of a new trend down or merely end of the week’s profit taking?
All of the major indices made new all time highs today on the back of the reassuring signs that trade negotiations remain on track. China said its top trade negotiator, Vice Premier Liu He, will travel to Washington next week to sign a phase-one accord, the first official confirmation by Beijing on the truce’s signing.
U.S. stocks rose Wednesday, extending gains after remarks from Iranian officials and President Trump suggested both countries were hoping to de-escalate tensions in the Middle East. Tehran’s military response to the U.S.’s killing of a key Iranian general rattled markets overnight. But in the hours that followed, an initial selloff in stocks eased as investors reassessed the chances of a broader conflict.
U.S. stock benchmarks ended slightly lower Tuesday, as concerns about the possibility of war in the Middle East overshadowed favorable U.S. economic data. Iranian officials on Tuesday issued fiery calls for attacks on U.S. targets in retaliation for the targeted killing of Iranian General Qassem Soleimani in Iraq last week.