All three major U.S. indices are on track to close in the red, following several record-days for the Nasdaq, as diminishing optimism regarding “phase one” of the U.S.-China trade weighs on stocks. With the first part of the deal likely being pushed back to next year, uncertainty regarding the mid-December tariffs remains as both sides […]
Indices are seeing mixed trading today as a China trade deal agreement hits a stall. A beleaguered Boeing Co. (BA) is seeing positive trading today after SunExpress ordered 10 737 Max8 aircraft, amounting to $1.2 billion. The HP/Xerox merger plan is in a stall today after Xerox’s $33.5 billion offer was rejected by Hewet Packard- […]
RoboStreet – November 14, 2019 China Deal or No Deal Scenario Stalls Rally The trade war with China and the hope for a signed “Phase One” deal by year-end continue to dictate the current trading landscape. Getting a done deal is the single most important issue to large market participants and it shows when major […]
Today, U.S. stocks are modestly trading lower with all eyes on Fed Chair Powell’s second congressional appearance, as well as Walmart, Nvidia, and Viacom earnings. Doubt over the “phase one” U.S.-China deal has grown, and weighed on markets, in recent days with little new developments on either end, although the latest comments from the Chinese […]
Markets traded higher this morning with all three major U.S indices in the green, only to turn mixed in the afternoon with the Nasdaq slightly lower. Fed Chair Jerome Powell met with the Joint Economic Committee of Congress today to discuss the latest monetary policy updates and future plans for the Fed, signaling no further […]
Markets are trading lower today as uncertainty regarding U.S.-China tariff relief and rising Hong Kong tensions weaken global trade optimism. Along with bond markets, which are closed in observance of the Veterans’ Day holiday, there will be no key economic or earnings reports released today; however, big-name earnings still due this week will feature Cisco, […]
RoboStreet – November 7, 2019 Market Gaps Higher on Rosier Outlook for China Deal Stocks are extending their record-setting gains after a spokesperson for China’s Commerce Ministry reportedly said both the U.S. and China have agreed to cancel some tariffs in place on each other’s goods as part of the “Phase One” trade deal negotiations. […]
All three major U.S. indices are nearing record highs after news that both the U.S. and China would scale back tariffs in phases, ahead of the December signing of “phase one” of the trade deal. With both sides looking to continue negotiations, the latest development to cancel certain tariffs has been positively received by global […]
Markets traded lower in early morning trading after the latest reports regarding “phase one” of the U.S.-China trade deal delayed the finalized agreement until December, with both sides looking for additional meetings to continue negotiating the terms of the deal. Also in the spotlight this week are the latest big-name corporate earnings including Qualcomm, Square, […]
All three major U.S. indices are on track to close in the green and reaching record highs behind strong corporate earnings, phase one of the U.S.-China trade agreement, and the recently released October labor data. While the preliminary deal may not yet be signed, both the U.S. and China have continued to show signs of […]
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