Market News

[weatherweenie]

[h=1]US first-quarter growth slowed more than estimated, weighed down by the weakest consumer spending in nearly 5 years[/h]

 

[nasa1974]

US first-quarter growth slowed more than estimated, weighed down by the weakest consumer spending in nearly 5 years

Sure would like to make some comments but can't let it get political. I wonder what the interest rates had to do with this?

 

[weatherweenie]

[h=1]Private payrolls boom in July, increasing by 219,000 vs 185,000 estimate: ADP[/h]

 

[weatherweenie]

Stocks dipped on Friday, erasing slight gains, after a report said President Donald Trump wants to move forward with tariffs on $200 billion in Chinese goods.

 

[weatherweenie]

BUENOS AIRES (Reuters) - China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina.

https://www.yahoo.com/news/u-china-declare-90-day-halt-tariffs-white-023232628--finance.html?.tsrc=bell-brknews

 

[tsptalk]

Hmm, I wonder if this is good news, or bad. Is the glass half full or half empty - 90 days without tariffs or 90 more days of uncertainty?

 

[nnuut]

Dow drops more than 450 points after historic 1,000-point surge
Stocks traded sharply lower on Thursday, giving back some of the strong gains from the previous day, amid renewed tensions between China and the United States.
The Dow Jones Industrial Average fell 456 points, led by losses in Exxon Mobil and United Technologies. The S&P 500 pulled back 1.9 percent as the energy and consumer discretionary sectors lagged. The Nasdaq Composite dropped 1.9 percent.
Reuters reported, citing three sources familiar with the situation, that President Donald Trump is considering an executive order to ban U.S. companies from using equipment built by Chinese firms Huawei and ZTE. This executive order would come at a time when the two largest world economies are trying to strike a permanent trade deal. Earlier this month, China and the U.S. agreed to a 90-day grace period to come up with an agreement.

Shares of trade bellwethers like Caterpillar, Boeing and Deere all fell more than 1.5 percent.[more]

https://www.cnbc.com/2018/12/27/futures-on-the-back-of-wednesdays-wall-street-surge.html

 

[tsptalk]

Stock Futures Decline as China Data Fuel Growth Concerns

(Bloomberg) -- U.S. stock-index futures erased earlier gains after a gauge for manufacturing output in China fell into contraction territory for the first time since May 2017, fueling global growth concerns.

https://finance.yahoo.com/news/u-stock-index-futures-rise-230929845.html

 

[nasa1974]

Enjoying the start to the new year. It's coming to a point where I will have to take a loss instead of just being down 12%. Can't get much deeper into this rabbit hole.

 

[weatherweenie]

https://www.cnbc.com/2019/03/08/sto...lls-in-focus-after-china-exports-plummet.html

The U.S. economy added just 20,000 jobs in last month. Economists polled by Dow Jones expected a gain of 180,000.

 

[James48843]

https://www.cnbc.com/2019/03/08/sto...lls-in-focus-after-china-exports-plummet.html

The U.S. economy added just 20,000 jobs in last month. Economists polled by Dow Jones expected a gain of 180,000.

I think it's going to be a bloodbath today when the market reacts to those job numbers.

 

[weatherweenie]

Sadly, yes. The price I pay for not listing to myself.

I think it's going to be a bloodbath today when the market reacts to those job numbers.

 

[weatherweenie]

U.S. manufacturing output fell for a second straight month in February, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
The Federal Reserve said on Friday manufacturing production dropped 0.4 percent last month, held down by declines in the output of motor vehicles, machinery, and furniture. Data for January was revised up to show output at factories falling 0.5 percent instead of slumping 0.9 percent as previously reported.

 

[nnuut]

WOOPS!
Dow futures drop more than 450 points as China considers canceling trade talks due to Trump threats

PUBLISHED 4 HOURS AGOUPDATED 22 MIN AGO

https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html

 

[weatherweenie]

S&P futures down 0.50%

https://www.cnbc.com/2019/05/09/trump-on-new-trade-war-tariff-threat-china-broke-the-deal-in-talks.html

[h=1]Trump: China 'broke the deal' in trade talks[/h]

 

[weatherweenie]

Down go the futures.

https://www.cnbc.com/2019/05/31/tru...riff-on-all-mexican-imports-from-june-10.html

[h=1]Trump says US will impose 5% tariff on all Mexican imports from June 10[/h]

 

[weatherweenie]

https://www.cnbc.com/2019/06/13/us-weekly-jobless-claims-june-8-2019.html

[FONT=&quot]Initial claims for state unemployment benefits rose to 222,000 for the week ended June 8, the Labor Department said.[/FONT]

 

[tsptalk]

That was close to expectations - a little higher, but nothing like a little weaker than expected economic data to trigger a rally.

 

[weatherweenie]

Yep. I was wondering if the jobs report would spark more rate cut talk?

That was close to expectations - a little higher, but nothing like a little weaker than expected economic data to trigger a rally.

 

[tsptalk]

Housing starts and retail number are probably the next key reports coming before next Wednesday's FOMC meeting and rate decision.