Schaeffer's Market Recap The U.S. leader will reportedly delay tariffs on European cars for up to six months
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| | | 5/15/2019 | |
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| Tariff Delay Hopes Buoy Markets | | By Lillian Currens | | The Dow finished higher again today, amid reports that President Donald Trump will delay tariffs on European automobiles by up to six months. In addition, Wall Street cheered Treasury Secretary Steven Mnuchin's comments that he will likely head to Beijing soon to resume trade talks with China. The positive trade headlines helped the major market indexes reverse early losses stemming from weak economic data from both the U.S. and China, with the S&P and Nasdaq marking their second consecutive gains as well. Continue reading for more on today's market, including: - 2 consumer product stocks that could stay hot next month.
- Don't toss Apple stock just yet, according to one signal.
- 3 pharma stocks that made monster moves today.
- Plus, Macy's soars on an earnings beat; a bull signal flashing for one retailer; the activist chatter surrounding Legg Mason stock.
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