Schaeffer's Market Recap Reports of a standstill between the U.S. and China reversed the Dow's earlier gains
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| | | 5/17/2019 | |
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| Dow Ends Volatile Day Lower | | By Lillian Currens | | The Dow's midday comeback didn't last long, as the index slipped back below breakeven by the end of the day. The index lost nearly 100 points, amid reports that trade negotiations between Washington and Beijing have come to a standstill. This follows a China representative's comments that the U.S. is exhibiting "bullying behavior," and after President Donald Trump's recent swipe at Chinese telecom company Huawei. The renewed trade jitters helped to overshadow earlier reports that Trump will lift tariffs on steel and aluminum imports from Mexico and Canada, as well as a better-than-expected consumer sentiment reading. Against this backdrop, the S&P and Nasdaq ended the day in the red, as well, with all three indexes finishing the week lower. Continue reading for more on today's market, including: - Analysts think this penny stock could surge as much as 75%.
- Goldman: This retail stock could hit fresh highs after earnings.
- Plus, a bull signal flashing for NYT; 2 video game stocks garnering analyst love; and NVDA steps into the earnings confessional.
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