Uber's First Ride Around The Block

Mnuchin said trade talks between the U.S. and China were "constructive"

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MARKET RECAP     5/10/2019
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Dow Stages Massive Rebound on Mnuchin Comments By Lillian Currens Share On It was a wild day of trading, with the Dow down 358 points at its session low, before swinging to a gain by the close. Stocks were initially lower after President Donald Trump's threatened tariff hikes on $200 billion in Chinese goods went into effect, and after a Trump tweet fueled concerns about a lengthy trade dispute. However, the turnaround came after Treasury Secretary Steven Mnuchin said some progress was being made between the U.S. and China, calling today's trade talks "constructive." In addition, Trump said "conversations into the future will continue" between the countries. As such, the S&P and Nasdaq bounced back by the end of the day as well, though all three indexes suffered their steepest weekly losses of 2019.  Continue reading for more on today's market, including: Uber stock scored analyst love on its first day of trading.   The China stock that jumped after an impressive earnings report.  Plus, PBYI stock suffers its worst day in months; the "dead money" cybersecurity stock; and one ETF's miserable week.  >> Continue reading...
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