President Donald Trump again shook markets with his Twitter feed
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| | | 8/01/2019 | |
Renowned market expert predicts this new exchange - set to go live in less than 60 days - could see the biggest stock gains of 2019. Full story here... |  | |
| Stock Gains Disappear, Dow Drops 280 on Tariff Bombshell | | By Josh Selway | | After spending the first half of the day in positive territory, stocks fell off a cliff following President Donald Trump's tweets that the U.S. will be placing 10% tariffs on $300 billion of goods coming from China. The Dow was up more than 300 points at its intraday peak on hopes for more rate cuts, but ultimately closed with a nearly 300-point deficit. It was similar price action for the Nasdaq and S&P, which are now on four-day losing streaks, even though Trump added he wants a "positive dialogue with China." Oil prices also sold off as the tariff news sparked more fears for a global economic slowdown, with liquid gold notching its biggest daily loss in roughly four years. Continue reading for more on today's market, including: | | >> Continue reading... | |
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