U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.55%

© Reuters. U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.55%

Investing.com – U.S. stocks were mixed after the close on Wednesday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower.

At the close in NYSE, the fell 0.55%, while the index fell 0.29%, and the index gained 0.07%.

The best performers of the session on the were Home Depot Inc (NYSE:), which rose 1.07% or 1.97 points to trade at 186.10 at the close. Meanwhile, McDonald’s Corporation (NYSE:) added 1.02% or 1.86 points to end at 184.97 and Apple Inc (NASDAQ:) was up 0.87% or 1.63 points to 188.16 in late trade.

The worst performers of the session were Goldman Sachs Group Inc (NYSE:), which fell 3.38% or 6.80 points to trade at 194.32 at the close. UnitedHealth Group Incorporated (NYSE:) declined 2.58% or 6.63 points to end at 250.50 and JPMorgan Chase & Co (NYSE:) was down 2.13% or 2.28 points to 104.52.

The top performers on the S&P 500 were Range Resources Corp (NYSE:) which rose 5.11% to 11.31, Netflix Inc (NASDAQ:) which was up 4.58% to settle at 375.22 and Pioneer Natural Resources Company (NYSE:) which gained 4.51% to close at 144.44.

The worst performers were Viacom B Inc (NASDAQ:) which was down 5.49% to 26.01 in late trade, KeyCorp (NYSE:) which lost 5.33% to settle at 16.53 and Brighthouse Financial Inc (NASDAQ:) which was down 5.23% to 38.03 at the close.

The top performers on the NASDAQ Composite were PDS Biotechnology Corp (F:) which rose 1000.00% to 6.700, Motif Bio PLC (NASDAQ:) which was up 55.28% to settle at 2.50 and Estre USA Inc Class A (NASDAQ:) which gained 44.34% to close at 2.29.

The worst performers were B

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Wall Street cierra en terreno mixto y el Dow Jones cede un 0,55 %

Wall Street cierra en terreno mixto y el Dow Jones cede un 0,55 %

Mar 20, 2019 (Agencia EFE via COMTEX) —

Nueva York, 20 mar (EFE).- Wall Street cerró este miércoles en terreno mixto y el Dow Jones de Industriales, su principal indicador, cedió un 0,55 % tras una jornada irregular marcada por la reunión de política monetaria de la Reserva Federal (Fed), que concluyó sin cambios en las tasas de interés en Estados Unidos.

Al término de la sesión en la Bolsa de Nueva York, el Dow Jones recortó 141,71 puntos, hasta los 25.745,67, mientras que el selectivo S&P 500 descendió un 0,29 % o 8,34 unidades, hasta 2.824,23.

El índice compuesto Nasdaq, que agrupa a los principales grupos tecnológicos, fue el único que progresó, un 0,07 % o 5,02 puntos, hasta los 7.728,97 enteros.

La mayoría de los sectores cerró en rojo, comenzando por el financiero (-2,09 %), seguido por el sanitario (-0,67 %) y el industrial (-0,63 %), mientras que ascendió notablemente el de las comunicaciones (1,16 %).

El parqué neoyorquino tuvo un día de altibajos después de que la reunión de política monetaria de la Reserva Federal concluyera, como se esperaba, sin cambios en los tipos de interés, pero a los inversores no les animó la perspectiva de que el crecimiento económico se haya debilitado.

“El crecimiento económico se ha ralentizado de su sólida tasa registrada en el último trimestre del pasado año”, dijo la Fed en un comunicado.

Según los analistas, los anuncios de la Fed presionaron a la baja los rendimientos bonos del Tesoro a 10 años, de referencia en EE.UU., que cayeron a mínimos no vistos en un año y arrastraron a los principales bancos del país: JPMorgan (-2,13 %), Bank of America (-3,41 %), Goldman Sachs (-3,38 %), Citigroup

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Markets Right Now: Fed news sends bond yields sharply lower

NEW YORK — The latest on developments in financial markets (all times local):

4 p.m.

Stocks got a brief bump from news that the Federal Reserve doesn’t plan to raise rates this year, but still ended mostly lower after those gains faded.

Bond prices rose sharply Wednesday after the Fed forecast slower economic growth. That sent bond yields down to the lowest they’ve been in more than a year.

The Fed said it will stop shrinking its bond portfolio in September, which will help hold down long-term interest rates.

Banks fell as the outlook for higher rates dimmed.

The S&P 500 fell 8 points, or 0.3 percent, to 2,824.

The Dow Jones Industrial Average lost 141 points, or 0.5 percent, to 25,745. The Nasdaq edged up 5 points, or 0.1 percent, to 7,728.

The yield on the 10-year Treasury note dropped to 2.53 percent.

2:10 p.m.

Stocks erased an early loss and turned slightly higher after the Federal Reserve forecast no rate increases at all this year, a big change from its forecast just three months ago when it expected two hikes.

Major U.S. indexes snapped higher across the board shortly after the Fed released its latest policy announcement at 2 p.m. Eastern time.

The benchmark S&P 500, which was down 0.4 percent shortly before the announcement, was up 0.1 percent.

The Dow Jones Industrial Average narrowed its loss from about 215 points to 33 points.

Bond yields moved lower in response to the Fed’s announcement.

The yield on the 10-year Treasury note, which is used to set rates on mortgages and many other kinds of loans, immediately fell to 2.55 percent from 2.59 percent.

11:45 a.m.

Stocks are moving broadly lower on Wall Street, dragged down by losses in health care and industrial companies.

FedEx slumped 5 percent in

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United States : US: Dow, S&P 500 dip as markets eye Federal Reserve, trade talks

United States : US: Dow, S&P 500 dip as markets eye Federal Reserve, trade talks

Mar 20, 2019 (Euclid Infotech Ltd via COMTEX) —

WallStreet stocks finished little changed on Tuesday following conflicting reports on US-China trade talks and as the Federal Reserve began a two-day monetary policy meeting.

The Dow Jones Industrial Average ended down 0.1 per cent at 25,887.38, snapping a four-day winning streak.

The broad-based S&P 500 lost less than 0.1 per cent at 2,832.57, while the tech-rich Nasdaq Composite Index edged up 0.1 per cent to 7,723.95.

Stocks spent much of the day solidly positive but weakened following a Bloomberg report that described tensions between the United States and China on trade terms that could pose problems for a broad agreement.

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Stocks – Dow Reverses Fed-Induced Gains as Financials Slump

© Reuters.

Investing.com – The Dow ended lower as it struggled hold gains following the Fed’s unchanged rate decision and downgrade on future hikes as trade concerns and a slump in financials weighed.

The slumped 0.55%, the lost 0.29%, while the eked out a gain of 0.07%. The Dow jumped 137 points in six minutes after the Fed announcement, but pared gains soon after.

The Federal Reserve unexpectedly cut its outlook on rate hikes, signaling no further tightening would be appropriate for the current year amid a slowdown in economic growth.

“In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes,” the Fed said in a statement.

As rate hikes appear to nearing the end, the Fed also said it will begin in May to reduce the amount of proceeds — received from securities on its balance sheet — it allows to roll off each month and will halt the program in September.

The Fed has been allowing as much as $50 billion a month of maturing securities to roll off its balance sheet, which peaked at roughly $4.5 trillion in Jan. 2015, but has now narrowed to about $4 trillion.

“The FOMC more than reinforced market expectations of an extended pause, if not possible end, to the tightening cycle,” BMO said in a note.

The Fed’s dovish monetary policy sent government bond yields tumbling, pressuring financials, mostly banks. Falling government bond yields stifle banks’ ability to generate net interest.

Goldman Sachs (NYSE:), JPMorgan Chase (NYSE:) and Bank of America (NYSE:) ended the day nursing steep losses.

The rate-sensitive yield fell nearly 3%.

The Fed’s policy decision arrived on the heels

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S&P 500, Nasdaq reverse losses after Fed says no further hikes in 2019

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – The S&P 500 and the Nasdaq reversed earlier losses, gaining ground after the U.S. Federal Reserve concluded its two-day policy meeting by holding a key interest rate steady and affirming its dovish monetary policy stance.

The central bank also indicated it sees no further rate hikes this year, and released details of a plan to end the monthly reduction of its balance sheet.

“It definitely skewed on the dovish side of expectations,” said Evan Brown, head of macro asset allocation strategy at UBS Asset Management in New York. “The main surprise is that the Fed projects zero hikes in 2019.”

All three major U.S. stock indexes started the session in the red, but the S&P 500 and the Nasdaq turned positive after the release of the policy-making Federal Open Market Committee’s statement. The Dow narrowed its losses.

Rate-sensitive financial stocks were the largest percentage losers among the 11 major sectors of the S&P 500.

U.S. stocks have rallied since the beginning of the year, when Fed chair John Powell said the Fed would take a “patient” approach to monetary policy.

Powell is due to hold a press conference at 2:30 EST.

The Dow Jones Industrial Average fell 24.91 points, or 0.1 percent, to 25,862.47, the S&P 500 gained 1.9 points, or 0.07 percent, to 2,834.47, and the Nasdaq Composite added 24.27 points, or 0.31 percent, to 7,748.21.

Reporting by Stephen Culp; additional reporting by Kate Duguid; editing by Jonathan Oatis

Our Standards:The Thomson Reuters Trust Principles.

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Trump spooks markets with China trade tariffs warning

US stocks have fallen after President Donald Trump said his administration was considering leaving tariffs on China for a “substantial period”.

Mr Trump said that a trade deal with Beijing was “coming along nicely”, but his comments dampened hopes a deal would be reached soon.

US negotiators are due to visit China next week to resume talks.

Wall Street baulked at Mr Trump’s comments, with the benchmark Dow Jones falling almost 1%.

The Nasdaq and the S&P 500 also fell.

Mr Trump said: “We’re not talking about removing them, we’re talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal.”

The US delayed the introduction of higher tariffs on $200bn worth of Chinese imports following three months of talks, after which Mr Trump said the nations were “very very close” to an agreement.

The US had threatened to raise import duties on Chinese goods from 10% to 25% on 1 March.

Following his remarks, the Dow Jones dropped by 0.73% to 5,698 points. The S&P 500 fells 0.57% to 2,816.5 and the Nasdaq slid 0.36% to 7,695.9.

Mr Trump also said that the US was taking in “billions and billions” from tariffs.

However, the most recent deficit figures showed that the US’s trade gap with the rest of the world jumped to a 10 year high of $621bn (£471.2m) in 2018.

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Markets Right Now: Stocks turn higher as Fed sees no hikes

NEW YORK — The latest on developments in financial markets (all times local):

2:10 p.m.

Stocks erased an early loss and turned slightly higher after the Federal Reserve forecast no rate increases at all this year, a big change from its forecast just three months ago when it expected two hikes.

Major U.S. indexes snapped higher across the board shortly after the Fed released its latest policy announcement at 2 p.m. Eastern time.

The benchmark S&P 500, which was down 0.4 percent shortly before the announcement, was up 0.1 percent.

The Dow Jones Industrial Average narrowed its loss from about 215 points to 33 points.

Bond yields moved lower in response to the Fed’s announcement.

The yield on the 10-year Treasury note, which is used to set rates on mortgages and many other kinds of loans, immediately fell to 2.55 percent from 2.59 percent.

11:45 a.m.

Stocks are moving broadly lower on Wall Street, dragged down by losses in health care and industrial companies.

FedEx slumped 5 percent in midday trading Wednesday after reporting a weak quarter, and Johnson & Johnson fell 1 percent.

Traders are looking ahead to the latest interest rate policy decision Wednesday from the Federal Reserve.

Several media companies also fell. Viacom lost 4.7 percent and Discovery gave up 3.2 percent.

General Mills turned in a good quarter and was up 4 percent.

The S&P 500 index fell 9 points, or 0.3 percent, to 2,822.

The Dow Jones Industrial Average lost 98 points, or 0.4 percent, to 25,786. The Nasdaq slipped 18 points, or 0.2 percent, to 7,705.

Bond prices rose. The yield on the 10-year Treasury fell to 2.59 percent.

9:35 a.m.

Stocks are opening broadly lower on Wall Street, dragged down by losses in health care and industrial companies.

FedEx slumped 6.3 percent in

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A six-person jury in San Francisco found Roundup did cause cancer in a

Bayer shares dropped in value Monday (Aug 13, 2018) following a verdict in California, stating Monanto’s Roundup caused cancer in a groundskeeper.

© MGN

TAGS: Marketing, Overseas

December 18, 2014

A six-person jury in San Francisco found Roundup did cause cancer in a man who used the product in his yard. This is the second case to go to trial alleging the herbicide caused cancer.

“Now we can focus on the evidence that Monsanto has not taken a responsible, objective approach to the safety of Roundup,” plaintiff lawyers told Dow Jones.

Next the jury will hear evidence to weigh whether Monsanto (now Bayer) should be held liable—which could bring financial damages against the agriculture giant, Dow Jones reports. The court previously awarded plaintiffs a $289.2 million verdict in the first trial concerning Roundup.

“We are disappointed with the jury’s initial decisions, but we continue to believe firmly that the science confirms that glyphosate-based herbicides do not cause cancer,” Bayer said in a statement. “We are confident the evidence in phase two will show that Monsanto’s conduct has been appropriate and that the company should not be liable for Mr. Hardeman’s cancer.”

The plaintiff is 70-year-old Edwin Hardeman, who said he used Roundup for 26 years and was diagnosed with Non-Hodgkin lymphoma. In addition, Bayer faces more than 11,200 additional plaintiffs alleging the herbicide causes Non-Hodgkin’s lymphoma. Six more trials will start in state and federal courts this year, according to Dow Jones.

The jury deliberated for nearly a week before reaching a decision. Bayer says this ignores the more-than-800 studies submitted to EPA, EU and other regulators that confirms the products’ safety.

Hardeman’s trial is the first of three bellwether trials scheduled in federal court to assess the large number of claims, Dow Jones continues.

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Why the Dow Jones Today Could Slip After the Fed Meeting

The Dow Jones today will slump ahead of the conclusion of the March FOMC meeting.

The U.S. Federal Reserve isn’t set to raise rates this month – in fact, there have been talks of cutting them – but investors are more concerned with the central bank’s balance sheet. The Fed has roughly $4 trillion worth of assets to unload, and the speed and timing of its sell-off could rattle markets.

Read further for more on how this, Brexit tension, and other factors will move the Dow Jones Industrial Average.

Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones 25,887.38 -26.72 -0.10% S&P 500 2,832.57 -0.37 -0.01% Nasdaq 7,723.95 +9.47 +0.12%

Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.

The Top Stock Market Stories for Wednesday Shares of FedEx Corp. (NYSE: FDX) plunged 5.6% this morning and led the Dow lower. Tuesday afternoon, the global shipping giant fell short of earnings expectations. The firm warned that declining revenue from foreign markets is weighing on its bottom line and raised concerns about exchange rates and global growth in its forward guidance. CFO Alan Graf said in the company’s quarterly report that “slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue.”

Today, the Federal Reserve will kick off its two-day meeting on monetary policy and interest rates. Although the March FOMC meeting is highly unlikely to produce an interest rate jump, investors are focused on the central bank’s plans for its massive balance sheet. The question is whether the bank will aim to tighten its enormous balance sheet or allow this mechanism to go untouched

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