The S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage Covid-19 vaccine trial.
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the world.
Wall Street stocks finished lower following a choppy session on Tuesday as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns.
Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday with all three main indices higher at the close of trading.
All of Italy under lockdown, reeling financial markets, and rioting prisoners made clear on Monday how the global coronavirus epidemic was extending its reach into all aspects of social and economic life.
US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.
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.
A US delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.
Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.
United States share markets suffered on Wednesday their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while Amazon slid 6%.