NewsFeeder
02-07-2019, 03:21 PM
Stock market ends firmly lower as trade-war, global-growth fears rattle Wall Street
U.S. stock benchmarks on Thursday finished the session firmly lower -- but off the worst levels of the session -- as worries about sluggish growth outside of the U.S. and diminishing expectations for a quick resolution to a U.S.-China trade spat, buffeted markets. The Dow Jones Industrial Average ended 220 points, or 0.9%, lower at 25,169, on a preliminary basis. The blue-chip gauge had been down by as many as 390 points at Thursday's lows, amid reports that President Donald Trump and China's Xi Jinping wouldn't meet before a March 1 trade deadline, suggesting that a deal between the world's largest economies on trade may not be finalized before that date. Earlier, White House Adviser Larry Kudlow, during a Fox Business news interview, late-morning Thursday said the two countries remained far apart in their negotiations. The S&P 500 index declined 0.9% at 2,706, while the Nasdaq Composite Index shed 1.2% to close at 7,288, on a preliminary basis. A round of weak data from the European Union underscored concerns that slowing growth in China has impacted Europe, fueling concerns about a slowing global economy. German industrial production unexpectedly fell by 0.4% in December from the month before, reinforcing concerns over the health of the eurozone's largest economy. Meanwhile, the European Commission cut its growth forecast for the shared currency bloc. In corporate news, Twitter shares finished the day down by 9.8% after it offered a downbeat outlook for the coming quarter and said it will stop offering monthly user metrics.
https://finance.yahoo.com/m/8805d23d-6436-34ba-b9e4-c143eb1c9423/stock-market-ends-firmly.html?.tsrc=rss
U.S. stock benchmarks on Thursday finished the session firmly lower -- but off the worst levels of the session -- as worries about sluggish growth outside of the U.S. and diminishing expectations for a quick resolution to a U.S.-China trade spat, buffeted markets. The Dow Jones Industrial Average ended 220 points, or 0.9%, lower at 25,169, on a preliminary basis. The blue-chip gauge had been down by as many as 390 points at Thursday's lows, amid reports that President Donald Trump and China's Xi Jinping wouldn't meet before a March 1 trade deadline, suggesting that a deal between the world's largest economies on trade may not be finalized before that date. Earlier, White House Adviser Larry Kudlow, during a Fox Business news interview, late-morning Thursday said the two countries remained far apart in their negotiations. The S&P 500 index declined 0.9% at 2,706, while the Nasdaq Composite Index shed 1.2% to close at 7,288, on a preliminary basis. A round of weak data from the European Union underscored concerns that slowing growth in China has impacted Europe, fueling concerns about a slowing global economy. German industrial production unexpectedly fell by 0.4% in December from the month before, reinforcing concerns over the health of the eurozone's largest economy. Meanwhile, the European Commission cut its growth forecast for the shared currency bloc. In corporate news, Twitter shares finished the day down by 9.8% after it offered a downbeat outlook for the coming quarter and said it will stop offering monthly user metrics.
https://finance.yahoo.com/m/8805d23d-6436-34ba-b9e4-c143eb1c9423/stock-market-ends-firmly.html?.tsrc=rss