US stocks tumble on US-China trade jitters, oil price slide
Thursday, 6 December 2018 U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average. The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and China. Oil prices fell sharply as traders appeared to doubt that an expected production cut by OPEC will be enough to boost the price of crude. Traders continued to shovel money into bonds, a signal that they see weakness in the economy ahead. The yield on the 10-year Treasury note fell to 2.86 percent from 2.92 percent on Tuesday, a large move. U.S.
According to Reuters, Iranian Oil Minister Bijan Zanganeh said on Tuesday that OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organization must be examined. Qatar said on Monday it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader...
According to Reuters, a global gauge of stocks is trading flat after a day of sharp losses. On May 8th, MSCI's all-country world stock index was flat after falling over 1-percent the day before. Equity..
President Trump's threat to impose additional tariffs on $200 billion worth of Chinese goods has the U.S. stock market in a tizzy. All three major U.S. indices ended in the green, after the Dow Jones..
Wall Street was hit with a terrible Tuesday with the Dow Jones Industrial Average down, the S&P 500 down 1.65% and the Nasdaq down 1.96%. The declines followed intraday lows that saw the indices down..