CategoryU.S. Market News

Unique coverage of U.S. Markets, with a special focus on the Dow Jones Industrial Average with related financial reports.

Cannabis CEO Clueless About R&D, and the Stock Proves It

cannabis

By CCN Markets: Canopy Growth's stock may be showing some green today, but it's down an eye-popping 48 percent from its best levels of 2019. No wonder investors can't sell fast enough, with the exception of Bruce Linton, who last month was fired as the company's chief executive but who is reportedly scooping up shares anyway. The cannabis company in recent days reported its earnings, which were...

Dow Risks Snapping Three-Day Win Streak as Bond Yields Dive

dow jones industrial average

By CCN Markets: The Dow and broader U.S. stock market all turned lower on Tuesday, as heightened geopolitical tumult drove investors out of equities and into the perceived safety of government bonds. Dow Slides; S&P 500, Nasdaq Follow All of Wall Street’s major indexes declined Tuesday, mirroring a tepid pre-market for Dow futures. The Dow Jones Industrial Average fell 173.35 points, or 0.7%...

Dow Rally Fizzles as Bulls Ignore Volcker Do-Over

dow jones industrial average

By CCN Markets: The Dow Jones tracked sideways on Tuesday as the US stock market teetered toward its worst session in nearly a week. Beijing pushing back against Trump on Hong Kong definitely worsened sentiment, but it was the Fed that injected renewed fear into the markets. Dow Jones Trades Sideways as Rally Fizzles As of 12:35 pm ET, the Dow Jones Industrial Average had lost 42.21 points or 0...

Dow Recovery Stagnates as Beijing Snipes at Trump

dow jones industrial average

By CCN Markets: The Dow’s three-day recovery ran smack into a wall on Tuesday, as the stock market struggled to complete the long journey back from last week’s vicious 800 point DJIA plunge. Meanwhile, Beijing capped simmering optimism about US-China trade relations by sniping at President Trump through a state-run media mouthpiece. Dow Fails to Make It Four-in-a-Row All of Wall Street's major...

Layoffs Perversely Bump U.S. Steel Stock 10% in Pre-Market Boost

Stock, US stocks, stocks

By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price of $12.43. At the market close on Monday, U.S. Steel was valued at $11.28. Just last week the stock hit a three-year low of around $10.80. The pre-market rally comes amidst the steel...

Economists: You Don't Need to Worry About a Recession - Yet

housing crisis, recession

By CCN Markets: Investment management firm First Trust put out an important note on Monday regarding a potential recession. Entitled "This Is Not 2008," the note from First Trust’s chief and senior economists make important points about the inverted yield curve we’ve been hearing a lot about. History Doesn't Always Repeat Itself First Trust points out that, while inverted yield curves have...

Dow Futures on Knife-Edge as Trump Bullies Fed Into Submission

Donald Trump, Dow Futures

By CCN Markets: Dow Jones Industrial Average (DJIA) futures are on a knife-edge on Tuesday as ominous recession warnings ring out around the world. Despite the warnings, an undercurrent of trader optimism has returned to the markets as Donald Trump upped the pressure on the Federal Reserve to ease monetary policy. Taking to Twitter on Monday he cursed Fed Chairman Jerome Powell and urged the...

Fire Every One of These Traitorous CEOs Who Blew Off Shareholders

By CCN Markets: A group of 181 CEOs of publicly held companies trading in the stock market has proclaimed their intent to put the wealth-destroying values of anti-capitalists ahead of shareholders. The Business Roundtable or a PR Stunt? This group of former fiduciary stewards signed a statement produced by The Business Roundtable, a 37-year-old group, that reimagines the idea of a corporation...

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