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...
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...
By CCN Markets: The Dow Jones surged higher on Friday, bouncing over 1% in another effort by stock market bulls to buy the recent dip. Donald Trump managed to get the Dow moving again with some typical comments about progress with China, but a weak Consumer Sentiment reading suggests that cracks are starting to show in the US economy. Blissful Relief for a Battered Dow Jones Heading into the...
By CCN Markets: Donald Trump might be the most prominent Fed hater, but Ron Paul is the original. The crypto-loving former U.S. representative from Texas has chosen this moment of wild volatility in financial markets to take aim at a new anti-bitcoin project nicknamed “FedNow” in development by the U.S. central bank. Paul Fears FedNow May Crush Crypto Ever the champion of individual liberty, it...
Stock market sentiment brightened as the Dow Jones moved 292 points (1.13%) higher on Thursday, raising the DJIA to 26,299 . Wherever you look, risky assets are rallying. Crude oil is up more than 3.5%, and the Nasdaq and S&P 500 are both above 1.5% on the day. Even a slew of anti-Fed comments from Donald Trump failed to spoil the party as the Dow shrugged off the antagonistic Twitter tirade...
The Dow Jones snapped back into its brutal reversal on Wednesday, as recession alarms thundered throughout the global economy and China continued to confound analysts with its handling of the yuan. But to hear President Trump tell it, the stock market’s dismal downturn has a singular cause: the US Federal Reserve. Dow Craters, Slides Toward 25,500 All of Wall Street’s major indices fell on...
The Dow Jones stormed into recovery mode on Tuesday following its worst loss of the year as traders searched for - and found - a silver lining in the alarming escalation in the US-China trade war. Dow Recovers from Grisly 2.9% Crash All of Wall Street’s major indices took a bite out of their August 5 losses. The Dow Jones Industrial Average jumped 186.24 points or 0.72%, raising the DJIA to...
Stock market investors who were expecting that the Fed would be more accommodating with its monetary policy or that trade talks between the U.S. and China would go swimmingly were in for a rude awakening. Instead, they got a one-two punch comprised of a mere quarter-point interest rate cut and threats of more tariffs on China rather than any compromise. But if you take a step back and look at the...