Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an ...
REUTERS: Wall Street's main indexes turned higher in volatile trade on Thursday with bank stocks leading the charge, even as renewed worries about Sino-U.S. trade relations and fears of a prolonged economic weakness lingered.
"Value investors probably came in here and said enough is enough. The markets like that the banks are showing some life," said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas. Trump's remarks added to concerns over a potentially extended period of economic weakness that was forecast by Federal Reserve Chairman Jerome Powell, as well as a warning from U.S. infectious disease expert Anthony Fauci that the COVID-19 outbreak was not yet under control this week.Wall Street's main indexes are set for their steepest weekly drop since March, following a strong rally off their 2020 lows on hopes economic activity would pick up as virus-led restrictions are lifted.
At 1:50 p.m. ET, the Dow Jones Industrial Average was up 192.43 points, or 0.83per cent, at 23,440.40, the S&P 500 was up 11.79 points, or 0.42per cent, at 2,831.79. The Nasdaq Composite was down 2.22 points, or 0.03per cent, at 8,860.95.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore shares fall at Wednesday’s open tracking Wall St retreat; STI down 0.5%SINGAPORE shares pulled back on Wednesday tracking a Wall Street retreat, as investors fret over the risks of a second wave of virus infections. Read more at The Business Times.
Read more »
US: Wall St opens lower on economic concerns, trade war fears[NEW YORK] US stocks opened lower on Thursday as investors grappled with the possibility of prolonged economic weakness due to the coronavirus outbreak, while the threat of a renewed Sino-US trade war also added pressure. Read more at The Business Times.
Read more »
Malaysia drops 1MDB charges against Wolf of Wall Street producerMalaysian prosecutors on Thursday dropped money laundering charges linked to the 1MDB scandal against one of the producers of Hollywood hit 'The ...
Read more »
Wall Street bonuses set to fall by as much as 30per cent in 2020 -reportNEW YORK: Wall Street bonuses for 2020 could fall by as much as 25per cent-30per cent due to the deep cuts to revenues recorded by banks and hedge ...
Read more »
Wall Street drops on trade war fears, economic worriesWall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an ...
Read more »
More than 300 lawmakers urge IMF, World Bank to cancel poor countries' debtOver 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in response to the coronavirus pandemic, and to boost funding to avert a global economic meltdown. The initiative, led by former U.S. presidential candidate
Read more »