Stock market ends sharply lower
Digest more
Top News
Overview
Impacts
The Dow Jones Index plunged by over 1.80% on Friday as concerns about geopolitics emerged. Its crash mirrored that of other American indices like the S&P 500, Nasdaq 100, and the Russell 2000. This article explores the top 3 catalysts that will drive the Dow Jones and the US stocks this week.
An OECD warning of economic damage from President Trump's tariffs has put investors on watch for progress in US trade talks.
Chinese media outlet Xinhua reported Thursday that President Donald Trump and China President Xi Jinping held a phone call.
The Dow Jones Industrial Average was heading for a weekly loss in early-afternoon trading Friday, with stocks remaining weighed down by worries over Israel’s attack on Iran. The Dow’s 1% drop Friday had it on track to fall 0.
Stocks jumped Friday after the latest nonfarm payrolls data came in better than expected, easing concern the economy faces an imminent slowdown.
In the bond market, Treasury yields made significant gains. The yield on the 10-year Treasury rose to 4.51% from 4.39% late Thursday. The two-year Treasury yield, which more closely tracks traders’ expectations for what the Federal Reserve will do with overnight interest rates, rose to 4.04% from 3.92% late Thursday.
NEW YORK (AP) — Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
At the same time, the Bureau of Labor Statistics this week reported that both producer and consumer prices increased just 0.1% on a monthly basis, pointing toward little upward pressure from the duties. Economists still largely expect the tariffs to show an impact in the coming months.