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The US stock market suffered huge losses on trade war fears
US stocks fell on Wednesday after President Donald Trump said he will impose tariffs on $300 billion of Chinese imports. The Dow Jones index fell over 800 points, or 2.84%, to end the day at 26,502. Meanwhile, the broader S&P 500 index fell over 70 points, or 2.37%, to finish at 2,863. The Nasdaq fell…
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The markets in Europe and Asia fell following the US announcement of tariffs
Following the US’ tariffs on imported goods, the Nikkei 225 in Japan fell 1.6%, South Korea’s Kospi lost 1.9% and Australia’s S&P/ASX 200 shed 1.9%. Meanwhile, Hong Kong’s Hang Seng fell by 1.9%, Shanghai’s Composite index declined by 1.4% and Singapore’s Straits Times fell by 1%. The Dow Jones Industrial Average fell by 1.4% and…
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In the first week of the year 2024, nearly 25,000 tech workers were laid off
Stanford University professor Jeffrey Pfeffer has called the phenomenon of companies in one industry mimicking each others’ employee terminations “copycat layoffs”. “Tech industry layoffs are…an instance of social contagion, in which companies imitate what others are doing,” Pfeffer said. He added that the S&P 500 has notched multiple all-time records, led by the so-called Magnificent…
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Is this the beginning of the end for Big Oil’s windfall?
The US S&P 500 lost 20% of its value in 2019, marking the worst year for equities since 2008 when it lost 25% of its value. Consumer staples and consumer discretionary stocks posted their best relative performances to the S&P 500 this year. Chevron reported a record profit of $7.9 billion in the fourth quarter,…
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The consumer is in focus ahead of Black Friday and the holidays
The US benchmark S&P 500 index has fallen over 5% so far in 2021 amid concerns that higher interest rates may eventually lead to a recession. Consumer stocks have been hit harder this year due to inflation worries and recession fears. Meanwhile, the US 10-year yield recently crossed 4%, its highest level since October 2008.
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The pre market stock market shows Wall Street is dying.
The International Energy Agency (IEA) said that the total net income of the world oil and gas producers will double in 2022 from last year, as the five biggest oil companies generated over $50 billion in profits in the second quarter. The S&P 500 is down 20% in 2022. The worst performing stock in the…
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The stock market news includes the S andP 500.
The US stock market saw its biggest single-day drop in nearly three months on Thursday after the government reported that retail sales growth in October was lower than anticipated. The Dow Jones Industrial Average fell 765 points to end the day at 17,939. The broader S&P 500 lost 77 points to end at 2,084, while…
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Markets have been their worst year since 2008.
Energy sector has been the best-performing area of the global stock market in 2022, having risen 60% so far, according to Bloomberg data. IBM and Lockheed Martin are the only two of the S&P 500 companies that were worth more than the average company at the start of the year. Generac Holdings is the worst…
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The stock market news is provided by the S&P 500.
The US stock market ended the third quarter on a negative note on Friday. The benchmark S&P 500 index fell 0.07% to close at 2,736, while the Dow Jones Industrial Average lost 0.15% to end the month at 25,835. The Nasdaq Composite index fell 0.36% to close at 7,610. Meanwhile, the London FTSE 100 index…
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Jamie Dimon of JP Morgan warns of a recession.
US stocks closed lower on Friday after data showed the country’s payrolls grew by 152,000 in October, slower than the previous two months’ increase of 230,000 and 235,000 respectively. The Dow Jones Industrial Average was down over 250 points in early trade. However, the broader S & P 500 index ended the day up nearly…