x

Economy

U.S. Stocks Dive as Trade Jitters Return

December 4, 2018

NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks took a nosedive on Wall Street as investors worried that a U.S.-China trade truce reached over the weekend wasn’t all it was cracked up to be.
The Dow Jones Industrial Average sank almost 800 points Tuesday.
Boeing and Caterpillar, two major exporters which would have much to lose of trade tensions don’t ease, weighed the most on the Dow.
Bond prices soared sharply, sending yields lower, as traders shoved money into lower-risk investments.
The sharp drop in yields hurt banks because it makes it harder to earn money from lending. JPMorgan Chase sank 4.5 percent.
The S&P 500 lost 90 points, or 3.2 percent, to 2,700.
The Dow dropped 799 points, or 3.1 percent, to 25,027. The Nasdaq fell 283 points, or 3.8 percent, to 7,158.
___
1:08 p.m.
Stocks are turning sharply lower on Wall Street as trading turns jittery again, erasing 500 points from the Dow Jones Industrial Average.
Banks led the market lower as bond yields fell sharply Tuesday, which makes it harder for banks to make money from lending.
Bank of America fell 5.7 percent.
Small-company stocks fell more than the rest of the market.
The S&P 500 lost 63 points, or 2.3 percent, to 2,727.
The Dow lost 574 points, or 2.2 percent, to 25,253. The Nasdaq fell 197 points, or 2.7 percent, to 7,244.
Bond prices rose sharply. The yield on the 10-year Treasury fell to 2.92 percent.
Stock and bond trading will be closed in the U.S. Wednesday in observance of a national day of mourning for former President George H.W. Bush.
___
12:33 p.m.
Stocks are turning sharply lower on Wall Street as trading turns jittery again, erasing 500 points from the Dow Jones Industrial Average.
Banks led the market lower as bond yields fell sharply Tuesday, which makes it harder for banks to make money from lending.
Bank of America fell 5.1 percent.
Small-company stocks fell more than the rest of the market.
The S&P 500 lost 61 points, or 2.2 percent, to 2,729.
The Dow lost 536 points, or 2.1 percent, to 25,292. The Nasdaq fell 197 points, or 2.7 percent, to 7,244.
Bond prices rose sharply. The yield on the 10-year Treasury fell to 2.92 percent.
Stock and bond trading will be closed in the U.S. Wednesday in observance of a national day of mourning for former President George H.W. Bush.
___
11:45 a.m.
Stock indexes fell in midday trading on Wall Street, giving back much of the market’s gain from the day before.
Losses in banks, technology stocks and industrial companies outweighed gains elsewhere Tuesday.
Apple lost 2.2 percent and Bank of America slumped 3.7 percent.
Small-company stocks fell more than the rest of the market.
The S&P 500 index lost 23 points, or 0.9 percent, to 2,766.
The Dow Jones Industrial Average fell 211 points, or 0.8 percent, to 25,611. The Nasdaq composite gave up 84 points, or 1.1 percent, to 7,356.
Bond prices rose. The yield on the 10-year Treasury fell to 2.94 percent.
Stock and bond trading will be closed in the U.S. Wednesday in observance of a national day of mourning for former President George H.W. Bush.
___
9:35 a.m.
Stocks are opening lower on Wall Street, led by losses in technology companies and banks.
Apple lost 1.7 percent early Tuesday and Bank of America was down 1.3 percent.
Dollar General sank 5.6 percent after reporting weak results.
The S&P 500 index lost 8 points, or 0.3 percent, to 2,782.
The Dow Jones Industrial Average fell 65 points, or 0.3 percent, to 25,761. The Nasdaq composite gave up 33 points, or 0.5 percent, to 7,407.
Bond prices rose. The yield on the 10-year Treasury fell to 2.95 percent.

RELATED

LONDON — Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.