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

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

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.

Video

After Rare Flash Flood Emergency, Florida Prepares for More Heavy Rainfall in Coming Days

FORT LAUDERDALE, Fla. (AP) — A tropical disturbance has brought a rare flash flood emergency to much of southern Florida as residents prepared to weather more heavy rainfall on Thursday and Friday.

NICOSIA - Following Greece’s agreement with Egypt to take in as many as 10,000 seasonal workers for agricultural jobs, Cyprus will be getting 1000 after a deal was worked out at the International Labor Conference (ILC) held in Geneva.

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.

BUENOS AIRES, Argentina (AP) — Lionel Messi won the World Cup in 2022, won the Copa America in 2021, and wants to show he has the hunger to win some more.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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