Wall Street was set to extend a two-day losing streak on Wednesday, as investors...
- Wall Street was set to extend a two-day losing streak on Wednesday, as investors fretted over the outcome of a crucial round of U.S.-China trade negotiations.
China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war, sources told Reuters. “It seemed a deal was just widely accepted and basically priced in, now we’re left wondering whether it will happen at all and what impact more tariffs will have on the global economy and markets. The next few days could be massive.”
Adding to the jitters was Chinese trade data that showed solid imports but an unexpected fall in April exports, painting a mixed picture of the economy. Of the 414 S&P companies that have reported so far, about 75% have beaten profit estimates, according to Refinitiv data.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are the biggest analyst calls of the day: Pinterest, US Steel, Mylan & moreHere are the biggest calls on Wall Street on Wednesday
Read more »
'CSR Racing 2', 'Empires & Puzzles' fuel Zynga's bookings, shares riseZynga Inc on Wednesday forecast bookings above Wall Street expectations after be...
Read more »
Australian stocks poised for lower open; Wall Street declines for second dayStocks in Australia were poised to see a decline at the open on Friday, following a second day of losses overnight on Wall Street as investors continued to grapple with recent comments by U.S. Federal Reserve Chairman Jerome Powell.
Read more »
Slide in energy stocks push Wall Street lowerWall Street's main indexes slipped on Thursday, as a slide in energy stocks...
Read more »
Wall Street extends decline as China trade worries mountU.S. stocks tumbled more than 2 percent on Tuesday as escalating trade tensions ...
Read more »
Wall Street Put Way Too Much Stock In Peaceful China Trade SettlementUnless China comes out verbally in favor of removing state subsidies from favored industries, among other things, the trade war gets bigger fast.
Read more »
Stock-market strategist says Wall Street should shake of Trump trade anxieties and ‘buy this dip’Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment.
Read more »
What to watch today: China trade, Trump's tax returns, Google and moreFutures are pointing to a lower Wall Street open, despite a late day Monday comeback.
Read more »
Wall Street Journal: McKinsey hired to review federal student loan programThe Trump administration is retaining the consulting firm McKinsey to assess the federal student loan portfolio as the government weighs selling off some of the debt to private investors, The Wall Street Journal reports
Read more »
Happy birthday, Gordon Gekko: My 5 favorite quotes from the ‘Wall Street’ villainGordon Gekko was a bad guy in a movie released 32 years ago, and yet he is still widely quoted on Wall Street today. And as many on the Street know, May 6 is...
Read more »
'Boring' India More Interesting To Wall Street If Modi RemainsGlobal investors are being paid less to be in India. That could change once these month-long elections end on May 19
Read more »