Stocks dive as United States proposes more China tariffs; Dow falls 620

07 April, 2018, 01:01 | Author: Teresa Adams
  • Stocks dive then recover somewhat as U.S.-China trade war escalates

The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Diamond Offshore Drilling, Inc. Only two of the most active US stocks premarket were higher.

The U.S. and China have recently engaged in tit-for-tat tariff announcements, although traders seem optimistic that the threats are only a precursor to negotiations of a trade agreement between the two countries.

The S&P 500 closed up 0.7% at 2,662.79.

Meet Meghan Markle's good friend and planning mastermind behind Prince Harry wedding
He will be joined by our royal photographer Arthur Edwards MBE and royal correspondent Emily Andrews for a discussion panel. It's not known whether the actress, who recently completed her role on legal drama Suits , has already returned to the UK.

The S&P 500 posted one new 52-week high and eight new lows; the Nasdaq Composite recorded 30 new highs and 89 new lows. Boeing was last down 2 percent while Caterpillar was down 0.7 percent.

Hedge fund manager Doug Kass, who runs Seabreeze Partners Management Inc, said he was shorting the Standard & Poor's 500."The hastily crafted policy like we have seen from Trump over the last two, three days and now tonight in a world that is flat and ever-more interconnected is risky".

President Donald Trump's administration spent the past few days reassuring investors that it's not rushing into a trade war, and China's government has done the same. Friday's jobs report failed to settle markets, as payrolls missed estimates and unemployment ticked up slightly in March, interrupting the market's rally from lows seen early in the week. Friday's downdraft also came amid a jobs report for March that produced a weaker-than-expected headline figure, showing the US economy added just 103,000 jobs versus forecasts for a rise of 170,000.

New York police shot unarmed man, mistaking pipe for gun
They report that they thought Vassell was holding a gun, when, in fact, he was holding a metal pipe with a knob on it. Hinds said a plainclothes officer got out of the passenger seat of the vehicle and fired at the man numerous times .

Economists had expected an increase of about 205,000 jobs compared to the addition of 235,000 jobs originally reported for the previous month. This year's performance is 2.08% while this quarter's performance is -2.23%. The lower yields mean banks can't make as much money from lending, and that sent bank stocks lower. Silver edged up 1 cent to $16.36 an ounce. The Philadelphia semiconductor index fell 0.54 per cent.

Boeing rose 1.9% and Caterpillar gained 1.5%.

The Dow Jones industrial average lost 152 points, or 0.6 percent, to 24,347.

Body of missing CDC researcher found in Atlanta river
Doctors who've examined his body say there's no evidence of trauma or foul play, and they believe the cause of death is drowning. Police previously called his disappearance unusual but said there had been no indications of attack on Cunningham.

Despite big swings in stocks, trading activity in USA equity options was muted as expectations for strong corporate earnings quelled the urge to load up on contracts that benefit from a surge in market volatility.

Recommended:

  • Jersey Shore's Sammi Sweetheart Revealed Why She Didn't Return For MTV's Revival

    Jersey Shore's Sammi Sweetheart Revealed Why She Didn't Return For MTV's Revival

    Sorrentino, 35, pleaded guilty to tax evasion in January and agreed to a deal that could put him behind bars for up to five years. I have responsibilities now", Nicole said ahead of the April 5 premiere of Jersey Shore: "Family Vacation on MTV .
    Spider-Man PS4 Not Coming to Xbox One

    Spider-Man PS4 Not Coming to Xbox One

    Sony Interactive Entertainment and Insomniac Games have announced that Spider-Man will swing to the PlayStation 4 on September 7. Furthermore, Insomniac Games has discovered that the release date reveal will occur today within a pleasant and welcoming tweet.
    Concern over 'violent scourge' as London murder figures overtake NY

    Concern over 'violent scourge' as London murder figures overtake NY

    The Walthamstow crime scene, in Markhouse Road, is just over two miles (3.5km) from the site of the Tottenham killing. One neighbour, who did not want to be named, told how he rushed to help the victim when her friends raised the alarm.
  • Near record low temperature expected for Mariners game at Minnesota

    Near record low temperature expected for Mariners game at Minnesota

    Knebel threw a 95 miles per hour fastball for ball two, then stumbled to the ground and left with the assistance of trainers. The pregame festivities featured, among other things, a bald eagle landing on the field as a symbol for the United States.
    Virgin Galactic completes first supersonic mission since 2014 fatal test crash

    Virgin Galactic completes first supersonic mission since 2014 fatal test crash

    VSS Unity benefits from all the data and lessons gathered from the test program of her predecessor vehicle, VSS Enterprise . Although the VSS Unity has previously done many glide tests, this was the first time its rocket motor was turned on.
    Walker warns of 'Blue Wave' in Wisconsin

    Walker warns of 'Blue Wave' in Wisconsin

    Dallet defeated conservative Sauk County Circuit Judge Michael Screnock by an 11.5-percent margin, based on unofficial results. Scott Walker speaks at the Conservative Political Action Conference (CPAC) in National Harbor, Md., Feb. 23, 2017.
  • Steve Kerr blasts Warriors' effort in blowout; Kevin Durant disagrees

    Steve Kerr blasts Warriors' effort in blowout; Kevin Durant disagrees

    Warriors head coach Steve Kerr was not happy about his team's performance after the game ( Herald Bulletin): "Yeah, I'm mad". IN will be tasked with taking out another one of the league's top teams, the Toronto Raptors, Friday night.
    Mild Thursday, Warmer Friday, Storms Saturday?

    Mild Thursday, Warmer Friday, Storms Saturday?

    Behind this front temperatures are going to drop throughout the day on Saturday falling into the mid 50s during the afternoon. Tonight will be mostly fair and not as cold as last night; most places will see a low in the 40s early tomorrow morning.
    China Retaliates, Slaps Duties On US Soybeans, Beef

    China Retaliates, Slaps Duties On US Soybeans, Beef

    That has provoked anger in China , while there are doubts that the tariffs will succeed in changing Beijing's behaviour. Farm Belt, where voters supported President Donald Trump , according to people familiar with the plans for retaliation.
  • Trump praises Mexico for stopping migrant 'caravan'

    Trump praises Mexico for stopping migrant 'caravan'

    Jose Antonio Meade, from the ruling party, called on all candidates to "join in defense of sovereignty and national dignity".

    Black Panther Enters Top 10 Highest-Grossing Movies in Global Box Office

    Fans are now gearing up for the release of the newest Marvel film Avengers: Infinity War , which hits cinemas on April 23. Titanic now stands at $659.4, so you do the math.
    Jack Nicklaus' grandson aces final hole of Masters par-three contest

    Jack Nicklaus' grandson aces final hole of Masters par-three contest

    The world number 34 celebrated wildly, running down towards the green, but rolled his left ankle badly in the process. Jack Nicklaus' grandson, who was caddying for the six-time Masters victor , made a hole-in-one at No. 9.


Popular

South Korea's Ex-President Sentenced To 24 Years For Corruption
The former South Korean president will serve a 24 years jail term after a South Korean court on Friday delivered the verdict. Park, 66, who has been in jail since March 31 previous year , has denied wrongdoing and was not present in court.

Duterte shuts 'cesspool' tourist isle for six months
The government will provide "alternative and temporary" livelihood support to the workers who will be affected by the shutdown. Philippine tourism stakeholders had previously warned that closing Boracay would damage the whole of the country's tourism.

United States woman takes DNA test, discovers fertility doctor is her father
Ashby and Fowler met Mortimer in 1979, when they were a married couple residing in Idaho Falls, according to the lawsuit . It was the same doctor who delivered baby Kelli and looked after her mother for a few more years following the birth.

40000 civilians return home in Syria's Eastern Ghouta
After a brutal month-old offensive, Syria's government and its ally Russian Federation begin securing evacuation deals to clear out Eastern Ghouta.

North Carolina suing USA government over census question
Last month, the Justice Department filed a lawsuit to block three California laws that provide protections to undocumented immigrants.

Ex-Trump campaign chairman Paul Manafort challenges special counsel's authority
Downing said that he couldn't cite any cases and that his was the first challenge of its type. "Yes, of course", Downing said. Manafort has sought to have the case dismissed, arguing that the charges against him are outside of Mueller's authority.

Ted Nugent: David Hogg Has Been 'Brainwashed' And Is 'Consumed With Hate'
Students at Stoneman Douglas have been sharing pictures of their backpacks and expressing their frustration on social media . Parkland survivor Emma Gonzalez made sure she was heard loud and clear.

Lockheed Martin wins NASA Contract worth almost $250 Million
The design of the airplane is meant to reduce the "sonic boom" to a thump or a double-thump by the time it reaches the ground. Today, the agency announced their decision to award a development contract to Lockheed Martin Aeronautics Company (LMAC).

Max Holloway Wants To Find Out Who's Better At UFC 223
It marks the fourth different time that the UFC has tried, and failed, to book Ferguson vs Nurmagomedov. Max Holloway will enter this last-minute UFC 223 main event title fight on a 12-fight win-streak.

Will focus on expanding Nokia portfolio, retail presence in India: HMD Global
Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nokia 6 (2018 ) sports 5.5-inch FHD 1080p IPS display and packs Qualcomm Snapdragon 630 octa-core processor .