Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Stock Market Today, March 14: Dow Slumps On Trade War Woes

Published 03/14/2018, 05:03 AM
Updated 07/09/2023, 06:31 AM

Stocks opened higher on Wednesday morning, but U.S. indexes quickly slumped into the red on the back of continued concerns about an impending trade war. The 30-stock Dow Jones index led the day’s losses as Boeing (NYSE:BA) shares slumped thanks to new reports that President Trump wants to impose $60 billion of tariffs on Chinese goods, leading some investors to fear that the Asian powerhouse would target the aerospace behemoth in retaliation.

Major Indexes

Dow: 24,747.24 / -259.79 / -1.0%

Nasdaq: 7,496.81 / -14.20 / -0.2%

S&P 500: 2,749.59 / -15.73 / -0.6%

Zacks Rank #1 (Strong Buy) Top Movers

Value: Interserve Plc (OTC:ISVJY) - +14.1%

Growth: ISVJY

Momentum: Anglo American (LON:AAL) Plc (OTC:NGLOY) - +3.8%

VGM: ISVJY

Income: NGLOY

Top Headlines

Economic Metrics Baked in the Cake? PPI, Retail Sales & More

Ahead of today’s market open, we see two metrics on economic development: the Producer Price Index (PPI), also known as the “other shoe dropping” from yesterday’s Consumer Price Index (CPI), and Retail Sales for the month of February. Results were mixed, but neither was harrowingly out of range.

Why Is Square Stock Surging Today?

Shares of Square Inc. (NYSE:SQ) gained more than 4.5% in early morning trading Wednesday after a recent survey found widespread satisfaction among the payment company's merchants and highlighted new bitcoin-related opportunities that could be on the horizon.

Why Ford Stock Popped Despite Recalling 1.4 Million Vehicles

Shares of Ford (NYSE:F) moved higher on Wednesday after the American auto giant's latest analyst upgrade was enough to outweigh concerns over a new recall that could affect up to 1.4 million vehicles.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Breaking News: Cryptocurrencies Now Bigger than Visa

The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.

Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.

Click here to access these stocks. >>



Square, Inc. (SQ): Free Stock Analysis Report

Boeing Company (The) (BA): Free Stock Analysis Report

Ford Motor Company (F): Free Stock Analysis Report

ANGLO AMER ADR (NGLOY): Free Stock Analysis Report

INTERSERVE PLC (ISVJY): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.