Stocks - Wall Street Pauses to Digest Trade News By Investing.com

Stocks - Wall Street Pauses to Digest Trade News

Stock Markets Nov 21, 2019 09:39AM ET

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Stocks - Wall Street Pauses to Digest Trade News

Investing.com – Wall Street was leery on Thursday after the South China Morning Post reported that upcoming trade tariffs on Chinese goods are likely to be delayed, even if Washington and Beijing fail to sign a deal by Dec. 15, when they are expected to take effect.

The Dow was down 40 points or 0.2% by 9:36 AM ET (13:36 GMT), while the S&P 500 inched down 3 points or 0.1% and the Nasdaq composite fell 10 points or 0.1%.

Citing sources on both sides, the South China Morning Post reported that the two countries were close to a “phase one” trade deal but were being held up by agreements on tariff removals. The paper added that even if a deal is not signed by Dec. 15, expected tariffs on electronic goods will likely be delayed.

Investors have been cautious this week as it became apparent that the two superpowers are at an impasse over the trade deal.

Meanwhile, TD Ameritrade Holding Corporation (NASDAQ:AMTD) surged 20% after reports that The Charles Schwab Corporation (NYSE:SCHW) is in talks to buy its smaller rival, while Tiffany & Co (NYSE:TIF) gained 3% after reports that LVMH (PA:LVMH) had raised its offer for the company to $130 per share.

Macy’s Inc (NYSE:M) tumbled 4.1% after the company cut its annual profit forecast for the second time this year and posted a bigger-than-expected fall in comparable store sales. Advanced Micro Devices Inc (NASDAQ:AMD)was down 2.5% on an analyst downgrade.

The U.S. dollar index, which measures the greenback against a basket of six major currencies, was down 0.1% to 97.760 and gold futures slipped 0.3% to $1,469.75 a troy ounce. Crude oil futures jumped 1.2% to $57.70 a barrel.

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Comments (2)

TwoGood Nov 21, 2019 10:41AM ET

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again ?

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Believe Raymond Nov 21, 2019 10:16AM ET

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Really like what is coming up will be interesting to see how phase one will work

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US 30	33,753.6	+416.9	+1.25%
US 500	4,278.5	+71.2	+1.69%
Dow Jones	33,761.05	+424.38	+1.27%
S&P 500	4,280.15	+72.88	+1.73%
Nasdaq	13,047.19	+267.27	+2.09%
S&P 500 VIX	19.53	-0.67	-3.32%
Dollar Index	105.550	+0.556	+0.53%

Crude Oil WTI	91.88	-2.46	-2.61%
Brent Oil	98.01	-1.59	-1.60%
Natural Gas	8.780	-0.094	-1.06%
Gold	1,818.40	+11.20	+0.62%
Silver	20.835	+0.486	+2.39%
Copper	3.6783	-0.0282	-0.76%
US Soybeans	1,452.50	+4.50	+0.31%

SPDR S&P 500	427.10	+7.11	+1.69%
iShares Russell 2000	200.36	+4.01	+2.04%
Invesco QQQ Trust	330.39	+6.31	+1.95%
Direxion Daily Junior Gold Miners Bull 2X Shares	37.86	+1.65	+4.56%
iShares Silver	19.17	+0.50	+2.68%
ProShares Ultra VIX Short-Term Futures	9.11	-0.15	-1.62%
ProShares UltraPro QQQ	37.98	+2.03	+5.65%

Apple	172.12	+3.63	+2.15%
Alphabet A	121.68	+2.84	+2.39%
Tesla	900.09	+40.20	+4.67%
Amazon.com	143.55	+2.91	+2.07%
Netflix	249.30	+6.60	+2.72%
Meta Platforms	180.50	+3.01	+1.70%
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Stocks - Wall Street Pauses to Digest Trade News

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