US stocks opened lower on Tuesday, as investors turned skeptical of the chances of a breakthrough in the US-China trade talks, while a flattening US yield curve raised fears of a slowing domestic economy.
At 1:16 pm ET the Dow Jones Industrial Average was down 565.16 points, or 2.19%, at 25,261.27, the S&P 500 was down 62.55 points, or 2.24%, at 2,727.82 and the Nasdaq Composite was down 196.65 points, or 2.64%, at 7,244.86. The S&P 500 lost 2.8 percent of its value, and the Nasdaq fell by 3.3. percent. This article is strictly for informational purposes only.
Large banks were among the big losers, with JPMorgan Chase shedding 4.4 per cent, Bank of America losing 5.4 per cent and Citigroup 4.4 per cent. The 10-year yield is still higher, but not by much.
For Capital Economics, "we doubt that the ceasefire agreed between Presidents Trump and Xi in Buenos Aires will mark a real turning point in the trade war". The falls came on the back of doubts of a trade deal being reached between the USA and China. On Monday, the three-year Treasury yield also exceeded the five-year. USA futures also augured a downbeat start for Wall Street after markets were closed Wednesday to mourn the death of former President George H.W. Bush.
Trump, in a series of Twitter posts, threatened to slap a range of import penalties on Chinese products if they did not make major changes in their economic relationship with the United States.
The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits.
USPS limiting service Wednesday to mourn George HW Bush
The images come just days after Sully's Instagram account shared a photo of the visibly sad pup in front of Bush's casket . Bush and his wife greeted the Trumps outside before everyone went in for the private, 20-minute visit.
The jitters helped drive demand for government bonds today, pushing prices higher. The slide in bond yields, which affect interest rates on mortgages and other consumer loans, weighed on bank stocks.
Chipmakers were among the biggest decliners in a technology sector slide. Advanced Micro Devices dropped 10.9 percent to $21.12, while Micron Technology lost 7.9 percent to $36.88.
Homebuilders fell after luxury homebuilder Toll Brothers issued a cautious assessment of the housing market.
The price of oil is really in bear territory. Benchmark U.S. crude gained 0.6 percent to settle at $53.25 per barrel in NY. Brent crude, the worldwide standard, added 0.9 percent to $62.22 per barrel in London.
CURRENCY: The dollar gained to 112.95 yen from Wednesday's 112.78 yen. Toll's shares slid 1.6 percent to $32.99. The euro was flat at $1.1345.
The Dow lost 574 points, or 2.2 percent, to 25,253. The Shanghai Composite index dropped 1.7 percent to 2,605.18.
He also completed 5000 runs in Test cricket in his 65th match and 108th innings, becoming only the 12th Indian batsman to do so. Their top-order batsmen brought about their own downfall by attempting expansive drives only to be caught in the slip cordon.
Quite an odd villain, Mysterio relies on more of a smoke and mirrors approach in trying to defeat his spider-nemesis. Spider-Man: Far From Home is a sequel to 2017's Spider-Man: Homecoming and is due to be released in July 2019.
As of now, three donors have been located, one of whom is from the United Kingdom. "This was the worst thing we were expecting". The only people who are likely to be a match for Zainab are people of Pakistani, Indian or Iranian descent, OneBlood said.
The arrest occurred on the same day that US President Donald Trump and Xi struck the trade war truce at a summit in Argentina. Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business .
Chopra's brother-in-law Joe Jonas and his fiancee, actress Sophie Turner condemned the piece in Twitter . Initially, editors of The Cut said it took down the article as it did not meet "editorial standards".
If you have not yet voted on your favorite games, there is still time (as of this writing) to do so at The Game Awards website . New Dragon Age Teased BioWare teased a new Dragon Age game in a brief teaser, which ended in the hashtag #TheDreadWolfRises.
The National Weather Service reportedly deployed teams on Sunday to assess the damage and measure the strength of the twisters. Meteorologists in Arkansas have confirmed that at least three tornadoes developed from severe thunderstorms on Friday night.
Costa Rican authorities have discovered a body near the area where US resident Carla Stefaniak disappeared last week. Ms Stefaniak had planned to fly back to the United States the following day but never arrived for her flight.
Nauert joined the State Department past year after a career as a television anchor and correspondent at Fox News. Shut out from the top by Tillerson and his inner circle, Nauert developed relationships with career diplomats.
Theresa May told to delay Brexit vote
The House of Commons leader, Andrea Leadsom, also told parliament the vote would go ahead on December 11. But lawmakers who attended the meeting said he did not offer a solution to persuade them to back it.
HBO drops first teaser of Season 8
The creators of Game of Thrones have released a teaser for the final season of the cult show and it has sent fans into meltdown. It's a tease of a battle brewing between Dany, the North, the Lannisters, and the Night King we expect to occur next season.
Kevin Hart Steps Down as Oscar Host
I'm thinking about what I did as a dad, did I do something wrong, and if I did, what was it? Murphy soon after exited, as well. On the 4th of December, Tuesday, the 39-year-old comedian said he would be at the helm of the Oscars next year. "I've done it.
Huawei arrest: China demands release of Meng Wanzhou
Later, the foreign ministry said it was still waiting for details on why she was arrested, and said trade talks should continue. 'As there is a publication ban in effect, we can not provide any further detail at this time. "The ban was sought by Ms Meng".
Google is shutting down Allo, to no one’s surprise
Messages is getting all the fancy RCS-based Chat features, works on the web , and is already pre-loaded on many phones. With Hangouts and Allo out of the way, Google may finally have a straightforward approach to messaging.
New test can detect all types of cancer within minutes
If DNA from cancer cells is then added, it sticks to the nanoparticles in such a way that the water retains its original colour. Additionally, the research was supported by a National Breast Cancer Foundation grant to advance cancer diagnosis testing.