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Related: About this forumSTOCK MARKET WATCH - Monday, 2 December 2019
STOCK MARKET WATCH, Monday, 2 December 2019
Previous SMW:
SMW for 29 November 2019
AT THE CLOSING BELL ON: 29 November 2019
Dow Jones 28,051.41 -112.59 (0.40%)
S&P 500 3,140.98 -12.65 (0.40%)
Nasdaq 8,665.47 -39.70 (0.46%)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
(click on links for latest updates)
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Currencies:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
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STOCK MARKET WATCH - Monday, 2 December 2019 (Original Post)
Tansy_Gold
Dec 2019
OP
Dow sinks 200 points after Trump resurrects steel, aluminum tariffs, renewing global trade worries
mahatmakanejeeves
Dec 2019
#1
mahatmakanejeeves
(56,874 posts)1. Dow sinks 200 points after Trump resurrects steel, aluminum tariffs, renewing global trade worries
Business
Dow sinks 200 points after Trump resurrects steel, aluminum tariffs, renewing global trade worries
President Trump surprised markets by reinstating steel and aluminum tariffs on Brazil and Argentina
By Taylor Telford
Dec. 2, 2019 at 11:40 a.m. EST
U.S. markets got a rocky start to December, with the Dow Jones industrial average down nearly 200 points amid poor manufacturing data and renewed global trade tensions that threaten to fizzle out recent record-breaking runs.
November was a blockbuster month for Wall Street, as strong earnings and trade hopes yielded 10 record-breaking closes for U.S. indexes. The Standard & Poors 500 is now up 25 percent for the year heading into a period thats typically high-performing for stocks. December could also bring progress on the trade front, as the terms of an agreement by the United States, Mexico and Canada could be finalized, while resolution on the first phase of a trade deal with China continues to flit in and out of reach.
The trade picture darkened Monday after President Trump announced on Twitter that he would reinstate steel and aluminum tariffs on Brazil and Argentina. He accused the two nations of weakening their currencies to gain competitive advantage against the U.S., an oft-repeated rebuke that hes cited in his ongoing push for lower or even negative interest rates from the Federal Reserve.
....
Taylor Telford is a reporter covering national and breaking news. Follow https://twitter.com/taylormtelford
Dow sinks 200 points after Trump resurrects steel, aluminum tariffs, renewing global trade worries
President Trump surprised markets by reinstating steel and aluminum tariffs on Brazil and Argentina
By Taylor Telford
Dec. 2, 2019 at 11:40 a.m. EST
U.S. markets got a rocky start to December, with the Dow Jones industrial average down nearly 200 points amid poor manufacturing data and renewed global trade tensions that threaten to fizzle out recent record-breaking runs.
November was a blockbuster month for Wall Street, as strong earnings and trade hopes yielded 10 record-breaking closes for U.S. indexes. The Standard & Poors 500 is now up 25 percent for the year heading into a period thats typically high-performing for stocks. December could also bring progress on the trade front, as the terms of an agreement by the United States, Mexico and Canada could be finalized, while resolution on the first phase of a trade deal with China continues to flit in and out of reach.
The trade picture darkened Monday after President Trump announced on Twitter that he would reinstate steel and aluminum tariffs on Brazil and Argentina. He accused the two nations of weakening their currencies to gain competitive advantage against the U.S., an oft-repeated rebuke that hes cited in his ongoing push for lower or even negative interest rates from the Federal Reserve.
....
Taylor Telford is a reporter covering national and breaking news. Follow https://twitter.com/taylormtelford