Stocks drop on Trump trade remarks.

U.S. stocks fell from a record high as President Donald Trump said he could impose more tariffs on China. Treasuries dropped and the dollar rose.

Goldman Sachs Group Inc. jumped on better-than-estimated results in its trading unit, and JPMorgan Chase & Co. rebounded from losses triggered by a disappointing lending outlook. Benchmark 10-year yields climbed on solid data, then pared their surge after Federal Reserve Chairman Jerome Powell said the central bank “will act as appropriate” amid increased uncertainties.

“Trade’s a big, big issue,” said Dave Campbell, a principal at San Francisco-based BOS, which manages about $4.5 billion. “There’s a lot of uncertainties — all of these are weighing on people’s minds right now.”

The euro slipped as investor confidence in Germany’s economic fell.

The pound slumped as the market once again reckoned with no-deal Brexit risk.


Source: Bloomberg




Discover more about online trading and how to gain profit through the market following our free courses here.



Read more…

Central Banks Launch Growth Mission

Federal Reserve Chairman Jerome Powell Concerned About Global Economy Risk Rise

Bitcoin Traded Above $11000

NASDAQ 100: Waiting The Fed Meeting, Investors Bet On Interest Rates Cuts

Follow Us

Contact UsTerms and ConditionsPrivacy Policy

The information and content held within this website has been created by Broker Academy Online and are for educational purposes only. Trading online activities offer no guarantee of earnings. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Trading online can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money.