U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average DJIA, -1.51% fell 316 points, or 1.3% at 25,914, the S&P 500 index SPX, -1.62% fell 1,4% at 2,881, while the Nasdaq Composite Index COMP, -1.96% declined 1.6% lower at 7,861.
Trump ordered "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA." The losses erased weekly gains for the S&P 500 and the Nasdaq while the Dow was clinging to a 0.2% gain. The Trump statement comes after the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow jumps more than 200 points, Target and Lowe's surge on strong earningsAll 3 major U.S. indices rose today after retailers such as Target and Lowe's reported strong earnings, lifting investor sentiment. The Dow climbed 0.93% as the S&P popped 0.83% and Nasdaq climbed 0.9%. Yes cause the kiddies are going back to school Consumer spending is a lagging indicator especially at Target, with these low interest rates, etc.
Source: CNBC - 🏆 12. / 72 Read more »
Dow ends with 200-point gain after Fed minutesU.S. stocks ended higher on Wednesday after the minutes from the Federal Reserve's July meeting showed the U.S. central bank wanted to retain flexibility...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow ekes out gain as bond market flashes another recession warningPresident Trump says the economy is “doing really well,” even though a major indicator of recessions, the yield curve, inverted for the third time since last Wednesday. CNN’s Boris_Sanchez reports. Boris_Sanchez Indicators like those that said Hillary would win by a landslide? Those indicators, I.E.poles that were guaranteed to have Hillary as the winner. Those polls? Those indicators? You’re, um, trustworthy indeed… LOL Boris_Sanchez Trump just said he 'doesn't see a recession'. But Trump is wrong about pretty much everything. Boris_Sanchez The yield curve has been on a downward trend for close to 5 years. So were you lying about a good economy during the last president? Why the big deal now
Source: CNN - 🏆 4. / 95 Read more »
Exploring Jewishness, Nostalgia, and Intolerance in the Age of TrumpThe rise of anti-Semitism sent Leslie Camhi back to a beloved film in which actor Dominique Sanda played a paragon of elegance, tolerance, and pride. This film has been haunting me lately, especially when wealthy, privileged people think they are above and exempt from persecution.
Source: VogueRunway - 🏆 705. / 51 Read more »
Trump Adviser Says White House Could Propose Tax Cuts Before 2020 ElectionLawrence Kudlow, the president’s top economic adviser, said a middle-class tax-cut proposal could be unveiled during the 2020 presidential campaign, adding a new layer to conflicting messages from the Trump administration. I heard he gets paid in cocaine. They look like a juggler running out of hands. What a joke this administration is
Source: WSJ - 🏆 98. / 63 Read more »
Tim Cook has found the 'recipe' for a positive relationship with Trump, says Yale's Jeff SonnenfeldApple CEO Tim Cook has found the 'recipe' for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday. orange and apple, making it work It's called Brown-nosing Ass kissing is involved.
Source: CNBC - 🏆 12. / 72 Read more »