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Wall Street finishes down on U.S.-China tensions

Wall Street finishes down on U.S.-China tensions

5/21/2020 11:15:00 PM

Wall Street finishes down on U.S.-China tensions

Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.

3 Min Read(Reuters) - Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world’s two largest economies.The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon

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President Donald Trump said the United States would react strongly if China imposes national security laws for Hong Kong in response to last year’s often violent pro-democracy protests. [nL4N2D32O6][nW1N2BH00Q]Earlier, Secretary of State Mike Pompeo criticized Beijing’s handling of the coronavirus outbreak, while a Chinese official said the country will not flinch from any escalation in tensions. [nL1N2D21SJ] [nL4N2D33D3]

“It seems like China is going to be used as a punching bag for the upcoming elections,” said Bob Shea, CEO and co-chief investment officer at TrimTabs Asset Management in New York.“The White House has resolved to itself that it is more effective to swing at China than to salvage what was going to already be a watered-down Phase 1 trade deal. You don’t score any points for that,” Shea said.

The S&P 500 has surged over 30% from its March low, but it remains down about 13% from its Feb. 19 record high. Almost half of S&P 500 stocks are down 20% or more since Feb. 19, underscoring how uneven the recovery has been. Read more: Reuters Top News »

Breakingviews - Corona Capital: China on Wall Street, Wind power(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Breakingviews I believe the stable genius has informed us that windmills cause cancer, because he 'just knows stuff.' Also, Clorox makes for a good morning gargle... Breakingviews You should be buying Elon Musk's new venture, cryptocurrency EWT Energy Web Token, it doubled in price on the news, come to find out they have major power grid partners globally! Breakingviews But windmills cause cancer.

U.S. stock futures tick higher as Wall Street looks to extend week's rallyFutures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening as investors looked to extend Wall Street's robust gains so far this week. This is getting beyond ridiculous now 👍

Wall Street climbs as investors hold out for recovery; Nasdaq at three-month highWall Street's main indexes surged and the Nasdaq hit its highest level in three months on Wednesday as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors. notgonnahappen sellnow 😂😂😂😂😂😂 too late

Stocks open higher on Wall Street a day after a late slide Stocks open broadly higher on Wall Street as investors regain their confidence following a sudden drop a day earlier. Big-name investor favorites like Facebook, Apple and Amazon helped pull the market higher. thank goodness, we're all safe now That's terrific. I would hate for investors to not feel confident while people are dying and have no money to pay their bills. I don’t think you know what broadly means.

Asia Pacific stocks set to trade higher following overnight Wall Street surgeOvernight on Wall Street, the S&P 500 advanced 1.7% to 2,971.61, its highest closing level since March 6. Shit floats during a flood of water. Shit stocks float during a flood of digital money. Better find a digital Ark. World’s Greatest Illusionist: The Federal Reserve Watch as the curtain is pulled back on the Wizard of Eccles

Wall Street climbs on stimulus hopes, as S&P, Nasdaq hit multi-month highsThe three major averages on Wall St. notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve. It's the Free-Will right of any person, to invest in the stock market. Most Financial Advisors do however suggest, at least some degree of investment diversification. Always Consider Some Form of Reality: Gold Silver Fine Art (Reality Art) Choose to Be Wise. Unless you are a 1%er, the market is not the economy. And if you are, you’re not unemployed. Still off significantly since January high. Take out Amazon, Facebook, Google, Microsoft from the Nasdaq and stocks down as much as 25%. You are failing to go below the surface and report the full story, much of which is pretty bleak in the short to medium term. Still a 💩 show.