Wall Street closes lower after PCE report, debate - Breaking The News

Wall Street closes lower after PCE report, debate

28 June

1 min read

EPA-EFE/JUSTIN LANE

Major indexes on Wall Street ended Friday's session in the red as investors digested the latest PCE inflation figures, which indicated inflation is slowing down and continued to analyze the debate between United States President Joe Biden and his predecessor Donald Trump, as concerns over Biden's age and fitness increased, while Trump faced allegations of lying.

The Dow Jones lost 0.10% and the S&P 500 declined 0.40%. Nike led the losses on both indexes, slumping 19.98% after reporting disappointing results a day earlier.

The Nasdaq 100 fell 0.54%. The worst performer was Lululemon, whose shares slid 3.11%.

The euro gained 0.06% against the dollar to go for 1.07115 at 3:54 pm ET.

us markets

Dow up over 600 pts at close with geopolitics in focus

11 April

Wall Street equities traded with gains at the closing bell on Friday, ending a tumultuous week for the markets. Investors' focus shifted from the trade row between the United States and China to geopolitical events, with the Middle East and Ukraine in the spotlight.The US continued high-level diplomatic contacts with Russia while negotiations with Iran about its nuclear program were set to take place on April 12 in Oman, raising hopes in a diplomatic solution to the...

US bounces back, Dow rises 300 points

11 April

Major stock markets in the United States reversed course on Friday and traded in green territory after the news of the US and Ukraine reportedly restarting their mineral deal talks. The markets traded higher again after a turbulent session on Thursday amid trade war-fueled sell-off.The Dow Jones surged 0.88% or 342 points at 12:35 pm ET while the Nasdaq 100 jumped 1.14% a minute later. The S&P 500 went up 1.09% at the same time.On the currencies front,...

US opens lower after China raises tariffs again

11 April

Major Wall Street stock markets opened lower on Friday after China decided to raise the levy on goods from the United States from 84% to 125% in response to US President Donald Trump increasing the tariffs on Chinese imports to a cumulative rate of 145%. Investors also digested the newest report on producer prices in the country, which decreased by 0.4% in March.The Dow Jones Industrial Average dropped by 0.36% at the opening bell, with Walt Disney falling...

US futures reverse course, Dow jumps over 200 points

11 April

United States stock futures erased previous losses on Friday and moved into the green territory, although the trade conflict between the US and China escalated further after Beijing increased tariffs on US goods from 84% to 125%.The Dow Jones futures gained 0.57% or 227 points at 6:00 am ET. At the same time, the Nasdaq 100 futures advanced by 0.84%, and the S&P 500 futures improved by 0.77%.The euro traded 1.58% higher against the dollar at...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.