Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Industrial Average Slips as Emerging Market Troubles Shake Investors
https://mney.co/2NAlEIG
Required Please enter the correct value.
Twitter
Stocks: amzn, ANF, CPB, DG, DLTR

Dow Jones Industrial Average Slips as Emerging Market Troubles Shake Investors

By Garrett Baldwin, Executive Producer, Money Morning • August 30, 2018

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

The Dow Jones Industrial Average fell 60 points this morning as global markets monitored a sudden decline in emerging market currencies. The Argentine peso slumped to a new record low against the U.S. dollar on Thursday. The Argentine government is asking for the International Monetary Fund to expedite a $50 billion lifeline that was negotiated earlier this year.

It was the largest one-day decline since Argentina allowed its currency to float in 2015. A 7% slump in the peso yesterday extended pressure on currencies of other emerging markets like Turkey. However, investors shouldn't panic over Turkey's decline...

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 26,124.57 60.55Ā Ā  0.23%
Nasdaq 8,109.69 79.65Ā Ā  0.99%
S&P 500 2,914.04 16.52Ā Ā  0.57%

Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

"Federal Rent Checks": Thanks to an obscure law, over 100 government agencies are required to pay rent. By following a simple investment strategy, you could receive checks of up to $1,795 every month. Read more...

The Top Stock Market Stories for Thursday

  • Trade is back in focus as markets grow increasingly optimistic that a new version of NAFTA could arrive as early as Friday. Just days after the United States and Mexico reached a bilateral deal on trade, Canadian officials returned to Washington to discuss the deal. President Trump has threatened to move ahead without Canada if the nation drags its feet. Canada ships 75% of its goods to the United States, and an uptick in tariffs would likely cause harm to its markets.
  • dow jones industrial averageInvestors around the globe are concerned about trade relations between the United States and China as the latter has seen the impact of tariffs on its economy in recent weeks. A new report from Reuters showed that manufacturing activity in China cooled for the third consecutive month in August. And this is just a month before a new round of tariffs hits another $200 billion in Chinese goods.

Money Morning Insight of the Day

We are deep into earnings season. And if you're looking to make real money, the time to get started is now. Money MorningĀ Quantitative Specialist Chris Johnson argues that the markets are at a tipping point. And with just a few smart plays in today's classic stock picker's market... you can pull in triple-digit gains with just a small investment. Read those picks right here.

[pa_button slug="before-the-bell-preview"]Morning Market Alert[/pa_button]

Stocks to Watch Today: AMZN, CPB, ANF

  • Amazon.com Inc. (Nasdaq: AMZN) is now sitting just shy of the $1 trillion market after the stock added 3% before the bell Thursday. The stock has doubled over the last year and is on the verge of cracking the $2,000-per-share level. The stock has rallied as it has pursued profitability at the expense of growth in recent quarters, a departure from its earlier years as an expanding, do-it-all e-commerce company.
  • Shares of Campbell Soup Co. (NYSE: CPB) fell 1.2% in pre-market hours after the firm reported earnings and revenue before the bell. The consumer goods firm matched earnings per share expectations of $0.28 but fell short of the $2.243 billion in revenue forecast by Wall Street. The stock has been under significant pressure in 2018, falling 25%, while its CEO stepped down from the position in May. The firm said today that it plans to divest two international business divisions and its fresh foods business.
  • Look for earnings reports from Abercrombie & Fitch Co.Ā (NYSE: ANF), Dollar General Corp. (NYSE: DG), Dollar Tree Inc.Ā (Nasdaq: DLTR),Ā Michaels Co. Inc.Ā (NYSE: MIK), American Outdoor Brands Corp.Ā (Nasdaq: AOBC), andĀ Lululemon Athletica Inc.Ā (Nasdaq: LULU).

FollowĀ Money Morning on Facebook,Ā Twitter, andĀ LinkedIn.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

March 29, 2023 • By Chris Johnson

Commercial Real Estate is Feeling the Aftershocks of the Financial Crisis

March 29, 2023 • By Kenny Glick

Here's How You Can Find a New Trade If You Just Missed Your Entry

March 29, 2023 • By Garrett Baldwin

It's Not You... It's the Market
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz