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
    • AI 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
    • Postcards
Login Archives 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
    • AI 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
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Dow Jones
Stocks: BA, DAL, GM, HAL, PCG

Dow Jones Industrial Average Slides as Trade Uncertainty Fuels Headlines

By Garrett Baldwin, Executive Producer, Money Morning • October 10, 2019

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Garrett BaldwinGarrett Baldwin

The Dow Jones Industrial Average is on the decline ahead of trade discussions between the United States and China. This is after an absolutely stunning period of overnight trading. Details below.

I've also got the latest on the new U.S.-Mexico-Canada free trade agreement.

But first, here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 26,346.01 +181.97 +0.70
S&P 500 2,919.40 +26.34 +0.91
Nasdaq 7,903.74 +79.96 +1.02

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

The Top Stock Market Stories for Thursday

  • It's very clear that media around the globe are hearing different stories about the trade progress between the United States and China. The South China Morning Post reported that deputy level discussions this week have failed to make progress. The report also noted that China's Vice Premier Liu Hu plans to depart Washington a day early and that China will not discuss technology transfers. However, CNBC - citing the White House - said that these reports were inaccurate. Senior officials have said that Liu is set to depart on Friday after a delegation dinner scheduled for this evening. Tensions are very high and the stakes for a framework are even higher.

This Investing Trend Has Made Millions for Decades: In 1968, one tech IPO could have turned $50 into $5 million. Click here to see how they did it.

  • In other trade news, Bloomberg has reported that the United States is considering a plan to suspend its planned tariff increase on China next week. Tariffs on $250 billion in Chinese imports are set to increase from 25% to 30% on Oct. 15. The White House also plans to add another 15% tariff on an additional $160 billion in Chinese goods on Dec. 15. Meanwhile, The New York Times reports that the Trump administration is considering a plan to make some concessions on the Huawei ban. It's very clear that the media's views are erratic and uncertain. Be sure to check back with me tomorrow as I dig deeper into the events and progress around trade.
  • Finally, lost in the shuffle is the news that the new United States, Mexico, Canada free trade agreement is now likely off the table for 2019. This morning, AFL-CIO president Richard Trumka said it would be a disaster for House Democrats to bring this new treaty to a vote this fall. The AFL-CIO is very upset about the lack of mechanisms to address Mexican labor standards in the deal. The news comes at the same time that General Motors Co. (NYSE: GM) workers enter another week of their strike. It appears that the impeachment inquiry has sucked all of the goodwill out of Congress.

Stock to Watch Today: DAL, BA, PCG, HAL

  • Shares of Delta Air Lines Inc. (NYSE: DAL) fell nearly 3% after the company reported earnings before the bell. The dip in the stock price came despite news that the firm topped profit estimates and air travel increased in the third quarter. The firm reported earnings per share of $2.32 versus estimates of $2.26. Revenue increased by 5% to $12.56 billion, a figure that was just under Wall Street estimates. The company does not fly the 737 Max jet, so it was not impacted by the ongoing grounding of the Boeing Co. (NYSE: BA) jet.
  • Shares of PG&E Corp. (NYSE: PCG) are off 31% this morning after a bankruptcy judge announced the embattled utility can explore alternative restructuring plans. The news comes as the company plans to have electricity blackouts for several days across dozens of California counties. The company - and the state government - are seeking to prevent additional wildfires and the downing of power lines due to high winds. The blackouts will leave about 2 million people in the dark this week.
  • Halliburton Co. (NYSE: HAL) is the latest company to announce more layoffs. The firm will slash 650 oilfield service jobs across Wyoming, New Mexico, Colorado, and North Dakota. The company cited weak oil prices and investor demands for higher returns as reasons for the layoffs. The new cuts come after the firm planned to slash 8% of its workforce earlier this year.
  • Look for additional earnings reports from International Speedway Corp. (NASDAQ: ISCA) and OMNOVA Solutions Inc. (NYSE: OMN).

America's Favorite Angel Investor Shows How Easy It Is for Anyone to Invest in Ground-Floor Startups

You've probably seen stories about this person or that person making an absolute fortune from some unknown startup suddenly becoming a household name... like Uber, Airbnb, SpaceX, or Bird.

Now, it's your turn.

Shark Tank's Robert Herjavec is showing how easy it is for anyone to turn as little as $50 into what can be life-changing windfalls... all from investing in startups.

Click here to learn more...

Follow Money Morning on Facebook and Twitter.

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles |

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

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 15, 2023 • By Shah Gilani

We're Headed for a Second Banking Crisis - Here's What to Do

September 14, 2023 • By Tom Gentile

Tulips Are the Secret to Trading the Next 300% Rally in AI

September 14, 2023 • By Chris Johnson

Tulips Are Telling Me How To Trade the Next 300% rally in AI
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 Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 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