The Dow Jones Industrial Average and S&P 500 are under pressure as concerns about Chinese and U.S. trade relations reemerged on Thursday.
According to reports, President Donald Trump and Chinese President Xi Jinping are unlikely to meet in coming weeks and strike a deal before the March 1 deadline for a deal. China’s economy is already struggling due to the ongoing trade spat, and concerns about U.S. growth continue to rattle domestic sentiment.
The Dow Jones Industrial Average was down 150 points in premarket trading as markets raised new concerns about the health of the European Union's economy.
This morning, the European Commission cut its growth outlook for the world's largest economic bloc due to ongoing trade concerns and other factors. Its growth rate is dismal – clocking in at just 1.3% for 2019, down from 19% from last year. The report raises new concerns about further global economic slowdown.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
by Tim Melvin
Last week, we talked about what the "too-big-to-fail" banks were saying on their earnings calls.
Now, investors have to know what these mega-banks are up to, because they're the 800-lb gorillas of the market, but I don't own a single one of those.
As I mentioned a couple of weeks ago, I like regional banks, because they offer what I like the most: unreasonably good returns.
Naturally, I never miss an earnings call from these guys.
Especially on the first earnings call after the biggest tax reform since 1986 has been passed.
by David Zeiler
Several voices in President-elect Donald Trump's circle of economic advisers have expressed support for putting the United States back on the gold standard for the first time since 1971.
The idea has the support of several prominent GOP lawmakers. Trump himself talked about it during the campaign. That means a return to the gold standard may well become an issue in 2017.
But much has changed since 1971.
Here's why turning back the clock is easier said than done...
