When the White House announced it would impose a 10% tariff on all steel imports from China earlier this year, Wall Street feared that it would hurt the manufacturing sector's bottom line.
With quarter two earnings rolling out, it looks like Wall Street's worst fears are coming true.
The Dow Jones today jumped in premarketed trading after the U.S. Labor Department announced that the U.S. economy added 157,000 jobs in July.
That figure fell short of the 190,000 spots that economists had projected.
It was also the lowest increase in positions since March 2018.
The Dow Jones today The Dow Jones was off more than 100 points in premarket hours after Boeing Co. fell short of earnings expectations.
The company slashed its 2018 earnings outlook to a range of $14.30 to $14.50. Wall Street had projected a consensus outlook of $14.56.
Boeing shares are down 3.4% this morning.
The Dow Jones today fell over 50 points in premarket trading as President Trump continues to scramble the nation's international trade balance.
The Dow Jones today moved higher in premarket trading as markets continued to react to news that the White House may be rolling back retaliatory trade measures against China in an effort to smooth trade negotiations.
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The Dow Jones today surged more than 350 points after China's President Xi Jinping announced plans to "open" the nation's economy to foreign imports and regulation.
The Dow Jones today traded 170 points higher in premarket hours as investors took stock of Monday's brutal selloff.
The Dow fell 458 points to start the second quarter as investors grow more concerned about a potential trade war between the United States and China.
The Dow is now trading down over 4% for the year.
The Dow Jones today traded over 200 points lower in pre-market trading after White House economic advisor Gary Cohn announced his resignation. Cohn resigned in the wake of President Trump's decision to move forward with plans to place tariffs on steel and aluminum imports.
Markets are reeling after President Trump announced sweeping steel tariffs last week. However, we think Wall Street is getting ahead of itself. You see, the process of implementing steel tariffs isn't as easy as you might think. That's why we're bringing you the best two stocks to buy so you can ignore the noise and invest successfully.
