Home > Wall Street Rises Despite Tariffs

Business
Wall Street Rises Despite Tariffs

Description

On Tuesday U.S. stocks rose led by gains in Apple and Amazon, as investors judged the latest tit-for-tat tariffs between the United States and China as less damaging than expected. Reuters reports the Trump administration’s selection of a lower 10 percent tariff and exclusion of Apple from the list of new tariffs convinced market players that it was going easy and giving U.S. companies enough time to prepare for a changing trade environment.

Added on the 18/09/2018 12:06:09 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Wall Street Rises On Interest Rate-cut Hopes

    According to Reuters, U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States’ decision to delay tariffs on Chinese goods lifted the mood. A Labor Department report showed nonfarm payrolls increased by 75,000 jobs last month, much smaller than the 185,000 economists polled by Reuters had forecast, suggesting the loss of momentum in economic activity was spreading to the labor market.

    07/06/2019 - Wochit
  • Wall Street Rises On Mexico Relief

    On Monday U.S. stocks extended their recent climb, with the Dow reaching its longest daily winning streak in 13 months after the United States dropped plans to impose tariffs on Mexican goods and a couple of multibillion-dollar deals boosted the market. Reuters reports that Mexico on Friday agreed to step up efforts to stem the flow of Central American migrants after Washington threatened to impose a 5% import tariff on all Mexican goods starting on Monday.

    11/06/2019 - Wochit
  • Wall Street Rises As Trade War Rhetoric Recedes

    Wall Streets top trading indexes added gains late in the day on June 6th. As trade worries eased throughout the day, the Dow Jones, S&P 500, and Nasdaq all started to climb. According to Mona Mahajan with Allianz Global Investors, the on-again-off-again trade war rhetoric coming from the Trump administration is off-again. In kind, the markets took off again after White House economic adviser Larry Kudlow stated tariffs would be a topic of conversation at the upcoming G7 summit. The Dow Jones Industrial Average gained 287 points on the day, while the S&P gained 19 points, and the Nasdaq Composite gained 39 points.

    06/06/2018 - Wochit
  • Wall Street Rises After Fourth Of July Holiday

    According to Reuters, the major trading indexes on Wall Street reported gains after the Fourth of July holiday. The Dow Jones Industrial Average jumped 182-points, with the Nasdaq reporting 83-points of gains, while the S&P 500 rose by 23-points. The top three indexes on Wall Street slumped into the new week on July 3rd, before recessing on July 4th. Earlier in the week talks of tariffs held the markets in check, but those concerns eased on July 5th, after the US and European Union discussed withdrawing tariffs on imported vehicles.

    05/07/2018 - Wochit
  • Yen Rises, Stocks Slip As U.S. Raises Trade Conflict Stakes

    TOKYO (Reuters) - The yen rose across the board on Wednesday and Asian stocks were poised to come under pressure after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, escalating the trade war. The United States had just imposed tariffs on $34 billion worth of Chinese goods on Friday, firing the first shots of a trade war. S&P 500 and Dow futures were down 0.73 percent and 0.83 percent, respectively, pointing to a lower open for Wall Street later in the day.

    11/07/2018 - Wochit
  • Wall Street Rises As Oil Jumps Following Gulf Tanker Attacks

    Reuters reports that U.S. stocks continued to climb on Thursday following two days of declines. The dip came as energy shares gained traction after oil prices rose due to concerns following the suspected tanker attacks in the Gulf of Oman. Crude prices rose as much as 4%, a day after hitting five-month lows. The S&P energy index jumped 1.18%, while shares of oil majors Exxon Mobil Corp and Chevron Corp rose 1% each.

    13/06/2019 - Wochit
  • After Trump Cancels Mexico Tariffs Markets Are Up

    According to Reuters, the markets on Wall Street are on the rise. By the afternoon on June 10th, the top three markets on the New York Stock Exchange were up more than half a percent. The Nasdaq Composite led gains during morning trading, rising 1.5-percent for 118-points. The Dow Jones Industrial Average added 145-points, pushing the market back above the 26,000 mark. The S&P 500 added about 1-percent for 23-points, with eight of its top eleven sectors trading higher.

    10/06/2019 - Wochit
  • Stocks Are Up After Trump Cancels Tariffs Against Mexico

    According to Markets Insider, stocks on Wall Street are trading up after President Donald Trump cancelled proposed tariffs against Mexico. On June 10th, the top three markets on the New York Stock Exchange were trading up over half a percent each. The Nasdaq Composite led gains during morning trading, rising 1.2-percent for 92-points. The Dow Jones Industrial Average added 107-points, while the S&P 500 tacked on about 17-points.

    10/06/2019 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
Business

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24