Dow industrials down more than 300 points at Thursday's opening bell
10 April, 2018, 19:17 | Author: Regina Lloyd
Experts say the latest threat from China - a plan for tariffs on $50 billion worth of U.S. exports - could be an effort to push the United States into negotiating a deal to defuse the trade spat.
The S&P 500 Index plunged more than 2 per cent and all 30 members of the Dow Jones Industrial Average retreated as President Donald Trump ordered a review of additional tariffs that prompted an aggressive response from China. The index briefly fell more than 750 points.
Trump, in a statement, said he proposed the additional tariffs "in light of China's unfair retaliation" against earlier USA actions that included $50 billion of tariffs on Chinese goods.
Wary investors had been holding out hope that the two sides will reach a deal before the proposed trade barriers go into effect. Even though investors are optimistic about the state of the global economy and company profits continue to grow, Nixon said the administration is creating the thing investors hate the most: uncertainty.
Stocks were mostly unaffected by the March jobs report, which showed that the United States economy added 103,000 positions, down from a much bigger gain in February and well below what analysts were expecting. The Labor Department also said fewer jobs were added in January and February that it initially estimated. The economy saw the addition 103,000 nonfarm jobs as the unemployment rate held at 4.1%, its lowest since 2000.
The losses wiped out the major indexes' gains for the week, with the S&P 500 down 1.7% and the Nasdaq down 2.2% as investors moved into haven assets such as bonds and gold.
The next chart highlights that the 10-year yield has spent the majority of the past 25-years inside of a falling channel.
Gold rose $7.60 to $1,336.10 an ounce. Copper fell 2 cents to $3.06 a pound. PayPal dipped $2.63, or 3.4 percent, to $74.32.
The dollar fell to 106.86 yen from 107.12 yen. The FTSE 100 in Britain lost 0.2 per cent. The euro rose 0.4 per cent to $1.2286, the British pound gained 0.7 per cent to $1.4094, while the Japanese yen rose 0.5 per cent to 106.895.
Zuckerberg also was meeting with lawmakers on Monday and plans to appear at a Senate committee hearing on Tuesday. During a rare press conference last week, Zuckerberg was grilled by journalists over Facebook's privacy lapses.
Charlotte Flair and Asuka put on a fantastic display of pro wrestling with brilliant athleticism involved. But in a couple of major twists, Lesnar easily destroyed and defeated Reigns to retain his championship.
They are unable to digest that a poor person born into a backward family is serving as Prime Minister", PM Modi to BJP carders. Recalling the foundation of the BJP, Modi said: "BJP was born Mumbai in extremely tough circumstances.
An automatic alarm alerted the New York City Fire Department (FDNY) to the fire engulfing the apartment on the high-rise building. Police identified the man killed as Todd Brassner , 67, a resident of the building's 50th floor.
Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Inc. now owns 403 shares of the e-commerce giant's stock worth $390,000 after buying an additional 3 shares in the last quarter.
Also present with Najib during the telecast was deputy prime minister Datuk Seri Ahmad Zahid Hamidi and other Cabinet ministers. Transactions related to 1MDB are under investigation in six countries including the US, Singapore and Switzerland.
Trump appeared to be referring to the unsafe journey migrants often take through Central America to get to Mexico and the US. Caravans like this one are common as an attempt to raise awareness, but they exist apart from the regular flow of migrants.
He headed Renault's Nico Hulkenberg, separated from his team-mate Carlos Sainz in 10th by Force India's Esteban Ocon. But he could only manage fourth, failing to improve his time on his final lap and leapfrogged by Bottas.
Elise Stefanik, of NY , and Carlos Curbelo and Ileana Ros-Lehtinen, both of Florida - have also called on Pruitt to resign. Pruitt was accompanied by nine aides and a security detail during a trip to Italy in June that cost more than $120,000.
Jordan, Lupita Nyong'o is the 18th film in the superhero movie franchise dubbed the Marvel Cinematic Universe. Black Panther will be screen in 600-seat cinema in in Riyadh's King Abdullah Financial District.
Instead it was West Ham , who had previously hardly tested the returning Thibaut Courtois , who hit back in the 73rd minute. Gary Cahill is the other player who is back in the starting lineup, donning the armband as he replaces Andreas Christensen.
The products on the latest US list include heavy machinery, motorcycles and high-tech items, such as semiconductors and batteries. The Standard & Poor's 500 dropped almost 2.2 percent, while the NASDAQ fell almost 2.3 percent at the end of trading.
Palestinians protest along Israel-Gaza border
According to the Palestinian Journalists' Syndicate, Murtaja was shot by gunfire while standing 350 meters from the border fence. The peaceful demonstrations turned violent after Israeli forces used tear gas and live fire against the protesters.
I "probably" won't attend White House Correspondent's Dinner
Press secretary Sarah Huckabee Sanders will take the President's place and represent the administration, officials told the group. Traditionally, the president attends the event , which typically includes a comedic routine at their expense.
Bangladesh observes World Health Day
News Agency of Nigeria (NAN) reports that the World Health Day is a global health awareness day celebrated annually on April 7. WHO statistics show that at least half the world's people today don't receive the essential health services they need.
$9.5 million for space hotel stay
Sounds wonderful , right? But wait, it would cost a whopping Rs 61,74,52,500 ($9.5 million) per person to stay at Aurora Station. And the hotel will house six people at any one time, including two crew and four guests.
California quake shakes things up in eagle family's nest
On social media, people across the Southern California region reported feeling the quake, with many describing it as "rolling". Isla Vista experienced a 5.3 magnitude quake on Thursday afternoon, according to United States Geological Services (USGS).