Stock Market Overview
The S&P 500 Index ($SPX) on Thursday closed up +0.08%, the Dow Jones Industrials Index ($DOWI) close down -0.01%, and the Nasdaq 100 Index ($IUXX) closed down -0.02%.
U.S. stock indexes settled mixed Thursday on trade uncertainty and global growth concerns. Trade uncertainty weighed on stocks after China's Commerce Ministry said Thursday that removing existing tariffs was an important condition for any trade deal. Also, Bloomberg reported Thursday that a U.S. demand that China detail how it plans to reach $50 billion in agricultural imports annually has become a sticking point in negotiations on a phase new trade deal, reiterating the Wall Street Journal's similar report on Wednesday. A positive for trade was Thursday's announcement from China that it removed curbs on poultry imports from the U.S. starting Thursday.
Weakness in technology stocks weighed on the overall market Thursday, led by a -7.2% decline in Cisco Systems to a 10-1/2 month low, after it forecast an u... Read more
WASHINGTON (AP) — House Speaker Nancy Pelosi says she wants to see Congress pass President Donald Trump’s revamped North American free trade deal this year.
LONDON (AP) — The rights to broadcast Champions League games in Britain have been retained by BT Sport for another three seasons in a deal worth more than $1.5 billion, The Associated Press has learned.
SIOUX FALLS, S.D. (AP) — A South Dakota neurosurgeon made millions of dollars by performing unnecessary and dangerous surgeries, including one that left a patient partially paralyzed, federal prosecutors contend in a lawsuit against the doctor.
SAN FRANCISCO (AP) — Amazon is protesting the Pentagon’s decision to award a $10 billion cloud-computing contract to Microsoft, citing “unmistakable bias” in the process.
SEOUL, South Korea (AP) — North Korea on Friday said it issued an ultimatum to South Korea that it will tear down South Korean-made hotels and other facilities at the North’s Diamond Mountain resort if the South continues to ignore its demands to come and clear them out.
MEMPHIS, Tenn. (AP) — Most of the local companies that receive power generated by the Tennessee Valley Authority have signed long-term partnership agreements, but some larger customers still have not agreed to the 20-year deals, officials said Thursday.