USA stocks are on track for their longest string of consecutive daily losses since a five-session skid ended March 8, as Sino-American tariff tensions have buffeted assets perceived as risky, catching many investors who had anticipated a tidy pact to the protracted talks coming to fruition soon.
A wave of selling swept through Wall Street Monday after China announced retaliatory tariffs on USA goods with the Dow Jones Industrial Average tanking more than 600 points or 2.4 percent lower, and with more blood on the horizon set for the rest of the week. The S&P 500 advanced 0.8% to 2,834.41 as tech shares outperformed. The Hang Seng Index sank 1.7 per cent while Shanghai shed 0.7 per cent and Tokyo ended down 0.6 per cent, marking its seventh straight loss.
The market had also seemed to shrug off the news that growth in China's industrial output had slowed more than expected, Ms Lee said.
In the last five trading sessions, the Dow Jones Industrial Average deceased 4.21 percent, while S&P 500 Index and Nasdaq Composite Index dropped 4.11 percent and 5.86 percent, respectively. Bank of America dropped 4.6% and JPMorgan Chase fell 2.9%. The VIX, however, is still far below the elevated levels it reached at the end of past year when the S&P 500 came extremely close to entering a bear market, meaning a decline of 20% or more from a recent peak.
The Stoxx Europe 600 Index gained 1%.
"Ongoing trade flare-ups may continue to swing the stocks in the near-term, but we think the market may have priced a lot of this in", Citi said.
Michigan's John Beilein leaving to coach Cleveland Cavaliers
Three Cavaliers (excluding Cleveland's two 2019 NBA Draft selections) should benefit early on from Beilein's offensive influence. If Michigan were to call, it wouldn't be the first team to show interest. "Everybody will be anxious", Love said in April.
Gold mining companies were some of the few stocks making gains amid the broad market slump as the price of gold, another safe-play asset, rose 1% to $1,301 an ounce.
Other investments deemed as safe havens dropped, such as USA government bonds and gold. Shares in Webster (ASX:WBA) closed 0.7 per cent lower at $1.52. "Obviously, it may create some distortion in the market and this is what we want to avoid". Iranian President Hassan Rouhani said that it would begin stockpiling heavy water and low-enriched uranium unless non-U.S. signatories take steps to shield the Iranian economy from Trump-Administration sanctions that have been crippling its economy. The yield on the 10-year Treasury fell to 2.39% from 2.45% late Friday.
Uber's shares rose another 6.4 percent in after-the bell trading after a USA labour agency said it had concluded that the company's drivers were independent contractors, not employees.
The US argues that China's trade surplus with the US is the result of unfair practices, including state support for domestic companies. The business has hired about 100 new sales staff to liaise with customers and CCL seen a 2 per cent rise in the year to date, after falling 11 per cent in the year earlier period.
West Texas Intermediate crude climbed 1.1% to $61.70 a barrel. Heating oil lost 0.6% to $2.04 per gallon. The euro declined to $1.1207 from $1.1208.
Oil prices held steady and the dollar was trading at 109.59 Japanese yen.
Monday's decision follows an $80 million judgment in March to a California man who said Roundup gave him non-Hodgkin's lymphoma. Bayer has seen its stock price plummet 40 percent since it purchased Monsanto past year for $63 billion.
Arsenal head coach Unai Emery gave his players the day off on return from their Europa League semi-final success in Valencia. The only blot on his outing was the glaring late miss that cost him a hat-trick. "My team-mates knew I was in contention.
Mogherini said the talks would focus on "how to continue to best support the full implementation of the nuclear deal". This is coming on the heels of Tehran's plans last week to partially withdraw from a 2015 deal with major powers.
That comment landed Wray in hot water with Trump, who lashed out when asked about it by reporters on Tuesday. President Trump nominated Durham for his current post a year ago and the Senate unanimously confirmed him.
"I never thought that that squad was capable of mounting a challenge for the title like they have and a Champions League ". The Reds will host Wolves on Sunday at Anfield in the 38th, and final, round of games in the 2018-19 Premier League season.
Everton haven't won away against Tottenham in the Premier League since November 2008 (1-0), drawing three and losing six since. And in the aftermath of Tottenham's final Premier League game, Pochettino let reaching the Champions League final sink in.
Reportedly, Comcast is preparing an NBC streaming service to launch sometime in 2020 at a price point below $12 per month. Disney and Comcast also said they had agreed to fund Hulu's recent buyout of AT&T's 9.5 per cent interest in the company.
For all of her acclaim as an actress, Doris Day said her days as a big band singer were "the happiest times in my life". Day was briefly a vocalist for Bob Crosby's big band before settling into a long job with Les Brown's band in 1940.
WikiLeaks said the re-opening of the investigation into the rape allegation will give Assange a chance to clear his name . The whistleblower denied the accusations, insisting that the sexual relations had been consensual.
A statement from the Doris Day Animal Foundation confirmed her passing ; saying she died at her home in Carmel Valley, California. After stepping away from acting, Doris dedicated her life to the welfare of animals. "I thought she was handsome ".
Last month, Van Dijk, who joined Liverpool from Southampton for £75 million last January, won the PFA Player of the Year award . They're the first team to win back-to-back titles since Manchester United in 2007-8 and 2008-9.
US SC deals blow to Apple in anti-trust case
The US Supreme Court has greenlit the antitrust lawsuit against Apple in a surprising decision against the Cupertino-based giant. Apple had argued that app buyers are not entitled to sue under a 1977 Supreme Court decision, Illinois Brick Co. v.
China will "never surrender" in trade row
Beijing is running out of US imports to penalize because of the lopsided trade balance between the world's two largest economies. Trump said repeatedly that China " broke the deal " the two sides had been working toward over the past several months.
Actor Tim Conway dead at 85
Conway's known for his role on The Carol Burnett Show that ran for over a decade from the late 60s to the late 70s. He was one in a million, not only as a brilliant comedian but as a loving human being", Burnett tsaid.
Constance Wu clarifies her tweets after her show's renewal
Wu wrote "No, it's not" in a since-deleted tweet Friday, May 10, 2019 , responding to a fan who called the renewal "great news". Im proud to be part of it. "For all the fans support, thank u & for all who support my casual use of the word fuck-thank u too".
5 ways to watch Sophie Turner other than Game of Thrones
Sophie Turner stopped by " The Tonight Show " Friday and had to answer for the " Game of Thrones " gaffe seen around the world. Starbucks , of course, reacted to the media frenzy, tweeting on Monday, "TBH we're surprised she didn't order a Dragon Drink".
Monster Hunter World has a free trial on PS4
And that's an important of the whole experience, as Monster Hunter World is seen as a top multiplayer experience. Some of the most notable changes in this dynamic theme are the moving background, music, and icons.