<form id="lwufo"><acronym id="lwufo"></acronym></form>
          Log in
          E-mail
          Password
          Remember
          Forgot password ?
          Become a member for free
          Sign up
          Sign up
          New member
          Sign up for FREE
          New customer
          Discover our services
          Settings
          Settings
          Dynamic quotes 
          OFFON

          MarketScreener Homepage  >  News  >  Markets

          News : Markets
          Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

          U.S. stock market swings higher despite rising U.S.-China tensions; oil up

          share with twitter share with LinkedIn share with facebook
          05/15/2020 | 04:50pm EDT
          The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York

          By Jessica DiNapoli

          U.S. stocks gyrated on Friday before ending slightly higher, as investors worried about increased China-U.S. trade hostilities and disappointing retail sales figures, while signs of a pick-up in crude demand boosted oil prices.

          The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. China said it would put U.S. companies on an "unreliable entity list."

          The U.S. Commerce Department said retail sales, a significant portion of the economy, plunged 16.4% last month, the biggest decline since the government started tracking the figures in 1992. That data followed the historic loss of 20.5 million jobs last month.

          "From bad to worse to worst, the U.S. economy is in the midst of an outright economic free-fall," said market analyst Christopher Vecchio at Dailyfx.com.

          Oil prices rose to their highest levels since March on signs that demand from China is picking up and as countries around the world ease travel restrictions imposed to try to halt the pandemic.

          The Dow Jones Industrial Average rose 60.08 points, or 0.25%, to finish at 23,685.42, the S&P 500 gained 11.2 points, or 0.39%, to close at 2,863.7 and the Nasdaq Composite added 70.84 points, or 0.79%, to end at 9,014.56.

          "There's so much uncertainty around what earnings will look like in 2021, 2022, and it's difficult to value stocks," said Jeff Buchbinder, equity strategist for LPL Financial. "We're a little bit cautious here and are not surprised about volatility in the last couple days."

          A broad measure of European stocks ended a bruising week roughly 4% lower, the biggest weekly fall since the mid-March rout as the coronavirus crisis spread worldwide.

          MSCI's world stock index <.MIWD00000PUS> was down around 2.8% this week, its biggest weekly drop since March.

          Analysts said the weekly decline was a natural correction after a rally since mid-March and also reflected growing concerns about rising U.S.-China tensions.

          On Thursday, U.S. President Donald Trump signaled a further deterioration in his relationship with China over the novel coronavirus, saying he had no interest in speaking to President Xi Jinping and suggesting he could even cut ties with Beijing.

          "There is no doubt that the optics around the trade/diplomacy backdrop have worsened in the last week and this has had a negative influence," said Chris Bailey, European strategist at Raymond James in London.

          U.S. Federal Reserve Chair Jerome Powell has brushed off the notion that the Fed could push rates into negative territory after futures tied to Fed interest rate policy expectations began pricing a small chance of sub-zero U.S. rates within the next year.

          Benchmark 10-year notes last fell 7/32 in price to yield 0.6412%, from 0.619% late on Thursday.

          The dollar index rose 0.12%, with the euro up 0.08% to $1.0813.

          (Reporting by Jessica DiNapoli; Editing by Nick Zieminski, David Gregorio and Sonya Hepinstall)

          Stocks mentioned in the article
          ChangeLast1st jan.
          DJ INDUSTRIAL -0.68% 26469.89 Delayed Quote.-7.25%
          EURO / US DOLLAR (EUR/USD) 0.01% 1.1656 Delayed Quote.3.41%
          EURO 50 SELECT 4.75% DECREMENT (SHLE, UHD) -1.54% 721.445136 Real-time Quote.-12.95%
          LPL FINANCIAL HOLDINGS INC. -0.11% 75.95 Delayed Quote.-17.67%
          MSCI AC WORLD INDEX (STRD, UHD) -0.83% 547.904 Real-time Quote.-2.26%
          NASDAQ 100 -0.92% 10483.132338 Delayed Quote.20.04%
          NASDAQ COMP. -0.94% 10363.177069 Delayed Quote.15.50%
          RAYMOND JAMES FINANCIAL -0.17% 72.12 Delayed Quote.-19.38%
          S&P 500 -0.62% 3215.63 Delayed Quote.-0.47%
          THE GLOBAL LTD. -2.27% 215 End-of-day quote.-54.35%
          WORLD CO., LTD. -1.33% 1409 End-of-day quote.-47.64%
          share with twitter share with LinkedIn share with facebook
          Latest news "Markets"
          07/24Tech Heavyweights Pull U.S. Stocks Down
          DJ
          07/24Tech Heavyweights Pull U.S. Stocks Down
          DJ
          07/24WALL STREET STOCK EXCHANGE : Ireland plans to extend expanded help-to-buy home scheme beyond 2020
          RE
          07/24Tech Heavyweights Pull U.S. Stocks Down
          DJ
          07/24Tech Heavyweights Pull U.S. Stocks Down
          DJ
          07/24Tech Heavyweights Pull U.S. Stocks Down
          DJ
          07/24EUROPE : U.S.-China tension, virus worries weigh on European stocks; Centrica soars
          RE
          Latest news "Markets"
          官方真人棋牌游戏平台