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| May 23, 2019

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Stocks Close Lower on Wall Street

May 22, 2019 |

Stocks are closing lower on Wall Street Wednesday as energy companies and retailers bear the brunt of the declines, the AP reports. Lowe’s and Nordstrom were among the biggest decliners in the S&P 500 after the companies reported quarterly results that fell short of Wall Street’s expectations. Target was a…
Newser

Stocks open lower on developments in China trade war

May 22, 2019 |

Stocks are opening lower Wednesday on Wall Street as investors eye developments in the U.S.-China trade dispute and absorb a key ruling in an antitrust case involving chipmaker Qualcomm.

Reports say the U.S. may block several Chinese surveillance companies from buying American components. An earlier…


L.A. Times – Business

US Stocks Close Lower

May 21, 2019 |

Stocks are closing lower on Wall Street Monday as technology stocks suffer steep declines, the AP reports. The stock market has turned lower in May amid heightened tensions over trade between the US and China. In the latest turn, the Trump administration is cracking down on Chinese telecom giant Huawei….
Newser

Stocks slide broadly, led down by technology shares

May 20, 2019 |

Technology companies led a broad slide in stocks Monday on Wall Street, extending the market’s losses into another week.

The U.S. decision to ban technology sales to China’s Huawei hammered the technology sector, particularly chipmakers. About one-third of Huawei’s suppliers are American chipmakers,…


L.A. Times – Business

Wall St. lower as tech stocks sell-off on Huawei fallout worries

May 20, 2019 |

Wall St. lower as tech stocks sell-off on Huawei fallout worriesApple Inc slumped 3.3%, weighing the most on the three main indexes and driving down the S&P 500 technology sector 1.27%, the biggest drop among the six S&P sectors trading lower. U.S. suppliers of Huawei, including Qualcomm, Micron Technology and Broadcom Inc, fell between 3% and 5%, while the Philadelphia Semiconductor Index slid 2.9% to its lowest level in over two months. Mobile phone parts maker Lumentum Holdings Inc said it would halt shipments to Huawei and cut its quarterly revenue expectations, driving its shares down 2.5%.



Yahoo News – Latest News & Headlines

Stocks wobble, finishing S&P 500’s second down week in a row

May 17, 2019 |

Stocks on Wall Street fell broadly Friday as investor jitters over the heated U.S.-China trade war overshadowed encouraging developments in conflicts between the United States and other key trading partners.

The sell-off gained strength in the last hour of trading, handing the benchmark Standard…


L.A. Times – Business

Stocks End the Week in the Red

May 17, 2019 |

A morning rebound on Wall Street faded by Friday afternoon, sending major stock indexes lower and giving the market its second straight weekly loss. Technology and industrial stocks accounted for much of the slide, outweighing gains in health care, utilities, and other sectors. The S&P 500 index fell 16 points,…
Newser

Stocks climb for third straight day, erasing Monday’s decline

May 16, 2019 |

Stocks marched higher Thursday for the third day in a row, erasing the dive they took Monday on worries about the worsening U.S.-China trade war.

Banks reversed course and helped lead the broad gains. Banks were benefiting from higher bond yields, which enable them to charge higher interest rates…


L.A. Times – Business

Stocks finish higher second straight day after optimistic report on trade disputes

May 15, 2019 |

Stocks reversed an early slide on Wall Street and finished broadly higher Wednesday, giving the market its second straight gain in a week of bumpy trading.

Big technology and communications companies — including Microsoft, Apple and Google parent Alphabet — led the rally as the market shrugged…


L.A. Times – Business

Stocks Bounce Back a Day After Plunge

May 14, 2019 |

Stocks are closing broadly higher on Wall Street as investors got a reprieve a day after the market took a nosedive on worries over the worsening trade relations between the US and China, the AP reports. Technology companies, which took a beating a day earlier, led the market higher on…
Newser