Wall Street's main indexes extended declines on Thursday after a report tha...
- Wall Street’s main indexes extended declines on Thursday after a report that the United States was unlikely to extend a temporary waiver over Huawei’s blacklisting, adding to worries related to an inquiry into the impeachment of President Donald Trump.
Technology stocks .SPLRCT dropped 0.48% after Bloomberg’s report on China’s Huawei Technologies Co Ltd. The Philadelphia semiconductor index .SOX, which includes a number of companies that supply to the Chinese telecom equipment maker, fell 0.73%. “I don’t see this necessarily as a market issue unless you consider the fact that if the Chinese see that Trump’s strength in office is somewhat threatened, then perhaps they will be more emboldened to try to postpone any trade negotiations until after elections,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
The defensive consumer staples .SPLRCS, utilities .SPLRCU and real estate .SPLRCR were the only gainers.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street drops; Pelosi says to start formal impeachment inquiryU.S. stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest da...
Read more »
US futures point to a higher open on Wall StreetU.S. stock index futures were slightly higher Wednesday morning.
Read more »
US futures point to a lower open on Wall Street as Trump faces impeachment inquiryU.S. futures point to a lower open on Wall Street as Trump faces impeachment inquiry.
Read more »
Wall Street believes Trump is safe, but worry impeachment inquiry could hinder trade dealsWhile Wall Street isn't worried Trump's job is in jeopardy, many are warning their clients that the impeachment inquiry could mire trade policy.
Read more »
Nike spikes to record high after beating every single Wall Street profit forecastGrowth was boosted by strong sales, especially a 27% increase in sales in Greater China that showed that Nike's transformation efforts are paying off.
Read more »
Netflix sees 2019 gains wiped out after its biggest Wall Street bull slashes his price target'In our view solid subscriber growth (even with higher spend) could turn investor sentiment on a dime,' Włodarczak of Pivotal Research Group wrote.
Read more »