Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end lower as trade concerns resurface

25-Sep2018

US markets end lower as trade concerns resurface

The US markets settled mostly in red on Monday, amid news China has canceled trade talks with the U.S. as tariffs on billions of dollars' worth of goods take effect. While Wall Street has repeatedly ignored the threat of rising trade tensions, focusing instead on strong economic data and corporate fundamentals, there remains concerns that the situation could escalate into a full-blown trade war, which could have a more severe impact on global demand and growth. Traders seem somewhat reluctant to make more significant moves, however, with the upcoming Federal Reserve meeting keeping some traders on the sidelines. The Fed is scheduled to announce it latest monetary policy decision on September 26 and is widely expected to raise interest rates by another quarter point. The accompanying statement is likely to attract considerable attention along with Fed Chairman Jerome Powell's press conference as traders attempt to gauge the outlook for further rate hikes.

The S&P 500 slipped 10.30 points or 0.35 percent to 2,919.37 and Dow Jones Industrial Average was down by 181.45 points or 0.68 percent to 26,562.05, while Nasdaq surged 6.29 points or 0.08 percent to 7993.25.



Related News

View all news

US markets end marginally higher on Tuesday

The US markets ended marginally higher on Tuesday as another round of US-China trade talks began in Washington. President Donald Trump said the US-China trade talks are going very well and once again hinted......

US markets end significantly higher on optimism about US-China trade talks

The US markets ended significantly higher on Friday amid increasing hopes for a US-China trade deal. As per the report, officials from both the US and China will continue trade talks next week in Washington,......

US markets end lower on weak retail sales

The US markets ended mostly in red on Thursday after a report from the Commerce Department unexpectedly showed a substantial decrease in retail sales in December, increasing the appeal of safe havens like......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......