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Home / Business / Stock Market News: August 15, 2019

Stock Market News: August 15, 2019



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US stockes rose after strong earnings results from Dow component Walmart ( WMT ) helped lift the 30-share index after & nbsp; its worst day in 2019. & nbsp; Stock futures initially fell below early trade after China threatened & nbsp; & # 39; countermeasures & # 39; in the midst of its trade war with China. "data-reactid =" 15 "> US stocks rose after strong earnings results from Dow component Walmart (WMT) helped lift the 30-share index after its worst day in 2019. Equity futures initially fell during early trading after China threatened & # 39; countermeasures & # 39; in the midst of its trade war with China.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "All this follows a flare-up in recession fears, triggered by a bearish signal from the bond market, which sent & nbsp; Dow down 800 points & nbsp; on Wednesday. Each of the three main indices was off by about 3% during this session. "data-reactid = "16"> All of this follows an upturn in the recession, triggered by a bearish signal from the bond market, which sent Dow down 800 points Wednesday. Each of the three main indices had discounts of about 3% during this session.

Here were the key moves in the market, as of 09:30 ET:

  • S&P 500 (^ GSPC): + 0.28%, or 7.92 points

  • Dow (^ DJI): + 0, 3%, or 77.67 points

  • Nasdaq (^ IXIC): + 0.38%, or 29.58 points

  • 10-year Treasury Rate (^ TNX): -0.7 bps to 1.574% [19659007] US dollar to Chinese yuan rate on land (CNY = X): + 0.2407% to 7.0392

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8 cm) – sm "type =" text "content =" Walmart beat Wall Street & # 39; s & nbsp; sales and profit expectations & nbsp; in fiscal second quarter 2020 results and lifted its annual guidance, with the retail skin pointing to continued growth even as the Trump administration's trade war and new tariffs threaten to add to retail price pressure. Results sent shares in Walmart up 6%, or $ 6.78 each, in early trade, accounting for a roughly 50-point increase in the price-weighted Dow-in the cover. " data-reactid = "24"> Walmart beat Wall Street's sales and profit expectations in fiscal second quarter 2020 and lifted its annual guidance, and retail sales continued to grow, even as the Trump administration's trade war and new tariffs threaten to add price pressure for retailers. The results sent shares in Walmart up 6%, or $ 6.78 each, in early trading, accounting for a roughly 50-point increase in the price-weighted Dow index.

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Earlier this year, Walmart warned that higher tariffs & nbsp; would lead to price increases for However, the company said in recent months "has been able to carefully manage prices and margins with both our customers and shareholders in mind." = "25"> Earlier this year, Walmart warned that higher tariffs would lead to price increases for consumers. However, the company said that in recent months it has been "able to carefully manage prices and margins with both our customers and shareholders in mind."

Walmart CFO Brett Biggs said his updated guidance – which now requires the same-sized increase in growth at the high end of the previous 2.5-3% range – includes the company's "current understanding of the timing of tariff implementation in various categories" . "

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Meanwhile, the Chinese posted e-commerce giant Alibaba ( BABA ) also & nbsp; beat a strong increase in revenue and quarterly earnings as another consumer facing company appreciated the effects of the ongoing trade war. coming from less developed areas of China, even as the c ountry intervenes with slow economic growth. "data-reactid =" 27 "> Meanwhile, Chinese e-commerce giant Alibaba (BABA) also had a strong increase in revenue and a quarterly income, as another consumer facing company appreciated the effects of the ongoing trade war. The company's results were driven by its core business, while the Taobao electronic marketplace saw 70% of annual active customer growth from less developed areas in China, even though the country is booming with slow economic growth.

Alibaba shares rose nearly 3% on the New York Stock Exchange in early trading.

A Walmart logo appears above the floor of the New York Stock Exchange just after the opening clock in New York, USA, August 16, 2018. REUTERS / Lucas Jackson

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Top of the Week, Pre-President Donald Trump announced that he would postpone a 10% tariff on some goods including cell phones, video games and laptops past the original deadline of September 1, and help lift shares of Apple companies ( AAPL ) to Best Buy ( BBY ) earlier this week when investors considered the delays in the is for these sellers of consumer products. "data-reactid =" 40 "> At the top of the week, President Donald Trump announced that he would postpone a 10% tariff on some goods, including cell phones, video games and laptops, over the original deadline of September 1, helping to lifting shares of Apple (AAPL) companies to Best Buy (BBY) earlier this week as investors considered the delay in the fees on goods for these consumer product sellers.

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8 cm) – sm "type =" text "content =" However, the new tariffs in September will still apply to other products as planned – & nbsp; leading China to vow retaliation. "data-reactid =" 41 "> However, the new tariff rates in September will still apply to other goods as planned – leading to China retaliating promises.

" China must take the necessary measures. "China's Ministry of Finance said in a statement Thursday. It said the Trump administration was "seriously violating the consensus" reached by the US and China after the G20 meeting in June by threatening to pile on additional tariffs.

Later on Thursday morning, however, Foreign Ministry spokesman Hua Chunying wrote in a subsequent statement, "We hope the United States can work with China to implement the two presidents' consensus reached in Osaka, and to work out a mutually acceptable solution through the same line. with dialogue and mutual respect. "

The statement was taken by some as a signal that China was still open to finding a midfield with the United States in a possible trade agreement.

Reverse yield curve

The bond market continues to be a source of investor interest on Thursday, following an inversion of the closely monitored 2-year and 10-year yield curve on Wednesday, provoking fears of a recession and sending markets sharply lower.

This section of the curve has reversed before each of the last seven recessions, including before the major recession that officially began in December 2007.

However, not all market researchers have been convinced that 2-10- the number inversion represents the same flashing red signal as it did before.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " [Reader: Don't panic over the inverse of the yield curve: El-Erian ] "data-reactid =" 53 "> [Reader: Don't panic over the yield curve inversion: El-Erian ]

Some noted that US Treasurys – and especially longer-term notes – have been offered by foreign investors scurrying to find low-risk returns. More than $ 15 trillion in global government debt is trading at negative interest rates amid weakening economic conditions abroad, making the positive – albeit declining – returns on US government debt more appealing.

Nevertheless, the yield curve continued to level further Thursday. The 30-year Treasury rate dipped below 2% for the first time ever, and the yield curve became even more flat as investors swapped Treasurys with longer stakes in the short-term outlook. Treasury returns are reversed to their prices.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 57 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Read more from Emily: "data-reactid =" 58 "> Read more from Emily:

<p class =" canvas-atom canvas text Mb (1.0 em ) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit . ] "data-reactid =" 65 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn [19659027] and reddit .

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read the latest financial and business news from Yahoo Finance "data-rea ctid =" 66 "> Read the latest financial and business news from Yahoo Finance


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