- U.S. stocks were on track to open lower on Wednesday, as fears resurfaced of a possible escalation in the trade war between the United States and China following reports that Washington could impose sanctions on another Chinese company.
However, sentiment soured on reports of similar restrictions on Chinese video surveillance firm Hikvision. Markets also waited for minutes from the Federal Reserve’s two-day policy meeting in late April when it held interest rates steady. The minutes are due at 2 p.m. ET . Among stocks, Qualcomm Inc slumped 12.2% premarket after a federal judge ruled that the chipmaker unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks drop late in session on trade uncertaintyWall Street shares extended losses in late trade on Friday after CNBC reported t... 25,700 dow; it's all good folks. ahha time to buy.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street Weekahead: Tariffs could lead to markdowns in retail sharesU.S. retailer stocks have moved from buoyant to bruised this year and the intens... yes Oh those poor poor shareholders. realDonaldTrump Short term pain for long term gain? ICALL BS!!!!
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street gains on optimism over possible delay in auto tariffsU.S. stocks gained ground on Wednesday after a report that President Donald Trum... And Tomorrow they will lose optimism Friday: they will gain optimism Monday: optimistic again Tuesday: oops, they lose optimism again And so the wheel turns... it’s a joke. Wall Street, CNBC SquawkCNBC MadMoneyOnCNBC 'Everything is garbage but our toddler president is distracted and unfocused so I guess that counts as a positive economic indicator.' Welcome to 2019 everybody!
Source: Reuters - 🏆 2. / 97 Read more »
What you need to know about the marketsToday’s top business headlines with ChristineRomans before the opening bell on Wall Street: ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »