Wall St. opens lower as trade deal optimism fades
U.S. stocks fell at open on Monday on signs of tough talks ahead before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.
U.S. stocks fell at open on Monday on signs of tough talks ahead before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.
U.S. President Donald Trump called his Phase 1 trade deal with China "by far, the greatest and biggest deal ever made," even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place.
Bank of America upgrades Nike to neutral from underperform and hikes its price target to $98 from $70, catching up to the stock's recent rally.
U.S. stocks halted a three-day winning streak on Monday, as oil prices dived 2% and rising doubts over how quickly a partial U.S.-China trade deal announced on Friday could be sealed.
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Morgan Stanley slashed its price target on Netflix to $400 per share from $450 per share, but kept its overweight rating on the stock.
The Nobel prize in economics was awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their research and work on tackling global poverty.
The U.S. dollar gained on Monday as initial optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, but a gauge of global equity markets was little changed as investors sought details.
Bank of America says investors should still look to stocks for value rather than bonds.
Investors are set to scrutinize results from Goldman Sachs and J.P. Morgan Chase as banks report third-quarter results starting Tuesday.
Brazil airline Azul SA said on Monday that it is in discussions to join a planned partnership with United Airlines , Avianca Holdings and Copa Holdings for flights between the United States and Latin America.
Alphabet unit Google's fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe's second-highest court, according to parties involved in the case.
Oil prices fell nearly 3% on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a trade relations thaw that had helped lift crude markets at the end of last week.
U.S. stocks stalled on Monday after three straight sessions of gains as a bare-bones trade deal with China announced on Friday dampened sentiment and triggered a 2% drop in oil prices, ahead of the start of third-quarter earnings season.
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.