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Stock Market Roundup, March 8: Trump's Trade Talk Confuses Investors
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After an up-and-down trading day witnessed stocks close lower on Wednesday, investors on Thursday managed to generated a strong enough afternoon rally to lift indexes into the green—despite more confusing trade rhetoric from President Trump, who now says Canada and Mexico could avoid his proposed steel and aluminum tariffs by agreeing to “new and fair” NAFTA trading rules.
More details about Trump’s tariffs are still expected, but political leaders Europe, Canada and China have already threatened retaliation, and steel users have already been sent lower. Zacks ETF strategist Neena Mishra takes a look at a few ETFs that stand to win and lose.
Shares of Kroger (KR - Free Report) were down nearly 10% in early morning trading Thursday after the grocery giant's fourth-quarter earnings disappointed investors. As a result, Kroger added its name to the list of sluggish reports from the retail space this week, creating fresh volatility and caution in the evolving sector.
Shares of Netflix (NFLX - Free Report) sunk over 1.7% on Thursday morning, bringing the stock just below the all-time highs it had been trading at this week.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Stock Market Roundup, March 8: Trump's Trade Talk Confuses Investors
After an up-and-down trading day witnessed stocks close lower on Wednesday, investors on Thursday managed to generated a strong enough afternoon rally to lift indexes into the green—despite more confusing trade rhetoric from President Trump, who now says Canada and Mexico could avoid his proposed steel and aluminum tariffs by agreeing to “new and fair” NAFTA trading rules.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Veritiv Corporation - +3.8%
Growth: Kulicke and Soffa Industries (KLIC - Free Report) - +5.5%
Momentum: Weight Watchers (WTW - Free Report) - +7.5%
VGM: KLIC
Income: The RMR Group (RMR - Free Report) - +7.7%
Major Indexes
Dow: 24,859.54 / +58.18 / +0.23%
Nasdaq: 7,427.95 / +31.30 +0.42%
S&P 500: 2,738.97 / +12.17 / +0.45%
Top Headlines
Trump Tariffs: ETF Winners & Losers
More details about Trump’s tariffs are still expected, but political leaders Europe, Canada and China have already threatened retaliation, and steel users have already been sent lower. Zacks ETF strategist Neena Mishra takes a look at a few ETFs that stand to win and lose.
Kroger Extends Disappointing Week for Retail Sector Earnings Reports
Shares of Kroger (KR - Free Report) were down nearly 10% in early morning trading Thursday after the grocery giant's fourth-quarter earnings disappointed investors. As a result, Kroger added its name to the list of sluggish reports from the retail space this week, creating fresh volatility and caution in the evolving sector.
NFLX Quick QuoteNFLX - Free Report) %20Stock%20Dip%20on%20Thursday?">Why Did Netflix Stock Dip on Thursday?
Shares of Netflix (NFLX - Free Report) sunk over 1.7% on Thursday morning, bringing the stock just below the all-time highs it had been trading at this week.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>