Stocks opened higher on Wednesday morning, but U.S. indexes quickly slumped into the red on the back of continued concerns about an impending trade war. The 30-stock Dow Jones index led the day’s losses as Boeing (BA - Free Report) shares slumped thanks to new reports that President Trump wants to impose $60 billion of tariffs on Chinese goods, leading some investors to fear that the Asian powerhouse would target the aerospace behemoth in retaliation.
Dow: 24,747.24 / -259.79 / -1.0%
Nasdaq: 7,496.81 / -14.20 / -0.2%
S&P 500: 2,749.59 / -15.73 / -0.6%
Zacks Rank #1 (Strong Buy) Top Movers
Value: Interserve Plc (ISVJY - Free Report) - +14.1%
Momentum: Anglo American Plc (NGLOY - Free Report) - +3.8%
Economic Metrics Baked in the Cake? PPI, Retail Sales & More
Ahead of today’s market open, we see two metrics on economic development: the Producer Price Index (PPI), also known as the “other shoe dropping” from yesterday’s Consumer Price Index (CPI), and Retail Sales for the month of February. Results were mixed, but neither was harrowingly out of range.
Why Is Square Stock Surging Today?
Shares of Square Inc. (SQ - Free Report) gained more than 4.5% in early morning trading Wednesday after a recent survey found widespread satisfaction among the payment company's merchants and highlighted new bitcoin-related opportunities that could be on the horizon.
Why Ford Stock Popped Despite Recalling 1.4 Million Vehicles
Shares of Ford (F - Free Report) moved higher on Wednesday after the American auto giant's latest analyst upgrade was enough to outweigh concerns over a new recall that could affect up to 1.4 million vehicles.
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Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
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