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Stocks post slight gains at end of an ugly week on Wall Street

I really disagree with what the Fed is doing, okay?”. Concerns about interest rates had rattled bank stocks, with the KBW Bank Index sinking 5.8 percent from last week.

After a free-wheeling sell-off, triggered by concerns about rising interest rates, tensions over the trade war with China and a startling plunge in the tech sector, Friday started on an upswing, after JPMorgan Chase, Wells Fargo and Citigroup all reported growing profits.

2 Other Related Articles

Washington Post -
Markets in Asia and Europe stabilize after another dive on Wall Street 

Markets in the region, from China to Japan to South Korea, stabilized on Friday and regained a little ground despite another bruising trading session in the United States brought on by fears that the multiyear bull-market run on Wall Street may be running out of steam.

“Stability has returned to Asia, and the moves are a far cry from what saw yesterday,” Chris Weston, head of research at Pepperstone in Melbourne, said in a note. “It seems Asia has had a reassessment, and calmer heads have prevailed as we close out the week.”


Wall Street Jurnal -
Trump and Xi Plan to Meet Amid Trade Tension

With U.S. markets tanking and the trade battle with China intensifying, the White House decided to move ahead with plans for President Trump to meet with Chinese leader Xi Jinping at a multilateral summit in November to see if the two leaders can find a way out of the mess, according to officials in both nations.

Appeared in the October 12, 2018, print edition as 'Trump and Xi Make Plans to Meet.'. Meeting is scheduled to take place at the Group of 20 leaders’ summit in Buenos Aires at the end of November



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