Shares of General Motors Co. GM slid 3.34% to $46.29 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.71% to 6,013.13 and Dow Jones Industrial Average DJIA falling 1.69% to 43,428.02.
Stocks were mixed Thursday afternoon as shares of AI chipmaker Nvidia tumbled and investors digested President Trump's latest announcement on tariffs.
U.S. stock indexes drifted to a mixed finish after climbing in the morning but then running out of momentum. The S&P 500 finished the day an iota higher, less than 0.1%, but enough to break a four-day losing streak that had knocked it off its all-time high.
Stocks have been under pressure in recent days due to lacklustre US economic data and worries about Mr Donald Trump’s policies. During a Cabinet meeting, the US president said he expects 25 per cent tariffs on the European Union. The Dow Jones Industrial Average finished down 0.4 per cent at 43,433.12.
These stocks have dropped below the significant moving averages where it’s easy to make out the direction of trend, near-term and longer term.
EnerSys, Sonoco Products, World Kinect and General Motors have been highlighted in this Screen of The Week article.
The Dow Jones Industrial Average (DJIA) backslid over 700 points ... clients or contributors, is provided as general market commentary and does not constitute investment advice.
Gains in Nvidia ahead of earnings helped lift the Nasdaq on Wednesday while the Dow retreated on White House talk of more tariffs, this time on the
GAINS in Nvidia ahead of earnings helped lift the Nasdaq on Wednesday while the Dow retreated on White House talk of more tariffs, this time on the European Union. Read more at The Business Times.