Finance
Stocks mostly higher as tech breaks 4-day losing streak
Stocks were mostly higher Monday, lifted by industrial and retail
companies. Tech staged a recovery following a four-day losing
streak. The dollar and
Treasury yields slipped.
Here’s the scoreboard:
Dow Jones industrial
average: 25,858.63−57.91 (-0.22%)
S&P
500: 2,879.21 +7.53 (+0.26%)
Nasdaq
Composite: 7,924.16+21.62(+0.27%)
- The Trump administration is expected to announce
whether it will follow through with proposed tariffs on
roughly $200 billion worth of Chinese products. Adding
to trade tensions, President Donald Trump also threatened
on Friday to hit another $267 billion worth of imports “on
short notice.” Apple warned over the weekend that tariffs could
force the technology giant to raise prices. - With midterms just two months away, House Republicans
are planning to roll out a
second round of tax cuts this week. But the
bill may face an uphill battle, with some concerned efforts to
bolster Trump’s $1.5 trillion tax overhaul could backfire
as the federal deficit races to unprecedented
heights. - Embattled CBS
chief executive Leslie Moonves is officially out. The
media company said Moonves would step down after six more
women accused him of sexual misconduct in a New
Yorker story Sunday, adding to a series of similar allegations
that surfaced in July. Moonves’ interim replacement
is Joe Ianniello.
And a look at the upcoming economic calendar:
- Apple unveils a new collection of iPhones.
- The Labor Department releases its latest consumer price index
reading. - The Bank of England holds a policy meeting.
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