We're closing out yet another trading week dominated by — you guessed it — trade headlines.
 | FRI, MAY 17, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 189.00 | -1.08 | -0.57% | | CSCO | 56.35 | +0.42 | +0.75% | | MSFT | 128.07 | -0.86 | -0.67% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 27.50 | -0.51 | -1.82% | | BAC | 28.39 | -0.20 | -0.70% | | GE | 9.99 | -0.14 | -1.38% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 27.50 | -0.51 | -1.82% | | AAPL | 189.00 | -1.08 | -0.57% | | MU | 36.06 | -1.25 | -3.35% | |
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We're closing out yet another trading week dominated by — you guessed it — the whiplash of trade headlines.
Ahead of the close Friday, the Dow tumbled on news that the next round of U.S.-China negotiations is "in flux" and talks have stalled in the past week, CNBC's Kayla Tausche reports. Upbeat consumer sentiment data and removal of some tariffs helped offset trade war jitters, boosting stocks earlier in the day. These incremental announcements have meant similar sudden market moves in the past two weeks.  Next week, investors will be dissecting speeches by Fed officials for the possibility of a coming rate cut. Chairman Jay Powell is speaking at an Atlanta Fed conference Monday night and the minutes from the central bank's previous policy meeting are due out Wednesday.
Traders are also watching major retail earnings. Trade-sensitive names like Home Depot, Lowe's, Nordstrom, T.J. Maxx parent company TJX, Target and Best Buy are all scheduled to report first-quarter results. And of course, everyone is waiting for the next big trade headline to hit. |
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