Asia And Europe Markets Recover While Crude Oil Slides – Global Markets Today While US Slept
On Wednesday, April 17, the U.S. stock markets ended lower amid dropping oil prices, cautious Federal Reserve comments,…
Biden’s 25% China Tariff; Royal Gold Issues 2024 Guidance; Vale Reports Q1 Production And More: Wednesday’s Top Mining Stories
President Biden announces new tariffs on Chinese steel and aluminum imports to protect American manufacturing jobs, while Compania de Minas Buenaventura meets production targets and Vale reports increased iron ore and copper output.
Alcoa Stock Climbs On Q1 Results: Here’s Why
Alcoa reported quarterly losses of 81 cents per share. Quarterly revenue came in at $2.6 billion, beating the $2.56 billion analyst consensus estimate.
Crude Oil Dips 3%; U.S. Bancorp Profit Tops Views
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Wednesday.
The Dow traded up 0.04% to 37,813.77 while the NASDAQ fell 0.78% to 15,742.21. The S&P 500 also fell, dropping, 0.34% to 5,034.17.
Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What’s Driving Markets Wednesday?
A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks.
Nasdaq Down Over 1%; Sage Therapeutics Shares Plunge
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 100 points on Wednesday.
The Dow traded down 0.32% to 37,678.27 while the NASDAQ fell 1.16% to 15,681.95. The S&P 500 also fell, dropping, 0.74% to 5,013.98.
Rio Tinto’s Next Chief Commercial Officer Says Building Mines Is Better Than Buying: Here’s How Long It Takes
Rio Tinto's copper chief, Bold Baatar, prefers building new mines over M&A. He will replace Alf Barrios in September. Chile's permitting process is a major hurdle.
McEwen Mining Acquires Timberline To ‘Unlock Synergies’ In Nevada Gold Operations
McEwen Mining acquires Timberline Resources for $18.8 million in a stock-for-stock transaction, driven by increased gold prices and operational synergies.
Dow Surges 200 Points; Abbott Laboratories Posts Upbeat Earnings
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.55% to 38,006.47 while the NASDAQ rose 0.24% to 15,903.38. The S&P 500 also rose, gaining, 0.40% to 5,071.74.
Biden To Announce Tariff Hikes On Chinese Steel, Aluminum Imports: Another ‘Hit To Real Income And Consumer Spending,’ Economist Cautions
President Biden to propose 25% tariffs on Chinese steel and aluminum, targeting unfair trade practices and protecting US manufacturing jobs.