Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average and S&P 500 fell Wednesday for the second time in the past seven trading sessions.
- Leading the Dow lower were DowDuPont Inc. (DWDP) , UnitedHealth Group Inc. (UNH - Get Report) and Verizon Communications Inc. (VZ - Get Report) .
- Facebook Inc. (FB - Get Report) CEO Mark Zuckerberg appeared before a House committee for a second day of testimony about the social media giant's data privacy scandal.
Wall Street Overview
Stocks finished lower on Wednesday, April 11, after Donald Trump hinted the U.S. could intervene in the Syria crisis.
In a tweet Wednesday, Trump said: "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and 'smart!' You shouldn't be partners with a Gas Killing Animal who kills his people and enjoys it!"
The Dow Jones Industrial Average lost 218 points, or 0.90%. The S&P 500 fell 0.55% and the Nasdaq declined 0.36%.
Leading the Dow lower were DowDuPont Inc. (DWDP) , UnitedHealth Group Inc. (UNH - Get Report) and Verizon Communication Inc. (VZ - Get Report) . Exxon Mobil Corp. (XOM - Get Report) rose 0.45% after oil prices traded higher following Trump's warning to Russia.
Stocks wavered a day after Wall Street rallied following comments from Chinese President Xi Jinping that eased trade tensions. Stocks surged on Tuesday, April 10, after Xi pledged to open more sectors to foreign companies. Xi also said he would cut tariffs on imported cars and improve intellectual property protection.
The Consumer Price Index in March declined 0.1%, in line with forecasts, while the annualized rate of 2.4% came in ahead of the 2.3% estimate.
Facebook Inc. (FB - Get Report) rose less than 1% as CEO Mark Zuckerberg appeared for a second day of testimony before Congress. The stock rose 4.5% on Tuesday after Zuckerberg apologized several times during the hearing for Facebook's failures, and said his company was working hard to change its own operations after the harvesting of users' private data by Cambridge Analytica, the data-mining company affiliated with Donald Trump's campaign.
Analogic Corp. (ALOG) fell 13.2% to $83.35 after an affiliate of private-equity firm Altaris Capital Partners agreed to buy the maker of medical-imaging products for $84 a share, or $1.1 billion.Learn more about Retirement Daily and get a free trial subscription.