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. undefined , UnitedHealth Group Inc. (UNH) - Get UnitedHealth Group Incorporated (DE) Report and Verizon Communications Inc. (VZ) - Get Verizon Communications Inc. Report .
- Facebook Inc. (FB) - Get Meta Platforms Inc. 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. undefined , UnitedHealth Group Inc. (UNH) - Get UnitedHealth Group Incorporated (DE) Report and Verizon Communication Inc. (VZ) - Get Verizon Communications Inc. Report . Exxon Mobil Corp. (XOM) - Get Exxon Mobil Corporation 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 Meta Platforms Inc. 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.
The London offices of Twenty-First Century Fox Inc. (FOXA) - Get Fox Corporation Report were raided by investigators from the European Commission over potential abuse of the company's dominant position in broadcasting of major sporting events. Shares of Fox declined 0.24%.
Sprint Corp. (S) - Get SentinelOne Inc. Class A Report was down 0.42% and T-Mobile US Inc. (TMUS) - Get T-Mobile US Inc. Report declined 0.33% following a report from The Wall Street Journal that said the telecommunications giants have restarted merger talks.
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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.