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Wall St. looks to Fed outlook Wednesday for early Christmas gift

18 hours ago DieselGasoil Comments Off on Wall St. looks to Fed outlook Wednesday for early Christmas gift
NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock Exchange Read More

Small-cap S&P 600 index confirms bear market

19 hours ago DieselGasoil Comments Off on Small-cap S&P 600 index confirms bear market
NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More

J&J shares nosedive on report it knew of asbestos in Baby Powder

20 hours ago DieselGasoil Comments Off on J&J shares nosedive on report it knew of asbestos in Baby Powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from Read More

Wall St. tumbles on global growth worries, J&J decline

20 hours ago DieselGasoil Comments Off on Wall St. tumbles on global growth worries, J&J decline
(Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P Read More

Wall St. tumbles on global economic worries; J&J drags S&P, Dow

21 hours ago DieselGasoil Comments Off on Wall St. tumbles on global economic worries; J&J drags S&P, Dow
NEW YORK (Reuters) – Wall Street’s three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson (JNJ.N) was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in Read More

Global growth worries, J&J's tumble drag Wall St. lower

22 hours ago DieselGasoil Comments Off on Global growth worries, J&J's tumble drag Wall St. lower
(Reuters) – U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder. Investors worried about global growth after China reported weak monthly retail sales growth and Read More

Global growth worry hits stocks, but U.S. data lifts dollar

22 hours ago DieselGasoil Comments Off on Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace Read More

J&J shares nosedive on report company knew of asbestos in baby powder

1 day ago DieselGasoil Comments Off on J&J shares nosedive on report company knew of asbestos in baby powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. FILE PHOTO: A Johnson & Johnson building is shown Read More

Rising global growth fears pull down Wall Street

1 day ago DieselGasoil Comments Off on Rising global growth fears pull down Wall Street
(Reuters) – U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Weak monthly retail sales Read More

Futures drop about 1 percent on global growth risks

1 day ago DieselGasoil Comments Off on Futures drop about 1 percent on global growth risks
(Reuters) – U.S. stock index futures dropped about 0.8 percent on Friday, after weak economic data from China and Europe exacerbated global growth fears and added to unease over the ongoing trade dispute between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More