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USA Today MoneyMay 23, 2019
Dow stumbles nearly 300 points Thursday over U.S.-China trade fears
Stocks tumbled Thursday as investors' anxiety over the U.S.-China trade spat increased and put the market on track for three straight weeks of losses.        

MarketWatch MarketPulseMay 23, 2019
Dow ends with more than 250-point loss as investors size up trade war risk
U.S. stocks ended a tumultuous session with sharp losses on Thursday after Wall Street dawned on the possibility that a prolonged U.S.-China trade spat may be a more likely outcome than a near-term truce. The S&P 500 fell 1.2% to finish around 2,822. The Dow Jones Industrial Average shed 286 points ,or 1.1%, to end around 25,490, based on preliminary numbers. The Nasdaq Composite slipped 1.6% to finish near 7,628. Key equity benchmarks pared declines toward the end of the session. Appetite for risk assets soured after analysts said a trade war may no longer be a tail risk and instead the baseline scenario. The stock-market jitters aided the bond-market's rally, with the 10-year Treasury yield fell to around 2.30%, its lowest level since Oct. 2017. Debt prices move in the opposite direction of yields. Prices for West Texas Intermediate oil fell 5.7% to $57.91 a barrel, marking its biggest drop for the year. Shares of Best Buy Co. slumped 4.8% after the retailer issued an anemic outlook for the full year of 2019, even though its earnings beat analyst expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseMay 23, 2019
Autodesk stock falls nearly 7% on surprise Q1 loss, sales miss
Shares of Autodesk Inc. fell more than 6% in the extended session Thursday after the software company reported a surprise first-quarter loss and revenue that fell short of Wall Street views. Autodesk said it lost $24 million, or 11 cents a share, in the quarter, compared with a loss of $82 million, or 38 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 45 cents a share, compared with 6 cents a share a year ago. Revenue rose 31% to $735 million, the company said. Analysts polled by FactSet had expected GAAP profit of 12 cents a share on sales of $741 million. Autodesk shares had ended the regular trading day down 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
TradeWar China fears Trump growth
Chinatrade War US-China Trump Huawei
Trumptrade China Pelosi Billion Democrats
WarTrade China tech cold Trump
StockTrade Market worries earnings global
CEObank Manafort China Deutsche MAX
growthtrade Wall worries Treasury tensions
BankDeutsche CEO Trump Uber contentious
Stockstrade Oil fears drop lower
Investorstrade Market protracted war Dow

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