These are the stocks posting the largest moves before the bell.Market Insiderread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
Financial advisers are always "buying at the wrong time and selling at the wrong time," the founder of Baron Capital argues, "because they're emotional."Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Nobel prize winner Robert Shiller takes issue with the Federal Reserve's rate cut in July because of the psychological harm it caused the markets.Marketsread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
Former Minneapolis Fed President Narayana Kocherlakota said the notion that monetary policy is too restrictive is basically correct.The Fedread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings expectations during the...Retailread more
While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
Dow set to rise; White House denies payroll tax cut report; China tweaks interest rates; Home Depot worries about trade war; Beyond Meat gets an upgradeMarketsread more
European stocks finished Tuesday's session deep in the red, amid political uncertainty in Italy and an unresolved trade dispute between the U.S. and China.
The pan-European Stoxx 600 closed down 0.52 percent, with the majority of sectors ending the day on a negative note. Basic resources outperformed, on the back of a rise in metal prices.
Europe's banking index saw solid losses during Tuesday's trade, closing down 0.97 percent after a prominent Italian lawmaker said Rome would enjoy more favorable economic conditions outside the euro zone. Italy's FTSE MIB fell earlier in the session but pared those losses, to close slightly lower.
Claudio Borghi, a euroskeptic economist who chairs the budget committee of the lower house of Italy's parliament, said in a radio interview Tuesday that he was "truly convinced" most of the country's problems would be solved if it had its own currency.
Borghi's comments were quickly contradicted by Italy's deputy prime minister, Luigi Di Maio, who said said Italy's coalition government did not want to leave the European Union or the single currency. Italian Prime Minister Giuseppe Conte also rebuffed the comments, saying the euro was "unrenounceable" for the country. Nonetheless, several of Italy's banks were trading lower Tuesday, with , Ubi Banca and Banco Bpm all down 1.85 percent or more by the close.
Looking at individual stocks, Britain's Royal Mail slumped to the bottom of the European benchmark after the postal service company issued a profit warning on Monday. Shares of Royal Mail plummeted 8.38 percent on Tuesday, after a number of brokers cut their price targets on the stock.
Wienerberger meantime climbed to the top of the continental benchmark after the firm issued upbeat earnings guidance, saying it foresaw an accelerated pace of growth and increased its medium-term targets. Shares of the firm jumped over 6 percent.
On Wall Street, stocks rose around Europe's close with the Dow hitting a record high in trade, supported by gains seen in Intel and optimism surrounding trade.
Investors continue to closely watch global trade developments, after the U.S. and Canada forged a last-gasp deal on Sunday to revamp NAFTA as a trilateral pact with Mexico. The accord rescued a $1.2 trillion open-trade zone that had been about to collapse after almost quarter of a century.
Attention however has swiftly turned once again to China, which is still engaged in a trade war with the U.S. Ratings agencies Fitch and Moody's on Tuesday warned of the ongoing threat of the trade dispute between the world's two largest economies. Fitch said it posed downside risks to 2019 growth projections while Moody's said U.S.-Sino trade tensions will escalate.
Meanwhile, over in Britain, a hotly anticipated speech by former U.K. Foreign Secretary Boris Johnson was met with applause at the reigning Conservative Party's annual conference, and was interpreted by observers as a potential leadership challenge to Prime Minister Theresa May. Johnson said in his speech that the country ought to "chuck" May's so-called Chequers plan, which he said was "politically humiliating." Sterling fell against the dollar during trade.