The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
European stocks shifted lower Tuesday, amid rising doubts over whether the world's two largest economies will be able to resolve their trade differences.
The pan-European Stoxx 600 was down 0.7 percent during deals, with most sectors and major bourses in negative territory.
Europe's autos sector, which has been the most sensitive to trade war fears in recent months, led the losses, down almost 2.5 percent Tuesday. France's Faurecia was the worst sectoral performer, with shares down 6.6 percent after Jefferies cut its target price for the stock. One in four automobiles is equipped by parts made by Faurecia.
The technology sector was also a big loser, falling 1.4 percent. Chip-makers are also heavily exposed to China and AMS and Siltronic dipped around 5 and 8 percent respectively.
U.K. Telecoms firm BT had better fortunes, rising more than 2 percent after a Goldman Sachs upgrade to to "Buy" from "Neutral."
European markets fell additional pressure as both the euro and pound moved higher. Those currencies enjoyed attention after a lawyer advised Europe's top court that the U.K. could end Brexit without seeking the permission of others.
But market focus was mainly attuned to global trade developments, after news of a temporary trade truce between the U.S. and China had sparked a global rally in equity markets in the previous session.
The political deal, agreed over a working dinner between President Donald Trump and President Xi Jinping on Saturday evening, should see both sides hold off on imposing additional charges against each other's goods in the short term.
However, confusion over the exact timing of the tariffs cease-fire soured investor sentiment overnight. One White House official said a 90-day period to resolve lingering Sino-U.S. trade disagreements would start on December 1, Reuters reported, whereas White House Economic Adviser Larry Kudlow told reporters it would start from January 1.
Stateside, lingering worries around U.S.-China trade sent jitters down Wall Street.
The Dow Jones Industrial Average fell 208 points, led by losses in Apple. Shares of Apple dropped 2.1 percent after HSBC downgraded the company's stock to hold from buy as it faces "the reality of market saturation." The S&P 500 declined 0.8 percent as the financials sector lagged. The Nasdaq Composite also dropped 1 percent.
Meanwhile, oil prices took a breather after surging more than 4 percent at the start of the trading week. The gains come ahead of a critical OPEC meeting on Thursday, with energy market participants widely expecting the influential oil cartel and its allies to orchestrate a fresh round of production cuts.