Markets Right Now: Plans for steel tariffs sink United States stocks

Closing Indexes Summary Feb 28

Equity markets in Paris, Frankfurt and Tokyo all lost more than two percent as USA trading partners and several leading industry groups criticized Trump's plan. The Nasdaq composite was up 10 points, or 0.1 percent, to 7,283.

The Cboe Volatility Index.VIX, the most widely followed barometer of expected near-term volatility of the S&P 500 index .SPX, closed up 1.26 at 19.85, its highest close in a week.

Wednesday's plunge left the Dow down 6 percent from its January 2018 all-time high, while the S&P 500 is off about 5.5 percent.

U.S. blue-chips have pared early losses but the Dow Jones is still showing a triple-digit fall.

As a candidate, Trump often campaigned on an "America First" trade policy, but hadn't taken many steps to implement that since he took office. The losses came in the wake of GDP data that underlined the economy's fundamental strength, although it also revived concerns that the economy was growing so quickly the Federal Reserve could become more aggressive in raising interest rates to combat an environment with higher inflation. CNBC reported that Trump will make an announcement on tariffs at 11am ET (1600 GMT).

Real Madrid vs Getafe
The evening got even worse for Getafe soon after the break when Remy was sent off. The only thing we have is to look at Tuesday and see who we are going to go with.

The net proceeds from the rights offering, along with additional borrowings under the revolving credit facility, will be used to repay in full the company's second-lien term loan, on which it is now in default.

The Standard & Poor's 500 index fell 3 points, or 0.1 percent, to 2,710.

The Nasdaq futures are down more than 53 points.

Earlier, shares of the steelmakers swung wildly amid speculation that the US government would impose tariffs or quotas on steel and aluminum imports. Shares of the company, which sells dental and animal health products, dropped $8.80, or 27.9 per cent, to $22.78.

Like-for-like sales, a key measure of a retailer's fortunes, were down 3.7% year-on-year in the 14 weeks to February 3; analysts had expected a decline of 2.4%.

Blizzard Teases Diablo III for Switch
That's certainly disappointing, because if there is a franchise that is a flawless fit for the Switch, it's Diablo . But the fact that this may be getting teased suggests that an announcement or launch date shouldn't be too far off.

On Thursday, though, he said that "I would expect that some continued strengthening in the labour market can take place without causing inflation". The company also said its chief financial officer will depart.

The shares were down 7.4% at US$42.50 ahead of the start of open outcry trading.

Like-for-like (LFL) sales growth was on the light side at 2.6% versus expectations of year-on-year growth of 2.7%.

Total revenue rose 20 per cent on a year ago to $107 million.

'Beast from East' keeps Europe in deep freeze
Yellow and Amber warnings for snow remain in place for the region and across the United Kingdom for tomorrow and into the weekend. Forecasters warned that lying snow could reach 20-30cm and possibly 40cm in a few places by mid morning on Thursday.

Related news:

Hot News

isis-killer-beheading-video-story-top Saudi CP, Sisi hold talks
Mar 05, 2018 - 01:26
The head of Prince Mohammed's office, Bader al-Asaker, tweeted that the prince's plane was escorted by Egyptian fighter jets when it entered its air space.

isis-killer-beheading-video-story-top China's top political advisory body opens annual session
Mar 05, 2018 - 01:24
Amending the Constitution is a big event in the country's political life and a major legislative activity with wide-ranging implications, he said.

isis-killer-beheading-video-story-top Ally Brooke To Perform During E!'s Oscars Red Carpet Countdown Show
Mar 05, 2018 - 01:22
As these timely questions loom, there may be more suspense during the red carpet coverage than in the Oscars show. She has to make a decision and rally around him ".

isis-killer-beheading-video-story-top Rick Ross Hospitalized & On Life Support
Mar 04, 2018 - 05:05
TMZ has said that Ross's family have denied reports that the musician is on life support . He was transported to an area hospital where he received treatment for possible pneumonia.

isis-killer-beheading-video-story-top Marine Le Pen facing jail after posting images of terror atrocities
Mar 04, 2018 - 05:04
The Front National (FN) leader is not the only member of her party facing the same charges. She later deleted the image of Foley after receiving a request from his family.

isis-killer-beheading-video-story-top Lawsuit: YouTube stopped hiring white and Asian males to improve corporate diversity
Mar 04, 2018 - 05:04
The lawsuit suggests that some of Google's efforts were clumsy, and may have been counterproductive. When Wilberg did not adhere to those rules, his performance reviews suffered, he alleges.

isis-killer-beheading-video-story-top Elton John explains storming off stage, says fan was 'rude, disruptive'
Mar 04, 2018 - 05:04
It's not a coincidence that F*cked Up and Elton John have very different approaches to onstage interactions. In a statement given to E! Then it all got a bit much for the Rocket Man who got up and left the stage.

isis-killer-beheading-video-story-top China urges United States 'restraint' in trade protection
Mar 04, 2018 - 05:02
In the past, only Mao Zedong and Deng Xiaoping , who opened up China's economy after Mao's death, were bestowed such an honor. Therefore, a lifetime president of the Democratic Republic of China might, quite rightly, seem like a major contradiction.

isis-killer-beheading-video-story-top Kylie Jenner unveils first full image of baby daughter Stormi
Mar 04, 2018 - 04:58
But despite her attractive long nails and freshly manicured hands, isn't stopping her from changing dirty diapers. Earlier this week , Kylie proved she was back to her best on social media when she revealed her post-baby body.

isis-killer-beheading-video-story-top Lamar Jackson gets plenty of attention at NFL Combine
Mar 04, 2018 - 04:56
That being said, he will not be running at the 2018 NFL Scouting Combine , and that's a shame for all the viewers. Guess we can end that whole wide receiver debate for Lamar Jackson . "I don't even know where it comes from".

isis-killer-beheading-video-story-top Avengers: Infinity War Is Heading to Theaters Even Earlier Now
Mar 03, 2018 - 00:33
Obviously that could mean anything or nothing at all, but Marvel could do with another Avengers: Infinity War trailer and some brand new footage.

isis-killer-beheading-video-story-top Ray Parlour names who the next Arsenal manager should be
Mar 03, 2018 - 00:31
And that proved to be the final straw for supporters and pundits alike and they now demand Wenger's 22-year reign comes to an end. When asked about his future at Arsenal , Wenger said he is "amazed I still have to answer these kinds of questions".

isis-killer-beheading-video-story-top 'Beast from the East' sends Europe mercury plummeting
Mar 03, 2018 - 00:30
In Belgium, one local mayor has warned homeless people they will be detained by police if they refuse to go to shelters. On Wednesday, there's more snow and more of a windchill - bringing a unbearable cold feel we're not used to.

isis-killer-beheading-video-story-top Doctors suspended after operating on wrong patient's brain, Kenyan hospital says
Mar 03, 2018 - 00:27
Just recently, KNH was hit by "baby theft" scandal after a woman managed to sneak out of the facility with someone's baby. Doctors only realised the mistake hours into the surgery "when they discovered there was no blood clot in the brain".

isis-killer-beheading-video-story-top PSG star Thomas Meunier celebrates Manchester United's win against Chelsea
Mar 03, 2018 - 00:25
Now we have to start to work this season as the league is very hard and we need to fight for a place in the Champions League. Conte's side then play Barcelona in the second leg of their Champions League last-16 tie on March 14.