As Saudi Arabia and four other Arab states cut diplomatic ties with Qatar on Monday, the threat to the
The MSCI All Country World Index retreated for a second day, led by losses in Chinese shares. A rally in energy producers benefited stocks in Australia and Europe.
President Trump deserves credit for the stock market rally, as he has unleashed “animal spirits.”
No wonder it’s being called the Trump rally. But that was yesterday. The more important question now is who holds the most power over this rally in the weeks and months ahead?
The continued drop in oil has got stocks rolling over again," said Peter Coleman, head trader at Convergex. "A little out of stocks into bonds."
U.S. crude was off 13 cents, or 0.27%, at $48.36 at 08:00 ET after dipping below $48.
President Donald Trump has pledged to turn around the fortunes of America's largely bankrupt coal industry and shred Obama administration efforts at combatting climate change.