WEDNESDAY – U.S. stock indexes barely moved on Wednesday as shares of FedEx fell while investors awaited a policy decision by the Federal Reserve.
At 10:00 a.m. ET, Dow Jones Industrial Average was down just about 100 points. S&P 500 and Nasdaq 100 were also little changed.
Concerns over global growth and U.S.-China trade talks were also renewed to keep stock gains subdued.
Bloomberg News reported some U.S. officials are worried China could walk back on some concessions. However, The Wall Street Journal said U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin both plan to travel to Beijing next week for another round of negotiations with Chinese Vice Premier Liu He. These reports buffeted stocks on Tuesday.
The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment.
In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, dipped 0.4 percent.
No economic data are expected on Wednesday, however, on the earnings front, General Mills is set to report its results before the bell and Williams-Sonoma will report after the bell.
Don’t forget to check out the web’s top penny stock picks, with the latest stock pick being published just yesterday.
The best penny stock picks for 2016
94.57% Average Peak Gain
Falcon’s Penny Stock Picks
You’ve most likely heard about penny stocks from advertisements you’ve read on the Internet or from emails you’ve received. If you’ve got some extra money that you’d like to put into the market to generate big returns, you may want to consider small-cap and micro-cap stocks. These stocks can be very risky, though, so you have to know how to trade them well.
Our September 23 penny stock pick, PLNR finally hit that double it was coming so close to.
Picked on Tuesday, Sept. 23 when it last traded at $4.03, Planar Systems, Inc. shares traded as high as $8.12 today, Friday, December 5. That’s a new 52-week high as well and a potential peak gain of 101% in just over 10 weeks.
Congrats to our readers that decided our PLNR pick was for them and thanks to all those that complimented us on our research report on the stock.
100% Unbiased, Guaranteed. We do not own shares and are never compensated in any way to pick our stocks. We have no vested interest in the stocks we pick… only to make our readers happy.