MILAN (Reuters) - A heavy sell-off on Wall Street sent European shares tumbling on Tuesday with oil stocks leading the decline as crude prices extended their losses and Royal Dutch Shell <RDSa.AS> tumbled on reports of a possible acquisition.The pan-European STOXX 600 <.STOXX> index was down 0.5 percent by 0811 GMT, getting closer to the two-year lows hit last week, with mounting worries over slowing economic growth shifting the focus to possible action by policy makers.gi A speech by Chinese President Xi Jinping which investors had hoped could lift morale had no impact, moving the attention to the Federal Reserve which is almost certain to raise interest rates at the end of its two-day meeting on Wednesday.Traders say a cut to the Fed's rate hike projections could provide support to equities. "... The big question remains, will (Fed Chairman) Jay Powell remove or include the 'gradual increases' reference to the 2019 dot plots," said OANDA trader Stephen Innes.The STOXX 600 … [Read more...] about Wall Street sell-off keeps European shares near two-year lows
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Wall Street, Congress react to federal judge ruling Obamacare unconstitutional
Washington — There was fallout on Wall Street on Monday following a Texas judge's ruling that the Affordable Care Act is "unconstitutional" and should be thrown out. The decision came in response to a lawsuit filed by 18 Republican state attorneys general. Health care stocks tumbled after the Friday ruling as more than a dozen states vowed to appeal. "We have never faced as imminent a threat to the health of our people as we face right now," said Kentucky Attorney General Andy Beshear. If upheld, the ruling by U.S. District Judge Reed O'Connor of Texas would eliminate all of Obamacare's provisions — including Medicaid expansion, protections for preexisting conditions and the ability of children to stay on their parents' insurance until age 26. "This decision is devastating. the good news is that the judge seemed way off the deep end," Sen. Chuck Schumer said. O'Connor declared Friday the individual mandate requiring all Americans to buy insurance is unconstitutional, … [Read more...] about Wall Street, Congress react to federal judge ruling Obamacare unconstitutional
Wall Street tumbles with Dow closing down more than 500 points
Dec 17 (Reuters) - Wall Street's three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.The Dow Jones Industrial Average fell 507.73 points, or 2.11 percent, to 23,592.78, the S&P 500 lost 54.12 points, or 2.08 percent, to 2,545.83 and the Nasdaq Composite dropped 156.93 points, or 2.27 percent, to 6,753.73.(Reporting By April Joyner Editing by Sonya Hepinstall) More from Aol.com: Wall Street tumbles on global economic worries; J&J drags S&P, Dow Dow rallies more than 350 points amid optimism surrounding US-China trade talks Wall Street ends choppy session higher Tags Dow Dow Jones Industrial average markets S&P 500 wall street … [Read more...] about Wall Street tumbles with Dow closing down more than 500 points
Markets Right Now: Stocks turn mixed on Wall Street
Updated 8:55 am PST, Thursday, December 13, 2018 FILE- In this Dec. 6, 2018, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 13. FILE- In this Dec. 6, 2018, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 13. Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE- In this Dec. 6, 2018, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 13. FILE- In this Dec. 6, 2018, file photo specialist Peter Mazza works at … [Read more...] about Markets Right Now: Stocks turn mixed on Wall Street
Asian shares advance following strong Wall Street finish
Elaine Kurtenbach, Ap Business Writer Updated 9:44 pm PST, Wednesday, December 12, 2018 A visitor sits in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, Dec. 13, 2018. Shares rose in Asia on Thursday after a strong overnight finish on Wall Street. less A visitor sits in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, Dec. 13, 2018. Shares rose in Asia on Thursday after a strong overnight finish on Wall ... more Photo: Yam G-Jun, AP Photo: Yam G-Jun, AP Image 1 of / 4 Caption Close Image 1 of 4 A visitor sits in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, Dec. 13, 2018. Shares rose in Asia on Thursday after a strong … [Read more...] about Asian shares advance following strong Wall Street finish