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Feb 7, 2018

US Stocks Mixed in Afternoon Trading

U.S. stocks were mixed in afternoon trading Wednesday as investors try to cope with the unexpected return of volatility to stock prices throughout the world. The tone was set earlier in the day in Asia and Europe, where the Euro STOXX 50 Index gained 1.8 percent, Japan's Nikkei 225 Index inched up two-tenths of a percent, and Hong Kong's Hang Seng Index closed nearly one percent lower. For the first time since the massive sell-off began last week, U.S. President Donald Trump, who has frequently commented on market gains during his presidency, offered remarks via Twitter about the recent wild swings in stock valuations.  Trump's tweet may have been in reference to Friday's U.S. government report that the economy generated 200,000 jobs in January and that wages increased at their fastest pace in eight years. U.S. stocks have performed well since Trump entered the White House more than one year ago. The broad-based Standard & Poor's 500 Index, for example, climbed nearly 24 percent during a one-year period ending January 31. The impressive performance has help lift Trump's sagging job approval rating, according to a new Quinnipiac University National Poll released Wednesday. Forty percent of the U.S. voters surveyed approved of his performance, his best score in seven months, while 55 percent disapprove.  
by [email protected] (Wayne Lee) via Economy - Voice of America

Tariffs Will Hurt Economy, IMF Warns, as Trump Threatens More

The International Monetary Fund warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm globa...