NEW YORK (AP) — U.S. stocks are slightly higher Wednesday as Urban Outfitters and Target climb. That's helping many retailers recover some of the sharp losses they took a day earlier. Technology companies are rising as well, but energy companies are falling as the price of oil turns lower.
Stocks briefly regained some ground after minutes from the last Federal Reserve meeting. The minutes showed policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory. Trump's move came after two more CEOs resigned from the manufacturing council on Wednesday in response to the president's comments on the Charlottesville violence over the weekend.
The members of Trump's main business council agreed to disband the group shortly before President...
Union Pacific is laying off 500 managers and 250 other railroad workers to reduce costs.
Yahoo Finance is tracking Amazon, Cisco and L Brands in intraday trading on Wednesday. Trump is targeting Amazon (AMZN) once again, blasting the e-commerce giant in a tweet this morning for hurting retailers and causing job losses. The attack on Twitter pushed shares of Amazon into the red ahead of the bell.
The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos. Speaking at the start of the talks in Washington, U.S. President Donald Trump's top trade adviser, Robert Lighthizer, said Trump was not interested in "a mere tweaking" of the 23-year-old pact, which he blames for hundreds of thousands of job losses to Mexico.
