Stock markets around the world saw sharp declines in response to President Trump’s imposition of tariffs and retaliatory actions by Canada and Mexico.
Fed policy talk and China’s retaliatory tariffs couldn’t spook the markets. It was the President’s tweets that sent the markets into a tailspin. With tariff increases on the horizon, we can be somewhat certain that more uncertainty and volatility will likely ensue for the transportation stocks.
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
A climbing stock market could have consumers reaching for their wallets more often and making bigger purchases, helping sustain retail growth throughout the summer.
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
Despite weakness across global markets in May, as well as increased global trade hostilities, the German auto/truck manufacturer plans to move forward with the IPO.
