Dow shares were down 9.4% at $27.51 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were up 0.1% and down 0.4%, respectively. Before the cut, Dow stock yielded more than 9%. Based on the new payout and premarket price, the yield is about 5%.

US stocks held steady after President Trump visited the Federal Reserve and Wall Street digested the latest batch of corporate earnings.

The S&P 500 on Thursday registered it’s 15th record high of the year.

The Dow fell 312 points, or 0.7%.

The Dow Jones Industrial Average rallied 507 points, or 1.1%, and the Nasdaq composite climbed 0.6% to hit its own record. Stocks jumped even more in Tokyo, where the Nikkei 225 rallied 3.5% after President Donald Trump announced a trade framework that would place a 15% tax on imports coming from Japan.

U.S. automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competito...

The deal stabilizes the global trade outlook by imposing a 15% tariff on Japanese goods — down from a threatened 25% — while Japan commits to investing $550 billion in the U.S. economy, a boost to U....