The event that markets were anticipating was President Trump’s speech at the New York Economic Club. Trump’s comments were generally taken positively as they conveyed a sense of progress regarding US-China negotiations toward a trade deal though no details had been...
Very little happened on the domestic front as today is Veterans Day, a market holiday, and the US stock market was closed (index futures, however, were trading) with nothing in the way of major economic reports. The Dow advanced 0.04% or 10.25 points, ending the day...
Stocks hit record highs on trade optimism—here’s where 3 experts stand on what’s ahead Source: CNBC “U.S. and Chinese trade authorities agreed Thursday to a plan that would roll back existing tariffs on each side’s goods…Experts said the move would undoubtedly...
If the Dow, S&P 500, and Nasdaq surged to new record highs yesterday on US-China trade optimism, then all three pulled back today as that optimism waned. That’s the thing about headline risk driving market sentiment–one can take you up as easily as another...
Headline risk worked in favor of the markets today as investors cast off safety in bonds to pile on risk in equities following reports that the US and China have agreed to gradually roll back some of the existing tariff load. China’s Commerce Ministry spokesperson...
All three indexes–the Dow, S&P 500, and the Nasdaq–advanced to record levels today, with the Dow as the sole index to close at an all-time-high. The market overall was fueled by optimism on Q3 earnings results and trade discussions between the US and...
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