FYI: Markets got off to a hot start this week on rising optimism that a renewed trade pact with Mexico and Canada would come to fruition by week’s end. Momentum turned on Thursday, snapping a four-day win streak for the major indexes, when a shaky Argentine peso sparked fresh fears in emerging markets and reports surfaced of an additional $200 billion in tariffs on Chinese goods. And on Friday, trade negotiations between the U.S. and Canada broke off without a deal, sending the Dow Jones Industrial Average down 22.10 points. Despite the end-of-week slump, all major indexes closed with weekly gains ahead of the holiday weekend.
Regards,
Ted
https://blogs.wsj.com/moneybeat/2018/08/31/the-score-the-business-week-in-7-stocks-5/
