FYI: The Dow Jones Industrial Average edged higher as a rare intervention by Chinese financial regulators soothed fears over weak economic growth in the country.
The blue-chip index added 62 points, or 0.2%, to 25,444 in recent trading, a bounce that put the Dow on track for weekly gains after a bruising day Thursday. The broader S&P 500 was mostly flat, losing less than 0.1%.
The Nasdaq Composite, meanwhile, fell 0.3%, on pace for its third consecutive session of losses, as sliding shares of eBay pulled the tech-heavy index lower.
The broader stock-market gains came on the heels of an eventful trading session in Asia. The Shanghai Composite initially fell after data showed China’s third-quarter gross domestic product was the weakest since the global financial crisis. Throughout the day, China’s economic czar, central-bank governor and banking and securities regulators all came out calling for confidence in China’s economic outlook. Shares rallied, with Shenzhen A Shares and the Shanghai Composite both up 2.6% after the intervention.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-10-19/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-10-18/asia-stocks-to-track-u-s-slide-treasuries-rise-markets-wrapWSJ:
https://www.wsj.com/articles/global-stocks-tick-higher-as-chinese-shares-rebound-1539935030MarketWatch:
https://www.marketwatch.com/story/dow-poised-to-jump-100-points-at-the-open-as-stock-market-aims-to-follow-china-rebound-2018-10-19/printIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-mostly-lower-indexes-reverse-dow-jones-gain/Reuters:
https://www.reuters.com/article/us-usa-stocks/consumer-staples-lead-wall-street-rebound-idUSKCN1MT1MLCNBC:
https://www.cnbc.com/2018/10/19/wall-street-futures-point-to-a-slight-rebound-after-the-dow-sheds-300-points.htmlEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-eke-out-weekly-gains-after-choppy-session-idUSKCN1MT0Y4Asia:
https://www.marketwatch.com/story/chinese-stocks-bounce-back-despite-disappointing-gdp-numbers-2018-10-18/printBonds:
https://www.cnbc.com/2018/10/19/us-treasury-yields-rise-as-investors-monitor-a-sell-off-in-italy.htmlCurrencies:
https://www.cnbc.com/2018/10/19/forex-markets-euro-italian-budget-in-focus.htmlOil:
https://www.cnbc.com/2018/10/19/oil-markets-us-crude-stocks-us-china-trade-war-jamal-khashoggi-in-focus.htmlGold
https://www.cnbc.com/2018/10/19/gold-markets-asian-stocks-china-gdp-europe-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
