FYI: U.S. stocks flipped between gains and losses Thursday as investors weighed signs of improving trade relations between the U.S. and China, along with concerns about a creeping economic slowdown.
The Dow Jones Industrial Average was up 70 points, or less than .29%, to 24597, losing steam in afternoon trading after climbing more than 150 points earlier in the session. The S&P 500 fell 0.3%, after ending higher two of the past three trading days. The technology-heavy Nasdaq Composite lost .39%. All three major indexes are on course to end the week higher.
Broad losses among materials, financials and consumer-discretionary shares weighed on the S&P 500. Meanwhile, defensive-oriented stocks, such as real estate and utilities, added about 1%.
Thursday’s mixed trading session came after U.S. stocks rebounded Wednesday as The Wall Street Journal reported that China was set to introduce an industrial policy that is friendlier to foreign businesses.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-rise-on-trade-optimism-11544690736Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-12-13/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-12-12/asia-stocks-face-mixed-start-pound-holds-advance-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-mixed-open-as-trade-concerns-loom-2018-12-13/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-beats-nasdaq-transportation/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-edges-lower-as-trade-fueled-rally-loses-steam-idUSKBN1OC1O8CNBC:
https://www.cnbc.com/2018/12/13/stock-markets-wall-street-hopes-rise-over-us-china-trade-breakthrough.htmlEurope:
https://www.marketwatch.com/story/italy-stocks-stand-out-in-europe-where-ecb-grabs-the-spotlight-2018-12-13/printAsia:
https://www.marketwatch.com/story/asia-stocks-rally-into-a-second-day-with-hong-kong-markets-in-the-lead-2018-12-12/printBonds:
https://www.cnbc.com/2018/12/13/bond-market-treasury-yields-fall-us-china-trade-talks-data-in-focus.htmlCurrencies:
https://www.cnbc.com/2018/12/13/currencies-pound-gains-after-pm-may-survives-vote-us-dollar-steady.htmlOil:
https://www.cnbc.com/2018/12/13/oil-prices-up-amid-us-stockpile-drop-signs-of-easing-trade-tensions.htmlGold
https://www.cnbc.com/2018/12/13/precious-metals-gold-edges-lower-palladium-hits-record-high.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
