FYI: U.S. stocks fell for a third consecutive session Wednesday, continuing a recent pullback as analysts looked ahead to an update on global trade policy and Friday’s jobs report.
The Dow Jones Industrial Average dropped 133 points, or 0..52%, to 25673 , extending its slide in midday trading. The S&P 500 shed 0..65%. Both benchmarks were on track for a sixth decline in the past seven sessions, though they remain up more than 10% for the year. The tech-heavy Nasdaq Composite declined 0..93%.
Figures Wednesday showed the U.S. posted its widest monthly trade gap since 2008 in December and a record annual deficit in goods as sturdy economic growth underpinned higher spending by consumers and businesses.
Elsewhere, the Stoxx Europe 600 edged down less than 0.1% as Brexit negotiations dragged on with just weeks to go before the deadline for the U.K. to leave the European Union. With weak economic growth across Europe continuing to worry investors, the European Central Bank’s latest statement will be in focus early Thursday.
Japan’s Nikkei Stock Average edged down 0.6%, while the Shanghai Composite rose 1.6% to extend a recent winning streak. Hong Kong’s Hang Seng Index ended up 0.3%.
Nine of the eleven S&P 500 Sectors led by Healthcare were losers, while Materials & Utilities finished in positive territory.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-03-06/your-evening-briefingWSJ:
https://www.wsj.com/articles/global-stocks-pause-ahead-of-u-s-trade-figures-11551862832Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-05/stocks-in-asia-set-for-muted-start-dollar-gains-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/sector-falls-harder-nasdaq-dow-jones-this-industry-group-rebounding/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-eyes-third-day-of-losses-as-healthcare-sector-weighs-idUSKCN1QN1I2CNBC:
https://www.cnbc.com/2019/03/06/stock-market-investors-monitor-us-china-trade-adp-employment-data.htmlU.K.:
https://www.marketwatch.com/story/london-markets-inch-up-flat-as-weaker-pound-fails-to-support-ftse-just-eat-drops-4-2019-03-06/printEurope:
https://www.marketwatch.com/story/europes-markets-mixed-as-banking-and-auto-feel-the-heat-2019-03-06/printAsia:
https://www.marketwatch.com/story/asian-markets-mostly-higher-paced-by-china-2019-03-05/printBonds:
https://www.cnbc.com/2019/03/06/bonds-treasury-yields-fall-amid-us-china-trade-developments.htmlCurrencies:
https://www.cnbc.com/2019/03/06/forex-markets-greenback-aussie-dollar-in-focus.htmlOil:
https://www.cnbc.com/2019/03/06/oil-markets-us-crude-production-and-inventories-opec-in-focus.htmlGold
https://www.cnbc.com/2019/03/06/gold-markets-dollar-us-china-trade-stock-markets-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
