|Day's Range||75.70 - 75.70|
Following a slight sell-off in the U.S. stock market, shares in Asia are giving mixed signals on Wednesday, Oct. 16. Hong Kong stocks climbed, while Tokyo and Sydney equities have dipped slightly. The ...
U.S. markets and stock ETFs faltered Wednesday after weak U.S. economic data and lingering geopolitical risks kept investors from taking further risk-on bets, despite the overall positive earnings results. ...
On Tuesday, the Invesco QQQ Trust (QQQ) was up 1.3%, SPDR Dow Jones Industrial Average ETF (DIA) rose 1.0%, and SPDR S&P 500 ETF (SPY) gained 1.1%. Traders were going into the earnings season with muted expectations after a protracted trade war and economic weakness weighed on the growth outlook.
Regular trading hours are 9:30 a.m. to 4 p.m. ET, but the major U.S. stock exchanges close early on certain days ahead of or just after market holidays.
On the surface it appears that China and Wall Street won this round of the trade deal. China has taken advantage of the U.S. over the past 40 years. Let’s discuss a potential game plan for investors with the help of a chart.
U.S. markets and stock exchange traded funds were stuck in sideways action, following three consecutive days of back-to-back gains, as a lackluster tentative U.S.-China trade deal kept markets in a holding pattern ahead of the third-quarter earnings season. On Monday, the Invesco QQQ Trust (QQQ) up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was flat and SPDR S&P 500 ETF (SPY) dipped 0.1%. The negotiations that ended last week revealed the U.S. and China took a major step to ease the protracted trade war that has weighed on global economy, but the dearth of details left investors wanting, Reuters reports.
U.S. markets and stock ETFs rallied Friday on growing optimism of progress between the U.S. and China trade delegation, with President Donald Trump providing an upbeat evaluation of trade talks. On Friday, the Invesco QQQ Trust (QQQ) was up 1.8%, SPDR Dow Jones Industrial Average ETF (DIA) rose 1.5%, and SPDR S&P 500 ETF (SPY) gained 1.5%. The stock markets strengthened on hopes that the two largest economies in the world can reach an accord and that Beijing is willing to compromise with Washington before the White House hikes tariffs to new levels next week, along with imposing additional levies in December, the Wall Street Journal reports.
With most blue-chip companies earnings scheduled over the coming weeks and sentiments being mixed, investors should closely monitor the movement of the Dow ETF and grab an opportunity that arises from a surge in any of the 30 stocks.
What matters, according to the market, are the trade talks between the U.S. and China, and that any possible agreement (on pulling back higher tariffs, etc.) would be a revitalizing tonic.
U.S. markets and stock ETFs maintained their momentum Thursday after President Donald Trump said he would meet with the Chinese trade delegation, adding to hopes of a trade deal. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5%, and SPDR S&P 500 ETF (SPY) gained 0.6%. Trump on Twitter said he would meet Chinese Vice Premier Liu He, the head of the Chinese negotiating team, at the White House Friday, dispelling fears earlier that Chinese leaders would be leaving a day earlier than expected, the Wall Street Journal reports.
U.S. markets and stock ETFs strengthened Wednesday as investors tried to maintain optimism ahead of high-level trade talks between the United States and China on Thursday.
U.S. markets and stock ETFs strengthened Wednesday as investors tried to maintain optimism ahead of high-level trade talks between the United States and China on Thursday. On Wednesday, the Invesco QQQ Trust (QQQ) was up 1.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.8%, and SPDR S&P 500 ETF (SPY) gained 1.0%. Market participants looked optimistically to trade developments on news that China was open to reaching a partial deal, the Wall Street Journal reports.
Though buying back t-bills is apparently a major part of the Fed's new plan, Powell stated "in no sense is this QE." He will have a chance to clarify today.
Stock futures rose on October 9 after Bloomberg reported that China is ready for a "partial trade deal." US-China talks are slated to start on October 10.