|Day's Range||32.00 - 32.63|
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
Chances of a phase-one U.S. China trade deal is likely to be the main focus of investors before mid-December. Bet on dividend ETFs to steer clear of the uncertainty
U.S. markets and stock ETFs rebounded after U.S. President Donald Trump said talks with China were going "very well," allaying some of the prior fears that a deal would be delayed. On Wednesday, the Invesco QQQ Trust (QQQ) was up 0.6%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.6% and SPDR S&P 500 ETF (SPY) rose 0.7%. Analysts argued that markets are putting hopes on an initial accord being hashed out between the U.S. and China as U.S. negotiators anticipate a phase-one deal with China to be completed before the mid-December scheduled tariff hikes, the Wall Street Journal reports.
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
U.S. markets and stock ETFs continued to retreat after President Donald Trump showed willingness to push back a trade deal until the next election and further added to the uncertainty by threatening new tariffs on other countries. On Tuesday, the SPDR Dow Jones Industrial Average ETF (DIA) fell 1.0% while the SPDR S&P 500 ETF (SPY) dropped 0.7%. Markets reeled after Trump stated there was “no deadline” for reaching a trade accord with China, adding that he liked “the idea of waiting until after the election” to finalize a deal, the Wall Street Journal reports.
U.S. markets and stock ETFs slid Monday after an update on the manufacturing sector and a new round of trade concerns weighed on investors. On Monday, the SPDR Dow Jones Industrial Average ETF (DIA) dropped 0.7% while the SPDR S&P 500 ETF (SPY) fell 0.6%. Trade was brought back to the forefront of concerns after President Donald Trump said on Twitter that he would reinstate tariffs on steel and aluminum imports out of Brazil and Argentina, arguing that the two countries weakening currencies were a major contributing factor, the Wall Street Journal reports.
Current market optimism, trade developments, upbeat oil prices and easing growth tensions are pointing toward a solid year-end rally. Play these top-ranked ETFs and stocks.
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.