|Day's Range||9.61 - 9.61|
The Department of Labor is set to deliver its November jobs report at 8:30 a.m. ET Friday.
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
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
The next generation of threats to U.S. security could come from cyberattacks, and a potential worst-case scenario is an attack that completely shut down U.S. internet access nationwide. It may seem like a far-fetched idea that the entire nation could lose internet access for 24 hours or longer, but Russia is preparing for just that scenario. Back in May, Russia passed a law to create an internal parallel mirror of the internet that could be used to keep the country’s internet access up and running in the event of a cyberattack. How Much Does The Internet Add To The Economy?
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.
The ‘phase-one’ part of the deal is lame, and Republicans know it. For investors, the spat with China keeps a lid on stock prices.
Sen. Kamala Harris said Tuesday she is ending her bid for the Democratic nomination for president. Harris has struggled to gain polling traction, registering in single digits in a Democratic field that still includes 15 people vying to try to unseat President Donald Trump. "My campaign for president simply doesn’t have the financial resources we need to continue," she said in a note to supporters posted on Medium.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
President Donald Trump said Tuesday that a trade agreement with China may not until after the U.S. presidential election in November 2020, injecting further volatility into markets. “I have no deadline, no. In some ways, I think I think it’s better to wait until after the election with China,” Trump told reporters in London, according to Reuters. Trump on Tuesday also reacted to an earlier comment by French President Emmanuel Macron where he referred to the “brain death” of the North Atlantic Treaty Organization.
JPMorgan projects U.S. stock market gains in 2020, as retail investors pour more money into equities after being cautious in 2019.