FYI: It was a rough week for the markets as trade fears continued to spook investors. The S&P 500 (^GSPC) slid 4.6%, the Nasdaq (^IXIC) tumbled 4.93%, and the Dow (^DJI) sank 1,149.51 points to close out the week. It was the worst week for all three of the major indices in more than eight months. Optimism followed the G20 summit in Argentina a week ago, but the arrest of Huawei’s CFO in Canada infuriated the Chinese and threatened to dampen trade negotiations.
“Despite the agreement on some issues, markets are still skeptical as to whether the Trump-Xi meeting was as successful as initially perceived,” Wells Fargo said in a note on Friday. “Looking ahead, the prospect for a trade deal within the 90-day time frame, in our view, is unlikely.”
Regards,
Ted
https://finance.yahoo.com/news/google-heads-hill-know-week-ahead-153136421.html
