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The Closing Bell: U.S. Stocks Mixed On Trade Optimism, Economic Concerns

TedTed
edited December 2018 in The Bullpen
FYI: U.S. stocks flipped between gains and losses Thursday as investors weighed signs of improving trade relations between the U.S. and China, along with concerns about a creeping economic slowdown.

The Dow Jones Industrial Average was up 70 points, or less than .29%, to 24597, losing steam in afternoon trading after climbing more than 150 points earlier in the session. The S&P 500 fell 0.3%, after ending higher two of the past three trading days. The technology-heavy Nasdaq Composite lost .39%. All three major indexes are on course to end the week higher.

Broad losses among materials, financials and consumer-discretionary shares weighed on the S&P 500. Meanwhile, defensive-oriented stocks, such as real estate and utilities, added about 1%.

Thursday’s mixed trading session came after U.S. stocks rebounded Wednesday as The Wall Street Journal reported that China was set to introduce an industrial policy that is friendlier to foreign businesses.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-rise-on-trade-optimism-11544690736

Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-12-13/your-evening-briefing

Bloomberg:
https://www.bloomberg.com/news/articles/2018-12-12/asia-stocks-face-mixed-start-pound-holds-advance-markets-wrap?srnd=premium

MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-mixed-open-as-trade-concerns-loom-2018-12-13/print

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-beats-nasdaq-transportation/

Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-edges-lower-as-trade-fueled-rally-loses-steam-idUSKBN1OC1O8

CNBC:
https://www.cnbc.com/2018/12/13/stock-markets-wall-street-hopes-rise-over-us-china-trade-breakthrough.html

Europe:
https://www.marketwatch.com/story/italy-stocks-stand-out-in-europe-where-ecb-grabs-the-spotlight-2018-12-13/print

Asia:
https://www.marketwatch.com/story/asia-stocks-rally-into-a-second-day-with-hong-kong-markets-in-the-lead-2018-12-12/print

Bonds:
https://www.cnbc.com/2018/12/13/bond-market-treasury-yields-fall-us-china-trade-talks-data-in-focus.html

Currencies:
https://www.cnbc.com/2018/12/13/currencies-pound-gains-after-pm-may-survives-vote-us-dollar-steady.html

Oil:
https://www.cnbc.com/2018/12/13/oil-prices-up-amid-us-stockpile-drop-signs-of-easing-trade-tensions.html

Gold
https://www.cnbc.com/2018/12/13/precious-metals-gold-edges-lower-palladium-hits-record-high.html

WSJ: Markets At A Glance:
https://markets.wsj.com/us

Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures:
https://finviz.com/futures.ashx



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