Saturday , June 10 2023

Wild Week on Wall Street



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The wild ride starts Monday after the Dow is about 400 points lower, or 1.5% off. The S&P 500 and Nasdaq also closed 1.2% lower.

The ongoing trade between China and the United States has put a lot of weight on investors' minds. The risk is that tight-for-tariff warfare between the world's two largest economies can turn an economic downturn into a recession.

Gold and ultra-secure government bonds are iles of money. The 10-year Treasury Yield and the 30-year Treasury Yield begin to decline.

China sensitive stocks including Eagle (Cat), Deere (D.E.), And Boeing (BA) All decrease by more than 1%.

Tuesday, August 13th

Monday's loss is reversed, with the Dow rising after the United States decided to impose some tariffs on Chinese goods.
A U.S. trade representative has postponed new tariffs until December 15 in several categories of Chinese-made consumer goods. Those products include cell phones, laptop computers, video game consoles, some toys, computer monitors and footwear, and some clothing items.
The biggest winners in the market include tech stocks. Apple (AAPL) Chipmakers while up 4% Nvidia (NVDA) And Intel (INTC) Is about 3%.

The Dow is close to 400 points higher, with Nasdaq up 2% and S&P up 1.5%.

Wednesday, 14th Gust

At the risk of stimulating post-traumatic stress among investors, these stocks are the worst day of 2019.
The Dow immediately opened 400 points lower, after a warning sign in the bond market that there was a very accurate track record for forecasting the downturn. This is the first time in a decade that he did it.

10 year US Yield on Treasury bonds goes below the yield on US 2-year bonds, both staying around 1.58% in the late afternoon. When short-term rates are higher than long-term bond yields, which is known as a negative yield curve. 3 months US The Treasury is already in spring against 10 years.

Closing 800 points lower or 3% in the Dow increases day-to-day losses. The S&P 500 and the Nasdaq are closed by similar periods.

Despite all the bearish news, analysts still do not expect the US to see the continued strength of the economy this year. Enters the recession. Unemployment is historically low, consumer spending booms and the financial system is healthy.

William Foster, a leading US analyst at Capital, predicts that the U.S. The economy will avoid recession despite the warning signs of a yield curve inversion in 2019 and 2020. But it expects growth to slow down in the second half of this year in 2020.

Thursday 15th August

Wednesday's freefall will not continue to be kind until Thursday. Dow then closes 100 points more Walmart (Wmt) Reports strong earnings, and China says it is in the U.S. The accompanying trade remains optimistic for war resolution.
General Electric (GE)However, it is the worst day of more than a decade. The stock plunged 11% after an accounting investigator accused him of financial fraud. GE strongly denies the allegations.

Friday August 16th

Dow ends 307 points higher or 1.2% higher. The S&P 500 rose 1.4% and the Nasdaq rose 1.7%. However, it was the third week of losses for the three largest indices.

US Shares rose after bond yields and Europe and China signaled plans for additional stimulus to boost their economy following the global trade war. China's National Development and Reform Commission says it will boost stimulus to support the country's economy and stabilize employment.

– CNN Business & # 39; s Victoria Cavalier, Matt Egan, David Goldman & Paul & Paul R. La Monica contributed to this report.

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