Richard’s Thoughts on the 200-day Moving Average
After opening a little lower, US stocks quickly followed overseas markets by turning positive – where they stayed for the rest of the day. Today's big concern was how stocks would react to the actual start of US and Chinese tariffs; the answer was, nobody was bothered by what they knew was coming for a long time. Neither country went nuts (so far) by ratcheting things up, so stocks let out a long breath of relief and moved higher.
The Asia Dow was up 0.55% and the STOXX 600 rose 0.2%, with virtually no exceptions to the slightly higher trend of the day. The Dow Industrials sold off a bit at the close, but still finished with a 100 point, or 0.41% gain, aided by a strong jobs report. The S&P 500 rose 0.85%, the NASDAQ gained 1.34%, and the S&P Small Cap Index was up 0.77% on a day ... Log in or subscribe to continue reading.
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