These friendly statements and upward movements in the markets came after many were believing that the trade talks had fallen off a cliff after yesterday’s Chinese retaliatory chess move to list 5,000 items covering U.S. goods from agriculture, chemicals, fabrics & metals, approximately $60 Billion overall & ranging between 5% to 25%. These new tariffs are to take effect on June 1, 2019. Washington’s first move last week was to add 25% tariffs on $250 billion of Chinese goods that took effect last Friday at 12:01 am when the two sides failed to come to an agreement. With volatility to the upside again today the CBOE Volatility Index (VIX) closed sharply down again a whopping 12.12% closing at $18.06 realizing the daily range of $17.45 – $19.65. The 2x leverage ETF TVIX closed at $26.50 down 10.50% and traded between $25.81and $28.00 today. Dow 30 components Caterpillar (CAT) closed up 1.73% and Walmart (WMT) bumped up .40% closing above 100 again at $100.29. Out of the energy sector, Chevron (CVX) was up 1.00% ending the day at $121.64. Exxon (XOM) closed relatively flat at $75.81 up marginally at .13%. In the tech sector, Intel (INTC) pushed higher by .92% closing at $45.17/share. Microsoft (MSFT) 2got a win closing up 1.12% closing at $124.73. Apple (AAPL) recoverd from the negative zone to finish the day up1.58% at $188.66/share. Uber Technologies (UBER), the ride-sharing company who priced its IPO at $45 per share last week and raised a whopping $8.1 billion experienced its first positive trading day as it closed up 7.71% closing at $39.96/share. Disney (DIS) regain its composure and closed at $133.20 up 1.42% today. The Seattle-based biotech firm developing novel therapeutics and delivery methods to treat breast cancer and other breast conditions Atossa Genetics (ATOS) saw its shares close down 6.75% at $2.35 per share today. On Monday Atossa offered the following Q1 2019 Corporate Developments & Q1 2019 Financial Results. See Complete Story.
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