The President may have declared a national emergency on Friday, but the market stayed cool as a cucumber as US stocks rose. The S&P 500 was up 1.09% (29.87 points) while the Nasdaq rose 0.61% (45.46 points). The Dow was the biggest gainer of the three with an increase of 1.74% (443.86 points).
Almost all of the companies in the Dow saw gains today with some of them doing quite well. Goldman Sachs (GS) was the top dog with an increase of 3.10% and JP Morgan (JPM) was next as it rose 3.06%. DowDuPont (DWDP) came in next with gains of 3.02% – not shabby.
Outside of the Dow, Atossa Genetics (ATOS) ended the session down today, dropping 1.31%.
Once again, trade headlines played a major part in determining how the market performed today – and luckily, they were pretty positive. Chinese President Xi Jinping confirmed that after this week’s talks in Beijing, negotiations will move back to Washington to continue next week. As the deadline for the negotiations creeps ever closer, investors are hoping that a deal can be reached by that time or that the President will hold off on slapping new tariffs on Chinese goods as he suggested would be a possiblity this week.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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