Investors digested the results of Special Counsel Robert Mueller’s report on Monday which found that there was no evidence of collusion between the Trump campaign and Russia. Stocks were mixed to end the day with the Dow up 0.06% (14.51 points). The other two indices closed out the session with losses. The S&P 500 was down 0.08% (2.35 points) and the Nasdaq had fallen 0.07% (5.13 points).
Individual components of the Dow were mixed today with some seeing gains and others dealing with losses. Boeing (BA) was the highest riser today with an increase of 2.29%. Caterpillar (CAT) came in second as it climbed 1.24%. Apple (AAPL) fell 1.21% after announcing a set of new services at an event today. These services include Apple News+, Apple Card, Apple Arcade, and two streaming services called Apple TV Channels.
Outside of the Dow, Atossa Genetics (ATOS) ended the day up 3.80% as trade closed.
Although stocks trended lower today, not all analysts were convinced that this was a direct result of the news released by Attorney General William Barr over the weekend. Paul Donovan, an economist with UBS Global Wealth Management, explained his opinion that “the publication of notes on the Muller investigation into U.S. President Trump’s Russian relations is not likely to be a major market event (the investigation itself was not a major market event). Donovan noted, “The failure to exonerate the president over obstruction of justice might lead to more investigations, tying up White House time; the policy impact from that is likely to be limited.”
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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