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“Not Worn Out Yet” – Vista Partners Daily Market Recap 4/3/2019

By John F. Heerdink, Jr.
U.S. stocks rose again on Wednesday after seeing some mixed results during Tuesday’s session. The S&P 500 closed out the session up 0.21% (6.16 points) while the Nasdaq climbed 0.60% (48.84 points). The Dow briefly dipped into the red a few times today, but when the final bell rang, the index was up 0.15% (39.00 points). The index was fairly evenly split between components seeing gains and those dealing with losses. DowDuPont (DWDP) led the way in gains today with an increase of 2.36%. Home Depot (HD) also did well as it climbed 2.21% by the time the market closed. On the other end of the spectrum, Boeing (BA) saw the largest losses as its stock slipped 1.54%. Atossa Genetics (ATOS) also saw stock slip today. The company had fallen 3.67% as trade ended. Despite a seemingly endless deluge of headlines detailing updates in China-U.S. trade negotiations, investors showed today that they weren’t worn out with them yet. A report from the Financial Times on Tuesday hinted that the two countries may be getting closer to a resolution. Representatives from both China and the U.S. will meet again this Wednesday to try and iron out some still-existent wrinkles such as whether the U.S. will keep its tariffs on Chinese goods once a deal is reached.
Chris Beauchampj, an analyst with the IG Group, explained what the markets reactions to news about the trade negotiations in the past few days means. “You might think that the market is bored of trade war headlines, or ones suggesting progress anyway, but the revival in equities over the past few days suggests that the stock market is still very keen on a deal being done, with the potential for existing tariffs to be reduced or dropped entirely.”
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: 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. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here!

S&P 500 posts fifth straight day of gains amid positive trade reports

U.S. stocks ended higher amid positive reports for a U.S.-China trade deal and growth in eurozone economies…
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