The Market Falls Again on Trade Worries

by Marilou Moursund on May 9, 2019

in equity market,free trade,Geopolitical

After a quiet day yesterday, the market is again falling on the possibility of a protracted trade war with China. From the linked CNBC article:

Stocks steadied Wednesday after two days of brutal selling that particularly slammed companies and sectors with exposure to China, like Caterpillar and the semiconductor industry. The market lost its gains late in the day, and the Dow closed barely higher while the S&P 500 was down 4, at 2,879.

Ed Keon, chief investment strategist at QMA, said the situation remains uncertain. “The odds of something going wrong are much higher today than they were last Friday, when there was pretty much consensus that deal was going to be done and we would have an announcement,” he said.

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