|Day's Range||25,564.63 - 25,883.72|
|52 Week Range||21,712.53 - 26,951.81|
Retail sales took a dive in December, the Commerce Department belatedly said last week, in a release delayed by the federal government’s shutdown. The drop of 1.2% was so far out of line with economists’ forecasts that some practitioners of the dismal science pronounced the government’s data to be simply wrong. Philippa Dunne and Doug Henwood, who pen the TLR on the Economy advisory, point out the monthly retail sales release is perhaps the most revised report to come out of the government’s statistics mill. Even so, it was a shocker.
Trade talks delivered strong gains across the European and U.S equity markets last week. What’s on the horizon for the DAX and EUR?
All three major stock indexes ended the day in the black, buoyed by hope that the U.S. and China are making progress in their trade talks. News that President Donald Trump declared a national emergency to get money for a border wall failed to derail the gains.
STOCKSTOWATCHTODAY BLOG The Dow Jones Industrial Average is still heading higher, even though President Donald Trump declared a state of emergency. Optimism over trade is overshadowing domestic politics.
Investing.com - The Dow wrapped up the week in strong form Friday, notching an eighth-straight week of gains as optimism that the U.S. and China were closing in on a trade deal triggered a sea of green across Wall Street.
Lousy industrial production data? A state of emergency? The market cares not about these things as long as China and the U.S. are still talking trade.
Optimism over a possible trade deal between the U.S. and China has made investors forget about a possible “state of emergency” being declared.
Trade optimism and better than expected US data help lift stock in early trading, reversing losses in the Thursday session.
Deere’s earnings fell short of forecasts. Trade conflicts are weighing on farmers minds, but U.S. and Chinese officials are still talking. Today, the Dow looks to make it seven straight winning weeks as investors move into the long weekend.
Donald Trump has threatened to declare a state of emergency, while U.S. and China appear to have agreed to keep talking trade.