U.S. markets slumped on Tuesday following news China is threatening retaliation following the Senate's passage of a bill expressing support for Hong Kong's autonomy. The House will vote on the measure, which weighed on market sentiment, and could complicate trade talks with China.Mixed numbers from the Retail sector was also a drag as the 3Q earnings season continues to wind down. The major...
Continue reading >>
...
Continue reading >>
...
Continue reading >>Keep an eye on Canopy Growth (CGC).After a vicious pullback on earnings, and slowing industry growth, the stock is showing signs of life. Not only did Bank of America Merrill Lynch just upgraded the stock to buy from neutral, the House Judiciary Committee is planning a markup on the Marijuana Opportunity Reinvestment and Expungement Act (More Act). “Our marijuana laws disproportionately harm...
Continue reading >>
Dow Jones Industrial Average drops 112 points The Dow slid 112.93 points, or 0.40% to 27,821.09. The S&P 500 pulled back 0.38% to close at 3,108.46. The Nasdaq Composite dropped 0.51% to 8,526.73. Uncertainty around U.S.-China trade talks grew throughout the session to pause the market’s run to record highs. No trade deal in 2019? Reuters reported that a so-called phase-one trade deal...
Continue reading >>
Strategists say there’s still a chance for a phase one trade deal between the U.S. and China, even as the stock market sold off on skepticism the two nations could come together.The bond market had already been reflecting sinking prospects for a deal as yields fell in recent sessions. The Dow Jones Industrial Average fell as much as 258 points on Wednesday after a Reuters story quoted trade...
Continue reading >>