Pre-Election Special SALE: 60% Off VIP Membership
BREAKING: Supreme Court Rules on Whether Virginia Can Remove Non-Citizens From Voter Rolls
Tim Walz's Gaming Session With Ocasio-Cortez Was a Trainwreck
Oregon Predicates Request to Judge on Self-Delusion
GDP Report Shows Economy 'Weaker Than Expected'
How Trump Plans to Help Compensate Victims of 'Migrant Crime'
NRCC Blasts the Left's Voter Suppression Efforts in Battleground Districts
Watch Trump's Reaction to Finding Out Biden Called His Supporters 'Garbage'
26 Republican AGs Join Virginia in Petitioning SCOTUS to Intervene in Voter Registration...
There Was a Vile, Violent Attack in Chicago, and the Media's Been Silent....
One Red State Just Acquired a Massive Amount of Land to Secure Its...
Poll Out of Texas Shows That Harris Rally Sure Didn't Work for Colin...
This Hollywood Actor Is Persuading Christian Men to Vote for Kamala Harris
Is the Trump Campaign Over-Confident?
Is This Really How the Kamala HQ Is Going to Respond to Biden’s...
OPINION

Markets Quiet As All Eyes Remain Focused On US/China Trade Deal

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

It was a quiet day yesterday, as the major indices were relatively flat.  Investors waited to see if there would be any movement on the wall or trade.  The S&P and Nasdaq were up 0.1%, while the Dow lost 0.2%. Industrials +0.6% and Energy +0.5% were the best performing sectors while Communication Service -0.6%, Health Care -0.1% and Utilities -0.1% lagged.

Advertisement

The 10- year ended yesterday up 3 basis points to 2.66%, and the greenback rose to a new high for 2019, up 0.4% to $97.05. It is down slightly this am, but still nearing a two hear high. 

Last night. investors got a nod on a potential border deal.  This morning, the markets are higher on this news, with Dow up more than 200 points.

All eyes remain focused on the U.S. - China trade negotiations Treasury Secretary Steven Mnuchin and U.S. Trade Rep Robert Lighthizer will participate in ongoing trade negotiations this Thursday and Friday.  A deal will only remove a cloud that's covered great economic success, and better than expected earnings should send market higher.  

While there was no economic news yesterday, the Job Openings (JOLTS) for December and the NFIB Small Business Optimism Index for January will be out shortly. 

Let’s keep our powder dry this morning.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos