Will the stock market stay volatile?
IHT Wealth Management President Steve Dudash and Benchmark Investments managing partner Kevin Kelly discuss what’s holding the stock market back and how consumers are impacting the market.
U.S. stock futures gained after Treasury Secretary Steven Mnuchin said on Sunday that the United States and China had agreed put their tariff skirmishing “on hold” to work on a wider trade agreement.
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Dow Jones futures were poised for a triple-digit gain, rising 0.85%. The S&P 500 added 0.62% and the Nasdaq Composite was up 0.84%.
U.S. stocks posted weekly losses on concerns around global trade policies and interest rates limited investors’ appetite for risk.
In Friday’s session, the Dow Jones Industrial Average edged up 1.1 point, or less than 0.1%, to 24715.09. The S&P 500 declined 7.16 points, or 0.3%, to 2712.97 while the Nasdaq Composite lost 28.13 points, or 0.4%, to 7354.34.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 24715.09 | +1.11 | +0.00% |
| SP500 | S&P 500 | 2712.97 | -7.16 | -0.26% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7354.3388 | -28.13 | -0.38% |
For the week, the Dow industrials fell 0.5%, while the S&P 500 lost 0.5% and the Nasdaq shed 0.7%–snapping a two-week winning streak.
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In Asia, China and Hong Kong stocks extended their rally on Monday,
China’s Shanghai Composite gained 0.8%.
Hong Kong’s Hang Seng rallied 1.3%
Japan’s Nikkei advanced 0.4%.
In Europe, Germany’s DAX will be closed Monday for a holiday.
