“Spinners” – Vista Partners Daily Market Recap 12/6/2018
We were hit with a rough morning of trading that seemed to be a reaction to the overnight arresting of the Chinese Company’s (Huawei) CFO Meng Wanzhou by Canadian authorities (also facing extradition to the US), which in turn lit fears around the trade wars and sent the markets crashing. However, some news from the Fed today helped to buoy the markets into the close.
At the end of the day, the S&P 500 dropped .15% as of market close, as the energy sector lead declines. The Dow was down only .32% after sliding quickly as many as 784.85 points earlier in the day. The Nasdaq jumped .42%, or 29.83 points as it moved into to positive territory at the close. All in it was another day of yo-yo that surely kept is all spinning.
Components of the Dow were also mixed, with Boeing (BA) leading the losers with a drop of 3.09%. JP Morgan (JPM) also had a rough day with losses of 1.90%. On the other side of the spectrum, Cisco (CSCO) ended the day up 2.20%.
Outside the Dow, Atossa Genetics (ATOS) was down 2.99% as the session closed.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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