Friends
Fear of escalating trade wars sent stocks tumbling today, as market participants are concerned that things are starting to get real with regards to tariffs.
By the close, the Dow Jones Industrial Average was down 328 points to finish the day at 24,252. The S&P 500 was down 37 points to close at 2,717. Gold was down $3.10 to trade at $1,267 per ounce, while oil was down $.56 to trade at $68.02 per barrel WTI.
Even the market darlings are feeling the selling pressure. The President’s ratings for handling the economy were getting stronger, but it will be interesting to see if confidence stays strong given the trade war winds. I already know the markets are not particularly fond of it. Should be an interesting week. Stay tuned.
Have a nice evening everyone.
