closing above it just four times in 24 trading sessions since Aug. 1 with numerous intraday moves above and below the level. Wednesday's session marked the first time since Aug. 8 that the broad index breached 2,930 on a closing basis.
"We need a significant catalyst to break above this 2,930 level," said Jeff Kilburg, CEO at KKM Financial. "I think it's going to be along the lines of a true trade resolution. We just don't have that yet. Short of that, we're going to have a tough breaking out to the upside." Tensions between the world's largest economies eased Wednesday night, however, after U.S. and Chinese officialsnext month. The news sent global stocks rallying. However, stock investors could be setting themselves up for disappointment.
Tuesday afternoon: “Recession for sure, VIX on its way to 30, sell stocks” Thursday morning: “Trade deal imminent, buy stocks, VIX actually at 15” 🤷🏻♂️
carlquintanilla you should do the Dow Gains Big special tonight at 6pm!
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Global Stocks Rally on New Trade TalksGlobal stocks gained on hopes for trade progress after the U.S. and China said they would meet in October to hold talks in Washington. GlazersOut Head fake The evil CCP controls the HK stock market, always do whatever they want.👎👎👎
Fuente: WSJ - 🏆 98. / 63 Leer más »
Global stocks are jumping after China says trade talks with the US will resume in OctoberBrexit and German factory orders are also affecting markets on Thursday. Gold and oil slipped. I suppose after a bunch of money is made from the price swing, they'll be put off again, which will allow more money to be made from the price change, and so on? Can it work like that? These talks going to solve the 260T world debt? Or how about the 16T negative interest rates?
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
European stocks hit one-month highs on news of U.S.-China trade talksEuropean shares rose to fresh one-month highs and safe-haven assets such as gold... Who are the people who keep falling for this ruse? The europian stocks need more control about the quality of the products, they are comming from China!
Fuente: Reuters - 🏆 2. / 97 Leer más »
Go with large-cap stocks over small caps, these traders sayEven though small-cap stocks have been underperforming these traders suggest sticking with what's been leading the market.
Fuente: CNBC - 🏆 12. / 72 Leer más »
A Turn for the Worse for Biotech StocksHeard on the Street: The biotech sector was a hot investment for most of this decade, but things have changed for the worse
Fuente: WSJ - 🏆 98. / 63 Leer más »
Stocks making the biggest moves premarket: Ciena, Lands' End, Lyft, Slack, GM, CVS & moreThese are the stocks posting the largest moves before the bell.
Fuente: CNBC - 🏆 12. / 72 Leer más »