Market Looks To Regain Some Ground After Trump Statement On Huawei

From early indications, it seems like the U.S. market is poised to regain at least some of the ground lost in heavy selling yesterday, and the bounce is coming after the S&P 500 Index held an important area of technical support.

For now, it looks like the SPX is bouncing off the key psychological support level at 2800 that it held above on Thursday. If the index can hold above that level into the weekend, it could potentially portend a larger bounce. But hopes were dashed as the U.S. added to tariffs, the Chinese announced retaliation, and the Trump administration blacklisted Huawei, before giving the Chinese telecom giant a 90-day window to access U.S. technology and buy equipment from U.S. companies.

Tariff weariness seems to be setting in. Without a settlement, it seems likely that the path of least resistance for many investors could be to sell stocks and buy bonds until the tariff tiff is resolved. Until then, people may just not have as much faith in equities as they have had for much of this year.

The risk off-mood could also have been exacerbated as traders and investors may have been wanting to square up positions and take some risk off the table ahead of a long weekend.

no - the market is closed - all american goods will be left in the store ... in china The chinese are going on a long march.

垃圾特朗普

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google suspends some business with Huawei after Trump blacklist - sourceThe move comes days after US President Donald Trump's administration added Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the company to do business with US counterparts. Get rid of a thief
Source: trtworld - 🏆 101. / 63 Read more »

Exclusive: Google suspends some business with Huawei after Trump blacklist - sourceExclusive: Google suspends some business with Huawei after Trump blacklist, sources tell angelamoon00 IF... If anyone in the US (or anywhere in the West at all really) owns one of these spy devices, smash it immediately and throw it in the garbage where it belongs. Huawei And Huawei’s products in China have no impact.
Source: Reuters - 🏆 2. / 97 Read more »

European stocks rally as Trump hints at softening Huawei ban; U.K.’s May quitsEurope’s bourses head higher Friday as investors appear to find some buying appetite as President Donald Trump moderates his tactics against Huawei Technologies Inc., signaling some softening in U.S.-China trade animosities
Source: MarketWatch - 🏆 3. / 97 Read more »