Better China news does not impress the market

There was more favorable China/US news in the form of lower tariffs on US auto's into China (from 40% to 15%) and stocks reacted positively at first. However, there was a very public spat between Pres. Trump, Sen. Chuck Schumer and Rep. Nancy Pelosi on the border wall and potential government shutdown, and that helped to take the wind of the sails of the stocks.

The final numbers are showing:

  • The S&P fell -0.94 points or -0.04% at 2636.78. The high reach 2674.35. The low extended to 2621.30
  • The NASDAQ index rose 11.31 points or 0.16% at 7031.83. The high reached 7129.82, while the low extended to 6983.00
  • The Dow industrial average fell -53.02 points or 0.22% at 24370. The high reached 24791, while the low extended to 24221.

Some of the winners today:

  • Broadcom, +3.17%
  • Twitter, +3.05%
  • Nike, +1.50%
  • Micron, +1.18%
  • Celgene, +1.18%
  • Alphabet, 1.17%
  • Verizon, +1.0%
  • P&G, +0.96%
  • Microsoft, +0.93%
  • Adobe, 0.51%

Some of the losers include:

  • Nvidia, -2.42%
  • Wells Fargo, -2.13%
  • Netflix, -1.62%
  • Travelers, -1.65%
  • Citigroup, -1.51%
  • PNC financial, -1.48%
  • Boeing, -1.28%
  • Goldman Sachs, -1.14%
  • Dupont, -0.99%