It was a constructive day for US equities till Trump blew it up at 10:30 am ET with a tweet threatening new tariffs on China due to uncommon earth controls. Particulars have been gentle since then however the market is not ready for particulars.
The previous few months have been a smashing success for bulls and at this level, asset managers won’t wish to danger ruining the 12 months. That makes it a reasonably simple resolution to take earnings and the Nasdaq fell greater than 3%.
In an ominous signal, US inventory markets closed on the lows.
Closing modifications:
- Nasdaq -3.5%
- S&P 500 -2.7%
- DJIA -1.9%
- Russell 2000 -2.6%
- Toronto TSX Comp -1.2%
On the week:
- Nasdaq -2.4%
- S&P 500 -2.5%
- DJIA -2.7%
- Russell 2000 -2.9%
- Toronto TSX Comp -1.9%
Nasdaq every day
Some huge losers:
- TSLA -5.0%
- BIDU ADRs -8%
- QCOM -7.3%
- AMZN -4.95%
- META -3.9%
- OXY -5.1%
- FDX -5.0%
- AMD -7.8%
- NVDA -4.7%
