The Daily Tipple


Market Commentary · α-Focus · Fundamentals · Technicals · Analytics · Global Macro / Sector Trends · Derivatives · Risk-management
From the Savoir-faire Desks of our Analytics, Risk, Trading & Investment Management Teams
Disclaimer: Review the blog / site policy +
The following commentary is not intended as a recommendation of any investment or product. Every reasonable attempt is made to ascertain the accuracy of all factual representations in this copyrighted (we)blog. Even so, there may still exist some inadvertent typographical discrepancies or oversights.   Please review our site policy.

 

Daily Tipple
[Wednesday, September 4, 2019]




 
Wed, Sep 4th, 2019

Markets staged a rebound from yesterday’s decline with investors bidding shares higher throughout the day. In global news the U.K. Parliament blocked a no-deal Brexit and Hong Kong’s Carrie Lam moved to withdraw a controversial extradition bill in an attempt to quell social unrest. There was no news on the trade front but several companies, including Starbucks and Tyson Foods delivered disappointing guidance. Regardless, stocks moved to settle near session highs. At the bell the S&P 500 was up +31.51 to 2,937.78, the Dow gained +237.45 to 26,355.47 and the Nasdaq Composite added better than a percent, up +102.72 to 7,976.88. The Russell 2000 was up +12.47 to 1,484.76. Major sectors were led by Communication Services, Energy and Industrials. Oil prices recovered to a modest loss after early weakness. Gold gained fractionally. The 10-Year Bond Yield slipped to 1.459% The VIX Index fell more than -11% to 17.33.

Comments closed


Tags: ,
Topic: Daily Notes []


 

Comments for this article are closed - Contact MAST Mgmt.