Stocks fall after Trump says China deal may be best after 2020 election

Stocks trimmed early losses but still suffered a third straight day of declines Tuesday, after President Donald Trump said it may take until after the 2020 U.S. elections to complete a trade deal with China, while trade tensions escalated on other fronts, including Brazil, Argentina and France.

What did major indexes do?

The Dow Jones Industrial Average DJIA, -1.01% ended 280.23 points lower, down 1%, at 27,502.81, for its biggest one-day point and percentage drop since Oct. 8. The Dow fell nearly 458 points at its session low in morning trade. The S&P 500 index SPX, -0.66% finished with a loss of 20.67 points, or 0.7%, at 3,093.20, while the Nasdaq Composite Index  COMP, -0.55% retreated 47.34 points, or 0.6%, ending at 8,520.64.  READ MORE

USD, JPY & EUR – TECHNICAL ANALYSIS CHART

KEY TAKEAWAYS

  • We expect the USD to fall further
  • EUR & JPY are under-valued
  • Trade cautiously as this Friday is Non-Farm payroll

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Article by: Ashok – Strategic Financial Coach

 

 

 

 

 

 

 

 

 

 

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