GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Tech wreck! Stocks closed mixed yesterday as fear surrounding the tech and communications sectors riddled the market. Washington's recent actions in trade relations are building up pressure on the Fed to reconsider its monetary policy.

A spanner in the works! Stocks fell on Friday in response to the Administration’s announcement that the US will levy a 10% tariff on Mexican imports. A new front in the trade war took investors by surprise causing a selloff in equities.

Slippery road ahead. Stocks ended yesterday’s session in the green as investors Googled the term “rare earth element”. It was a light news day for the trade war giving stocks a chance to climb after two days of falling.

Counter attack! Stocks were hit with a one-two punch yesterday as China fought back in the war of words and traders started to heed the warnings of the bond market. Stocks spent the day under water as trade jitters and recession fears ruled the session.

THE TOP LINE

Which way is up? Stocks traded up on Friday as traders scraped up bits of hope that a speedy deal will be reached with China. Stocks gave up early gains on a positive Trump comment but still managed to close in the black on the lowest volume day of the year.

No quarter. Stocks gave no mercy to investors yesterday as trade fears and disappointment in the Fed sent shares lower. Continued fallout from the Huawei ban sent chip manufacturers down and increased crude supply put the energy sector into a tailspin.