GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Santa Claus is coming to town! Stocks surged to new highs yesterday as the Administration announced that it had reached a tentative agreement with China on the Phase One deal. No details on the yet to be signed deal wasn’t enough to slow down the advance in equities.

Merrily floating along. Stocks closed moderately higher yesterday as the Fed did nothing… as expected. Inflation ticked up slightly, but the central bank says: “meh”.

Sweet n’ sour. Equities slipped slightly yesterday as investors assessed Congressional approval of the USMCA trade agreement within minutes of announcing articles of impeachment. Conflicting information on the Phase One trade deal put stocks on a bumpy road in the session.

Wait, what? Stocks slumped yesterday as investors remembered that new tariffs could be just a week away. In the wake of last Friday’s blowout numbers, reality began to set in.

You’re hired! Stocks leapt higher on Friday in response to a surprisingly good jobs number. Bulls settled in for the ride piecing together all of the positive news, pushing trade to the back burner.

Hammering away. Stocks edged up slightly yesterday as investors were somewhat optimistic about a trade deal. Once again, trade talks with China was the force behind the markets.