Schaeffer's Market Recap Trump said the U.S. is "not ready" for a deal with China
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| | | 5/28/2019 | |
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| Dow Falls on Trump's Trade Comments | | By Lillian Currens | | All three stock market indexes ended the day lower, erasing early gains amid re-emerging concerns about a lengthy U.S.-China trade spat. Despite recently speculating that the trade war could come to a swift conclusion, President Donald Trump over the weekend said the U.S. is "not ready" to make a trade deal, and hinted at even more tariff hikes on Chinese imports. As such, the 10-year Treasury yield continued to explore 19-month lows, and a rough day for consumer staples and chip stocks sent the S&P 500 and Nasdaq into the red. Continue reading for more on today's market, including: - This white-hot pharma stock could double, according to one analyst.
- Fraud allegations fueled options volume on the "Amazon of Africa."
- Why analysts are on the fence about this retail stock ahead of earnings.
- Plus, the tech stock slapped with a pre-earnings bear note; ATVI joins Goldman's conviction list; and TEVA stock hits new lows.
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