Schaeffer's Market Recap President Trump has a "feeling" a trade deal with China will be reached
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| | | 6/12/2019 | |
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| Dow, Oil Sink for Second Straight Day | | By Patrick Martin | | The Dow pulled back for its second straight loss today, but held on to the 26,000 level. Subpar inflation data underscored expectations for an interest rate cut soon, weighing on bank stocks. A drop in oil prices and a slumping tech sector also kept the three U.S. benchmarks under pressure all day. On the trade front, President Donald Trump told reporters earlier that he has a "feeling" a deal will be reached with China. Elsewhere, investors kept an eye on Hong Kong, where protesters have clashed with police over a proposed extradition bill. Continue reading for more on today's market, including: - 2 red-hot restaurant stocks flashing bull signals.
- A tariff warning sent this furniture stock to its worst day ever.
- There's interesting options activity going on with this semiconductor stock.
- Plus, a big bear bet on Cisco; a Broadcom earnings preview; and more trouble for the New York Knicks.
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