Dow Jones reports

Per the report, Treasury Sec. Mnuchin is in favor of lifting the tariffs, while trade representative Lighthizer is not. Then there is Navaro and Kudlow. Navaro would side with Lighthizer, while Kudlow would be with Mnuchin. What will the Pres. do?

US stocks have seen a move higher on the back of the headline and in doing so, the S&P index is now above its 50 day MA at 2626.58. The 50% retracement comes in at 2643 and that is the next key target.

The snapshot now shows:

  • S&P index, +20.18 points or 0.77% at 2637
  • NASDAQ, +53 points or 0.77% at 7089
  • Dow industrial average +184 points or 0.76% at 24395