Moomoo Recap US wrote a post · Dec 4, 2019 09:10

Market Recap: Briefing on the Tuesday Lose

Good afternoon. "No deadline" and "in some ways I like the idea of waiting until after the election", said by President Trump, at the meeting with North Atlantic Treaty Organization Secretary-General Jens Stoltenberg on Tuesday in London. The stock market declined following the uncertainty of phase one, with Dow Jones Industrial dropping over 1%, Nasdaq Composite Index decreasing 0.55%, and the S&P 500 Index lost 0.66%

This is the first drop of Dow Jones of more than 1% since early October, with over 30 blue-chip stocks falling as well.

The basic materials dropped over 1.2%, followed by the services, the consumer goods, and the financial sectors. Within the consumer sector, $Apple (AAPL.US)$ lose1.78%. The financial sector looks all red. $JPMorgan (JPM.US)$ dropped 1.28%, $Wells Fargo & Co (WFC.US)$ fell by 1.94%, $Bank of America (BAC.US)$ lost 1.76%. In the energy sector, big companies look good at the end, except $Twitter (Delisted) (TWTR.US)$which decreased by 1.48%.

Basic materials and industrial goods have lost over 2.5% accumulatively since last week, but utilities and real estate sectors are not bad in this case, as these sectors are considered bond proxies, and investors seek to hedge risks this time.

Besides the delay in deals with China, President Trump also has proposed tariffs up to 100% against $2.4 billion of French imports.

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