Market Brief BoJo Wins a Brexit Battle but Will He Win the War

Matt Weller
By :  ,  Head of Market Research

Market Brief: BoJo Wins a Brexit Battle, but Will He Win the War?

  • US indices closed marginally lower in a day of choppy, headline-driven trade.
  • Communications Services stocks (XLC) were the strongest sector on the day. Consumer Staples (XLP) brought up the rear.
  • Stocks on the move:
    • General Electric (GE) traded flat after announcing it would freeze pensions for 20k workers.
    • Uber (UBER) rallied 3% after analysts at Citi upgraded their outlook for the ride-sharing platform.
    • Recent IPO SmileDirectClub (SDC) dropped -8% in follow-through selling after Friday’s critical report from prominent short seller Hindenburg Research.

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