CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Equity Brief G20 Trade Truce Gains Fade to Start HolidayShortened Week

Article By: ,  Head of Market Research
July 1, 2019 5:37 PM

Equity Brief: G20 Trade Truce Gains Fade to Start Holiday-Shortened Week

Index names may not reflect tradable instruments and not all markets are available in all regions.

Headlines

  • US indices faded throughout the day as the glow of the G20 trade war “truce” faded. See why the S&P 500’s all-time high could be short-lived.
  • Nine of eleven major sectors closed higher on the day, led by Technology’s (XLK) 1.6% gain. Utilities (XLU) were the weakest sector, shedding a quarter of a percent today.
  • Oil (WTI) hit a five-week high above $60 on news of a nine-month extension to output cuts before fading to close near $59, up just 1% on the day.
  • Stocks on the move:
    • Semiconductor stocks rallied as the US relaxed restrictions on Chinese phone maker Huawei: AMAT +1.7%, QRVO +6%, QCOM +1.9%, AVGO +4.3%
    • Boeing (BA) dumped another 7.5% as the stock continues to struggle following the grounding of its 737 Max jets.
    • Coca-Cola (KO) tacked on 1.3% after an arbitration court ruled the company could sell energy drinks without violating a contract with Monster Beverage.


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