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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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US Equity Handover Stocks Steady as Trade Talks Kick Off

Article By: ,  Head of Market Research
May 8, 2019 6:15 PM

Headlines

  • US indices closed mixed on the day as traders remained cautious ahead of US-China trade talks in Washington DC over the next two days, with the potential for some crazy-looking tariffs on looming.
  • Among the major sectors, health care stocks (XLV) were able to grind out a small gain, while utilities (XLU) were the weakest major sector.
  • Trump tweets that China’s Vice Premier Liu He is coming to the US “to make a deal,” boosting hopes of a potential trade deal this week (and by extension, risk assets). That said, traders are cautious after a Reuters report that China backtracked on all of its previous trade commitments.
  • Walt Disney Company (DIS) beat earnings at $1.61 vs. $1.58 eyed, as well as reporting stronger-than-expected revenues ($14.92B vs. $14.36B eyed).
  • Beyond Meat experienced its first down day since Thursday’s IPO, closing lower by nearly 9% today.

Corporate Calendar


AMC = After market close

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


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