Trade War with China Dampens Spirits

Monday, stocks fell in Asia 0.6%, in Europe 0.8%, and slightly in the U.S. on moderate volume. Tuesday, stocks fell in Asia 1.7%, in Europe 0.7%, and in the U.S. 0.6% on strong volume as President Trump ramped up the tariff war with China. Wednesday, stocks rose in Asia 0.7%, in Europe 0.3%, and in the U.S. closed little changed on moderate volume. The NASDAQ did log another all-time closing high on the back of the FANGMAN stocks.

Thursday, stocks fell slightly in Asia, 0.9% in Europe, and 0.7% in the U.S. on moderate volume. The VXO moved up 16% to close at 13.74. Friday, stocks rose 0.3% in Asia, 12% in Europe, and 0.6% in the U.S. on extremely high volume.

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