Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

market wrap feb 22

News

The Wrap for February 22: Toned Down Trade Boosts Market

Aaron Levitt Feb 22, 2019


Despite being a shortened week – thanks to the President’s Day holiday – there was plenty of news. And nearly all of it positive. This week was much like the last, as trade was the main driver for the markets. Talks have progressed positively between the U.S. and China about either ending the trade war or kicking the can on the deadline for additional tariffs on more than $250 billion worth of Chinese goods. The trade spat has continued to be one of the major sources of volatility in the markets. The thought of it ending continued to be a positive one for traders.

With the release of the FOMC minutes, the Fed’s cautious and still bullish undertone was seen as indicating the central bank will keep rates steady for a while. That naturally helped push equites higher on the week.

Also helping extend gains in the shortened trading week were continued bullish earnings reports by several bellwethers. As before, earnings growth remains swift and outlooks still remain decent. Adding in generally positive economic data, and traders were treated to gains on the week.

Be sure to check out our previous Wrap here, when trade was also the main driver.

To read the Full Story, Go Premium or Log in

Popular Articles