The Wall Road was upbeat final month on commerce optimism, reasonable earnings and a robust begin t
The Wall Road was upbeat final month on commerce optimism, reasonable earnings and a robust begin to the vacation season regardless of subdued client confidence information. SPDR S&P 500 ETF Belief SPY added 3.3% within the month and SPDR Dow Jones Industrial Common ETF Belief DIA andInvesco QQQ Belief QQQ jumped 4.1% every (learn: What Soft Confidence? 3 ETFs & Stocks for Solid Holiday Buying).
Towards this backdrop, we spotlight the important thing ETF occasions of final month.
Wall Road at All-Time Excessive
U.S. shares have been rallying for the reason that information of the phase-one U.S.-China commerce deal emerged in October. The rally picked up in November on President Trump’s announcement that the U.S. and Chinese language negotiators were “close” to a “part one” commerce deal. The important thing U.S. fairness indexes hit recent data a number of occasions within the month. SPY hit a excessive of $315.48 at month-end whereas QQQ hit a excessive of $206.05 on Nov 27.
Ebb and Movement of Commerce Tensions
The month was all concerning the ebb and circulation of U.S.-China commerce tensions. Whereas on one hand, Trump…