Roland Stoever : Market Week: September 10, 2018

Roland Stoever
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
E: roland@stoeverglass.com

The Markets (as of market close September 7, 2018)

Apparently a strong labor report, which included increasing wages, wasn't enough to quell investors' fears
as stocks plummeted last week. President Trump's threat to raise tariffs on an additional $267 billion in
Chinese imports heightened trade war rhetoric and frightened investors. Each of the benchmark indexes
listed here felt the heat, particularly the tech-heavy Nasdaq, which sank over 2.50%. The small caps and
energy stocks of the Russell 2000 were also hit hard, as was the Global Dow. The S&P 500 dropped over
1.0%. Only the Dow managed to weather the storm, falling a comparatively slight 0.19%. The favorable
employment report may be seen as a sign of rising interest rates as demand for long-term bonds increased,
sending prices lower and yields up (bond prices move in the opposite direction from bond yields).

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09/10/2018 | Apparently a strong labor report, which included increasing wages, wasn't enough to quell investors' fears as stocks plummeted last week.
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