US Stocks Volatile Ahead of Jackson Hole and Political Turmoil

August 23, 2018 Share Print 0

The benchmark S&P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new tariffs took effect in the U.S.-China trade war.

In their latest back-and-forth, the United States and China imposed fresh tariffs on $16 billion worth of each other’s goods, despite ongoing trade talks between the countries.

The trade-sensitive S&P industrials sector .SPLRCI dipped 0.16 percent, weighing on the Dow Jones Industrial Average. The technology index .SPLRCI rose 0.64 percent, bolstering the S&P 500 and the Nasdaq Composite.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.