US stock markets sizzle at the open, slump midday and then recover to gains

it was a funny day in the stock market today as a very strong start saw the S&P 500 up 1% but it was completely erased by the European close. It could have been European selling or it could have been trade war fears after a WSJ report suggesting China will call Trump’s bluff. The thing is, that report was out before the stock market open so it could have been something else or the market could have been slow to pick up on it.

In any case, after falling to a 0.4% decline, the stock market dip buyers arrived and there was a solid finish. The Russell 2000 in particular led again as it hit a new record in part due to strong numbers from financials so far in earnings season.

• S&P 500 +0.3%
• Nasdaq +0.5%
• Russell 2000 +0.8%
• DJIA -0.1%
• Toronto TSX Comp +0.9%

The daily SPX kinda looks like a failure to retake the pre-fight highs.

This article was written by Adam Button at investinglive.com.