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US CLOSING REPORT: FRIDAY – 13TH – APRIL – 2018 April 13, 2018 at 09:00PM

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US CLOSING REPORT: FRIDAY – 13TH – APRIL – 2018

 

US CLOSING REPORT

FRIDAY – 13TH – APRIL – 2018

US cash equity markets have fallen this afternoon to end the day in negative territory (DJIA -0.5%, S&P -0.3% ,NASDAQ -0.5%). Financial stocks are leading declines despite better-than-expected corporate updates
from JPMorgan, Wells Fargo and Citigroup. Investors may also be reluctant to hold equity positions over the weekend given the current precarious state of geopolitics, especially related to Syria. Of note, the US State Department have said they now have proof
that the Syrian government was behind the chemical attack. A Senior US official said preparations are underway to set up a meeting between Trump and Kim Jong Un although no time or place has been set. Elsewhere, both Treasuries and the Dollar Index are little
changed on the day with little reaction shown to further comments from Boston Fed President Rosengren who said they must be vigilant to not overstimulate the economy. In energy sp

 

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