collected by :Haron Adler
As it stated in The tech sector also had a big day, with the Technology Select Sector SPDR ETF (NYSEMKT:XLK) jumping 1.2%. As for individual stocks, Biogen (NASDAQ:BIIB) made headlines with positive results from a trial of an Alzheimer's drug, and PriceSmart (NASDAQ:PSMT) fell after reporting earnings. Encouraging Alzheimer's trial boosts BiogenShares of Biogen soared 19.6% after the company announced results from a midstage clinical trial that showed one of its Alzheimer's drug candidates slowed progression of the disease. Numerous trial failures for drugs targeting Alzheimer's have highlighted the difficulty in finding treatments for the disease. Net merchandise sales growth was 5.6% and comparable-store sales increased 2.7%.
As it stated in The tech sector also had a big day, with the Technology Select Sector SPDR ETF (NYSEMKT:XLK) jumping 1.2%. As for individual stocks, Biogen (NASDAQ:BIIB) made headlines with positive results from a trial of an Alzheimer's drug, and PriceSmart (NASDAQ:PSMT) fell after reporting earnings. Encouraging Alzheimer's trial boosts BiogenShares of Biogen soared 19.6% after the company announced results from a midstage clinical trial that showed one of its Alzheimer's drug candidates slowed progression of the disease. Numerous trial failures for drugs targeting Alzheimer's have highlighted the difficulty in finding treatments for the disease. Net merchandise sales growth was 5.6% and comparable-store sales increased 2.7%.
Stock Market Says China A Loser In 'Trade War'
Maybe the market thinks a trade war is worse for China. "Weakness in the Chinese currency is typically associated with 'risk-off' behavior," says Neil MacKinnon, an economist for VTB Capital in London. They also forget that China is not a fully open market and is actually the largest closed market in the world. China is not the bastion of free trade and, therefore, going against China is not the same as going against free trade. In theory, Washington is pressuring China to open up its economy and participate in more free trade than it has.Sentiment Speaks: Trade Wars Are Really Good For The Stock Market
as declared in So, what did the stock market do on Friday? The market clearly reacted to the good news in the jobs report." Yet, you would be missing the point. On any given day, you can almost always find good news about the market and bad news about the market. So, is it really helpful to anyone to point to any news which simply coincides with the market action of the day? The Market Pinball Wizard The Market Pinball Wizard attempts to identify turning points and targets in the market with high levels of probability.Trump's Trade Threats Hit China's Stock Market and Currency
The Chinese government has vast sums of money it can tap in the event of a crisis. The president's tariffs so far have been quite small in the grand scheme of things, but they add to China's troubles. China's stock markets reflect the uncertainty. The Chinese stock market as of this week is down more than 20 percent from its January peak, making it a bear market. "Normally at this level, there should be a technical rebound."China's moves with its currency reflect its difficult balancing act.
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