U.S. Market Review
Stock declined today after the Washington and Beijing launched new tariffs on both goods/services.
The Dow Jones Industrial Average traded slipped 333 or 1.3%. The S&P-500 dropped 0.7% along with the Nasdaq Composite.
Amazon managed to secure $2,600 per share from $2,250 by RBC Capital Markets.
Boeing is about to sign new deals for the 737 Max to service, according to The Wall Street Journal.
International regulators seems like are not satisfied with what they regard as not enough information from the plane maker.
The yield on the benchmark 10-year Treasury note dove sunk to lowest level since 2016 after a report on the U.S. manufacturing sector showed that the industry contracted in August.
The yield on the 10-year note sunk to its lowest level since July 2016 at 1.441%, while the yield o the 30-year Treasury bond was also lower at 1.925%.
U.S. manufacturing activity fell for the first time in three years in August.
In fact, the Institute for Supply Management (ISM) reported that its index of national factory activity fell to a reading of 49.1 last month from 51.2 in July.
