Stocks Rebound Despite Tariff Worry12/02/2019

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November 25 – 29, 2019 Recap

Stocks Set New High

U.S. stocks slipped from record highs to end last Friday’s shortened post-Thanksgiving Day session lower amid renewed tariff concerns that also threatened the demand outlook within the oil patch. New U.S. tariffs on Chinese goods are slated for implementation on December 15, but negotiators may soon strike a trade deal to avoid it. The S&P 500 gained 0.42% last Wednesday, reaching a new all-time high at 3,153.

Weekly Performance

For the week, the Dow Industrials rose 0.63%, the S&P 500 gained 1.04%, and the tech-heavy Nasdaq Composite advanced 1.72%. The S&P 500 posted its seventh weekly gain in the past eight weeks.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

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