On Wednesday the U.S Stocks dropped while the corporate earnings season started to heat up with companies including Bank of America delivering their quarterly data.
Stocks ended the day reaching their lows after the Wall Street Journal announced that the progress regarding a trade agreement with China is stopped once more over limitations on Huawei. The Nasdaq Composite ended almost 0.5% weaker at 8,185.20.
The Dow Jones Industrial Average fell more than 115 points while the S&P 500 went down more than 0.6% to 2,984.40.
The greenback is overvalued according to IMF
Daily Analysis - 18/07/2019