The Re-escalation of Trade war & its implications

3 min read

The U.S stocks managed to close up last Friday after overcoming a deficit of more than 350 points with the Dow Jones rising 114.01 points, or 0.4%, to end at 25,942.37. This claw back from earlier lows still did not help S&P 500 and Nasdaq close the worst week for the year losing 2.2% and 3% respectively. The stock’s rally this year is at a turning point as the impetus provided by the dovish FOMC is at a danger of being offset by the renewed trade tensions between U.S and China. The downturn in the stocks was triggered earlier this…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.