ICYMI. Weekly Market Recap. July 30- August 3


16-Aug-2018 18:34 PM



In case you missed this week stock market movers news and economy data. 

Monday market continues it second-day sell-off with tech. QQQ -1.41%, SPY -0.54%, IBB -1.11%

  • Caterpillar Inc (CAT) earnings report
  • Netflix Inc (NFLX) second worse day post-earnings stock performance. Down -5.70%
  • Prgoenics Pharmaceuticals Inc (PGNX) FDA approves Azedra
  • Twitter (TWTR) stock dropped second-day post-earnings report. Down -8.06%

Tuesday the US stock market rebound after news of the US and China working on to compromised trade war. Dow Jones up +108.36 points, SPY +0.49%, IBB +2.07%.

Wednesday housing demand fell to 9.6% in June, the biggest in two years. ISM manufacturing PMI 58.1 vs 59.4. ADP NonFarm Employment Change 21.9k vs 186k. The Fed keeps the rate unchanged. Dow Jones closed -81.30 points, SPY -0.16%, QQQ +0.37%, IBB +0.58%

  • Baidu Inc (BIDU)
  • Acer Therapeutics Inc (ACER) 2.222M share spot secondary priced at $18.00
  • Sarepta Therapeutics Inc (SRPT)- Upgraded to Overweight at Morgan Stanley. Price Target $163

Thursday tariffs trade war escalated with the US threatened to increase $200 billion in Chinese imports.

Friday the US job report Nonfarm Payrolls 157k vs 193k, Unemployment rate 3.9% VS 3.9%.  China plans to tariffs $60 billion of US import.

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