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Stock Market News: September 30, 2019



Stocks rose on Monday as investors continued to monitor US-China trade developments.

Here are the main market movements from 1:11 am ET:

  • S&P 500 (^ GSPC): + 0.70% or 20.72 points

  • Dow (^ DJI): + 0.56% or 151.12 points [19659005] Nasdaq (^ IXIC): + 0.86%, or 68.08 points

  • US Crude oil prices (CL = F): -1.43% to $ 55.11 a barrel

  • 10-year cash register yield (^ TNX) : +1.1 bps to 1.684%

  • Gold (GC = F): -1.96% to $ 1,476.70 per ounce

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" On Friday, stocks closed lower among signs of another backflip in the US-China trade war. & Nbsp; Bloomberg reported & nbsp; that the Trump administration is considering restrictive not on US investments in China, deleting Chinese companies from US stock exchanges and limiting US exposure to Chinese assets in state pension funds. "data-reactid =" 24 "> On Friday, stocks closed lower amid signs of another a blip in the US-China trade war. Bloomberg said the Trump administration is considering limiting US investment in China by deleting Chinese companies from US stock exchanges and limiting Americans' exposure to Chinese assets in state pension funds.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, the US Treasury is partially & nbsp; refutes the report saying in a statement that & nbsp; "the administration is not considering blocking Chinese companies from listing U.S. stock exchanges at present." & nbsp; However, the answer is not concerned. by other means to limit US portfolio flows to China. "data-reactid =" 25 "> The US Treasury has since partially denied the report, saying in a statement that the administration is not considering to block Chinese companies to register shares on US stock exchanges now. " However, the answer does not address other means of restricting flows from US portfolios to China.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Shares of Chinese listed companies in The United States, including Alibaba ( BABA ) and Baidu ( BIDU ), increased early in the trade as concerns about their exclusion were left alone. " data-reactid = "26"> Shares of Chinese companies listed on US stock exchanges, including Alibaba (BABA) and Baidu (BIDU), rose early in trading as concerns about their exclusion were lifted.

The high-level negotiations between the US and China will take place in Washington, DC, in mid-October. Data on the Chinese economy remained unclear in the weeks following recent mid-level talks between the two countries in September, with reports reflecting the impact of the trade war with the US on the world's second-largest economy.

The reprint at night showed an unexpected increase in activity for China's key manufacturing sector, with domestic consumption helping to offset the weakness in foreign demand.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Private & nbsp; Caixin / Markit Manufacturing Purchasing Managers & nbsp; (PMI) rose to 51.4 in September from 50.4 in August, holding above the neutral level of 50 to show an expansion for the second consecutive month. September saw the fastest rate of increase for February 2018 for PMI in the country. "data-reactid =" 29 "> Private Purchasing Managers' Index (PMI) of Private Caixin / Markit rose to 51.4 in September from 50.4 in August, having been back Railroads above the neutral level of 50 to indicate expansion for the second consecutive month. The September reading marks the fastest rate of increase since February 2018 for PMI in the country.

But under the footprint of the titles the results were more mixed. Chinese new subindex orders climbed at the fastest pace since March 2018, while new export orders declined for the fourth consecutive month.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" Recovery in China's Manufacturing Industry in September mainly takes advantage of the potential growth in domestic demand, "Jengsheng Zhong, director of macroeconomic analysis at CEBM Group & nbsp; said in a statement ." China-US trade conflicts have a significant impact on exports, manufacturing costs and enterprise confidence. "" data-reactid = "31"> "The recovery in China's manufacturing industry in September has benefited most of potential growth in domestic demand, "said Jengseng Jong, CEBM Group's director of macroeconomic analysis, in a statement." Trade conflicts between China and the US have had a significant impact on exports, manufacturing costs and enterprise confidence. "

<p class = "Canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the meantime, the PMI issued by the manufacturing government rose to 49.8 in September from 49.5 in August, & nbsp; reported by the National Bureau of Statistics on Monday beating consensus economic expectations. This marks the fifth consecutive month of shrinking production activity under the NBS measure. The mirror results of the Caixin / Markit survey, production indicators and new orders are on the increase, while new export orders remain in contracting territory. "Data-reactid =" 32 "> Meanwhile, the PMI-issued government in China rose to 49.8 in September from 49.5 in August, the National Bureau of Statistics announced Monday, beating economists' consensus expectations, marking the fifth consecutive month of shrinking manufacturing Activity on NBS measure Mirrors Caixin / Markit survey results, output and new orders, while new export orders remain in contracting territory.

Traders operate on the floor of the New York Stock Exchange (NYSE) in New York. REUTERS / Brendan McDermid

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" This is a wrap This is a wrap

Monday marks the last session of September and the third quarter of calendar year. By Friday, the S&P 500 and Dow were on track to make modest gains in both periods, with the Nasdaq yielding marginally.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) –sm Mt (0.8em) – sm" type = "text" content = "A developmental turmoil in the third quarter related to trade, monetary policy and politics. Both the United States and China & nbsp; added tariffs to each other's goods, before later & nbsp; alleviating some of these tensions The Federal Reserve cut interest rates for the second time this year and the European Central Bank cut interest rates for the first time in three years, solidifying the attacks in the heart of Saudi Arabia's oil infrastructure crude oil prices have intensified the spectacle of further conflict in the Middle East, and House Democrats have opened an inquiry into the impeachment of President Donald Trump. "data-reactid =" 46 "> There was a turbulent trade-related development in the third quarter, with monetary developments politics and politics. Both the United States and China added tariffs to each other before later alleviating some of these tensions. The Federal Reserve cut interest rates for the second time this year, and the European Central Bank cut interest rates for the first time in three years, consolidating the global slant of monetary policy. Attacks at the heart of Saudi Arabia's oil infrastructure have sent crude oil prices down and intensified the spectrum of further conflict in the Middle East. And House Democrats have opened a request for an impeachment of President Donald Trump.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "These events triggered fluctuations in the stock market, & nbsp; inversion of a key part of the yield curve & nbsp; for the first time in more than a decade and the sharp fluctuation in crude oil prices. " These events have triggered volatility in market volatility, inversion of a key part of the yield curve for the first time in more than a decade, and the sharp fluctuation in crude oil prices.

Against the backdrop of multiple events and growing uncertainty about the outlook, September was marked by a marked shift from growth stocks to stocks or stocks that appear to be undervalued when considering measures, including price-to-earnings ratios. profit.

According to DataTrek founder Nicholas Kolas

this is mainly due to the fact that the major share of the S&P 500 has been updated to 3.3% from 3.3% compared to only 0.6% in growth in shares of the S&P 500. the value side of major constraint Financials – a sector that consists of 22% of valuable stocks and grew 4.3% for the current month – and Energy, a sector that includes 7% of share value and is growing by 3.7% for the period.

On the growth side, the technology sector, which accounts for 26% of growth stocks, is down and has increased only 0.2% for the month. And the health sector, which represents 16% of growth stocks, fell 1.4% in the month, Kolas said.

"Value enhancements in September to growth are more for sectors than for style," Kolas said in a note on Monday, "Finance has been driven by higher long-term interest rates. Energy seized supply from attacks on Saudi oil fields. Political / regulatory issues, as well as anything else, harm health and technology. "

The portfolio flows from major asset managers also emphasized the monthly alternation in value from growth and inertia. In a note to clients on Sunday, Deutsche Bank strategist Parag Tete wrote that in recent weeks, funds have been releasing lows for the second time in a row, while low volatility funds have seen an inflow continue. And while stock funds saw some tides last week, they were drowned out by tides seen again in growth funds.

"With other signs of declining risk appetite for flows, small (- $ 5 billion) and medium-sized capital (- $ 4.3) billion and growth (- $ 6.1 billion), and the value (- $ 2.0 billion) was recorded by large outflows, largely reversing the inflow from last week, "Tete writes. "The low volume ($ 0.4 billion) led to a steady inflow, but Momentum funds (- $ 0.4 billion) marked the second week of low tide. Gold funds ($ 2.8 billion) saw the inflow rise in a few lean weeks. "

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Emily McCormick is a Yahoo Finance reporter. Follow her on Twitter: @ emily_mcck "data-reactid =" 73 "> Emily McCormick is a Yahoo Finance reporter. Follow her on Twitter: @emily_mcck

< p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read more by Emily: " data -reactid = "74"> Read more from Emily:

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read lat latest stock market news from Yahoo Finance " data-reactid = "82"> Read latest stock and stock market news from Yahoo Finance


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