Daily News | S&P standing strong

It’s already Thursday, so you know the markets will be bustling with action and we are here to cover the most important stuff for you. Today, the most important news come from the United States, where S&P remained fairly firm despite tensions with North Korea and President Trump’s not so soothing answer. As a matter of fact, six different sectors connected to S&P 500 ended higher on Wednesday and the S&P 500 .SPX went down by only 0.04 percent. The biggest losers turned out to be Walt Disney (a 3.9% drop) and Priceline (6.9%), so we can see that the political tensions did not really affect the markets, despite somewhat inflammatory rhetoric from the politicians. The former lost investors’ confidence because its plans concerning its new streaming service were not accepted well, whereas the latter’s financial future does not seem to be all that exciting.
We also have to mention that the country’s productivity grew in the second quarter more than it was expected, although its trend is still weak and it will be fairly difficult for the president to boost its growth significantly, something he promised to do during his campaign. In any case, this will help keep inflation under control in the foreseeable future and we will continue to monitor the situation, so don’t forget to check our news regularly.

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