While we know that the stock market had fallen the past few days thanks to the trade war between the United States and China, it seems that things have recovered a bit. In fact, we’re seeing a strong rebound in U.S. stocks, in general, Tuesday since China was able to stabilize its local currency.
According to Investing.com, United States stocks jumped up 40% of the numbers it fell on Monday, also known as the worst “one-day losses” of 2019.
More specifically, the S&P 500 went down 3% on Monday and went up 1.33% Tuesday in terms of day trading price. From there, the Dow Jones Industrial Average dropped 767 points on Monday and went back up over 1.22%. Finally, the Nasdaq Composite grew 1.39% on Tuesday after a drop of 3.5% on Monday.
Things changed at first because the Chinese yuan was going to trade at 7 to the US dollar, reports the publication. This is partly because United States President Donald Trump said he would place 10% tariffs on imports from the country of China come September 1st.
Related: Check out our guide on how to invest in stocks to participate in the stock market!
Despite this, out of the 30 stocks on the Dow market, 24 of them went up. This is in pairing with 87 of the 100 stocks going into the Nasdaq 100, with an overall growth of 1.4%. According to the publication, all of these stocks were negative on Monday.
Technology stocks were the big winners, with Apple, Microsoft, Facebook, and Alphabet on the up. From here, stocks including but not limited to Nike and Ulta went up as well, alongside other traditional consumer-area stocks.
Energy and materials stocks didn’t recover as much, however. Investing says that oil prices dropped, with West Texas Intermediate’s materials falling 1.94% to $53.63 a barrel. This lead to an 8.45% stock drop in August. Chemical stocks hit a 52-week low as well, with U.S. Steel and Alcoa dropping too.
All of these drops were somewhat predicted, but we don’t know how long they’ll recover for, or if these highs will stay.
Click here to learn more about stock brokers and stock trading.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
Max Moeller
