Afternoon Note
The major indices are mixed in response to the confirmation that US-China had reached a preliminary trade deal. The tech-heavy Nasdaq is getting a lift from Apple (AAPL) that hit a new all-time high.
Early in the morning, Chinese officials confirmed that a deal had been reached. Officials said the two sides will “agree to complete the last stages of the deal as soon as possible.”
President Trump confirmed that a trade deal had been reached. In addition, the U.S. Trade Representative said it will keep 25% tariffs on $250 billion of Chinese imports and 7.5% tariffs on $120 billion of Chinese goods.
The two defensive S&P sectors (Consumer Staples and Utilities), and Technology are higher today.
S&P 500 Index |
|
-0.03% |
Communication Services (XLC) |
|
-0.44% |
Consumer Discretionary (XLY) |
|
-0.12% |
Consumer Staples (XLP) |
+0.03% |
|
Energy (XLE) |
|
-0.05% |
Financials (XLF) |
|
-0.55% |
Health Care (XLV) |
|
-0.29% |
Industrials (XLI) |
|
-0.26% |
Materials (XLB) |
|
-0.44% |
Real Estate (XLRE) |
-0.37% |
|
Technology (XLK) |
+0.61% |
|
Utilities (XLU) |
+0.30% |
|
On the economic front, business inventories increased 0.2% in October, recovering from a revised 0.1% drop in September and matching market expectations.
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10/15/2025 1:23 PM | Intraday Weakness |
10/15/2025 9:53 AM | STRONG “DOWN” DAY |
10/14/2025 1:27 PM | Intraday Recovery |
10/14/2025 9:45 AM | HO, HO, HO |
10/13/2025 1:42 PM | Fears Eased |
10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
10/10/2025 10:05 AM | BIRTHDAY BREAK |
10/9/2025 1:25 PM | Shutdown Continues |
10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
10/8/2025 1:14 PM | FOMC Minutes in Focus |
10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
10/7/2025 1:34 PM | Taking a Breather |
10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
10/6/2025 1:36 PM | AMD deal powers Semiconductors |
10/6/2025 9:42 AM | ROTATION HAS BEGUN |
10/3/2025 1:30 PM | Midday Air Pocket |
10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
10/2/2025 1:34 PM | Searching for Direction |
10/2/2025 9:47 AM | A HEALTHY ROTATION |
10/1/2025 1:29 PM | Shutdown Resolve |
10/1/2025 9:45 AM | FINTECH MAKES ITS MOVE |
9/30/2025 1:47 PM | Shutdown Clock Ticks |
9/30/2025 9:52 AM | THANK YOU, SEPTEMBER |
9/29/2025 1:43 PM | Technology Turning Back Online |
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