Investing & Day Trading Education:  Day Trading Academy

Recap May 26: Trade War Explodes w/ Huawei – Modi wins Re-Election in India (Recap Ep020)

This week what has dominated the news has been the trade war between the U.S. and China and what Trump made with Huawei’s stock. The markets went down on monday due to this, and all of this is going to increase the “hell” that is the trade war between these two countries.
On monday the markets went up due to some good information and economic numbers that came out, but they went back down on wednesday and thursday due to the trade war.
The DAO which is the main stock exchange went down for its 5th week in a row, this has been its longest losing streak since 2011.
The S&P 500, which is the stock exchange in which we teach, fell down for its third week in a row, these days have been spectacular because of the volume and movement in trading.
The U.S. indices went down this week, the DAO went down 0.70%, the S&P 500 went down 1.20% and the NASDAQ went down 2.34%.
Facebook is close to launching its cryptocurrency called the Globocoin, it is expected to launch on 2020. Thanks to this the Bitcoin went up over 12.22% this week.

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