Daily Updates

Stock Market Today: December 5, 2019

Harvey S. Katz, CFA | 12/05/2019

The stock market, down for three consecutive sessions, rebounded nicely to start the day yesterday and would ultimately fashion a wire-to-wire win. Behind Monday's sudden sharp retreat had been the release of a dour report on manufacturing activity from the Institute for Supply Management, or ISM. The rationale for Tuesday's sharp setback was a tweet from the President suggesting that any partial trade deal with China might have to wait until after the 2020 election. Expectations had been that a so-called phase one trade agreement would be hammered out before the end of this year.

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