Weekly Financial Market Update - September 27, 2019
September 30, 2019
The S&P 500 ended last week down 1.0% after the release of a whistleblower complaint ignited an impeachment push against President Trump causing political uncertainty to be reflected across markets. Further adding to negative market sentiment was a Bloomberg report indicating Trump Administration officials discussed limiting U.S. capital market investment flows into China, including potential delisting of Chinese companies on U.S. exchanges. The combination of heightened tension in both the domestic political and trade policy realms drove defensive sectors, including utilities and consumer staples, to be last week’s top performing areas of the equity market.
Learn more about the U.S. manufacturing sector, inflation data, and consumer confidence in our Weekly Financial Update.