US Stocks have notched back to back weekly gains and are only 2% below their all-time-highs as easing fears around the US-China trade war is lifting investor sentiment.
Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.
J.P. Morgan Chase is close to winning the lead advisory role for the initial public offering of Saudi Aramco, the world’s most profitable corporation, edging out rivals for the plum assignment, according to people with knowledge of the situation. A final decision is expected next week.
On Sunday, a new report showed China’s trade with the U.S dropped sharply in August, as new tariffs by both sides were announced. Imports of American goods tumbled 22% in August from a year earlier to $10.3 billion, customs data showed Sunday. Exports to the United States, China’s biggest market, sank 16% to $44.4 billion.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.