Wednesday, March 6, 2019

U.S. industrial stocks go `from hero to zero'

Shares of U.S. industrial companies signaled caution about the outlook for global trade and economic growth by going “from hero to zero,” according to Nicholas Colas, co-founder of DataTrek Research LLC. Colas cited the S&P 500 Industrials Index’s performance in a report Wednesday. The index ended the day with this year’s sharpest gain, 16 percent, among the 11 main industry groups in the S&P 500 -- and also the steepest drop in the past five trading days, 2.3 percent. “Given that U.S.-China trade talks are entering some sort of home stretch, that’s not what you want to see,” Colas wrote.

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