Shanghai Composite Drops Nearly 6%

Shanghai Composite Drops Nearly 6%

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Monday, May 6.  The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite fell 0.3%, 0.4% and 0.5%, respectively, as U.S.-China trade negotiations, a North Korean ballistic missile test and other international tensions dominated headlines. Jim emphasized that although economic fundamentals remain strong, event-driven news increased market volatility in the U.S. and abroad: China’s Shanghai Composite closed down nearly 6%—the index’s worst one-day loss in more than three years.

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