Market Brief: BoJo Wins a Brexit Battle, but Will He Win the War?

Matt Weller
By :  ,  Head of Market Research

 
  • US indices closed marginally lower in a day of choppy, headline-driven trade.
  • Communications Services stocks (XLC) were the strongest sector on the day. Consumer Staples (XLP) brought up the rear.
  • Stocks on the move:
    • General Electric (GE) traded flat after announcing it would freeze pensions for 20k workers.
    • Uber (UBER) rallied 3% after analysts at Citi upgraded their outlook for the ride-sharing platform.
    • Recent IPO SmileDirectClub (SDC) dropped -8% in follow-through selling after Friday’s critical report from prominent short seller Hindenburg Research.

Related tags: Forex Indices Shares market

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar