Financial Review

Marines Sue for Trademark Infringement


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…NAFTA renamed. Net neutrality fight continues. GE’s new sacrificial lamb. Elon Musk makes deal with SEC. Nobel for immunotherapy. Financial Review by Sinclair Noe for 10-01-2018 DOW + 192 = 26,651 SPX + 10 = 2924 NAS – 9 = 8037 RUT – 23 = 1672 10 Y + .02 = 3.08% OIL + 2.29 = 75.65 GOLD – 3.60 = 1189.60   Wall Street has been hoping for some sort of victory in the trade wars. And we have a new version of NAFTA, with a few changes – including the name. U.S. equity futures jumped alongside the currencies of Canada and Mexico. Stocks lost some ground through the trading session. Industrial stocks, and more specifically auto and rail-related shares rose. Ford Motor gained 0.8 percent, while General Motors advanced 1.6 percent. Among railroads, Kansas City Southern rose 2.9 percent. Energy stocks got a boost as crude oil prices hit their highest level since 2014 on a combination of the new trade agreement and U.S. sanctions on Iran.   Hours before the midnight deadline, the US and Canada struck a deal for a renewed trilateral agreement between the United States, Mexico, and Canada. Newly dubbed the “USMCA” — the US-Mexico-Canada Agreement — it’s basically an updated version of the original North American Free Trade Agreement.   A few notable issues stalled the negotiations between Canada and the US over the past month — and at the outset, these appear to have been mostly resolved, giving each side a chance ...
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Financial ReviewBy Sinclair Noe