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    Stocks Up On Possible Huawei Stance Softening, Durable Goods Down

    May 24, 2019
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    Trump’s China Trade Threats Convulse Global Financial Markets

    Equities Up

    US equity markets opened higher as global stocks rebounded after yesterday's rout. News that the Trump administration may soften its stance on Huawei contributed to gains. The three major indexes are poised to post consecutive weekly losses, and the Dow could see its longest streak of weekly losses in eight years heading into the Memorial Day weekend.

    Durable Goods Misses Forecast

    April durable goods orders registered a decline on the headline reading at -2.1%. Core capital goods orders were also negative at -0.9 with downward revisions to March. Orders are now running below shipments for April, consistent with sluggish momentum in capital expenditure.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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