1) The EU (European Union) has declared they will not negotiate the Brexit deal with Britain. There are only fifty days remaining before Brexit automatically happens.
2) Optimism fades over China-US trade talks stalling, which caused domestic market to dip down. The administration is considering another tax cut this next year for middle American’s.
3) The growth forecast for the EU is down because of the trade war and global tensions plus the slowdown of China’s economy.
4) 7 FEB 19 Stock market closings:
Dow 25,169.53 down 220.77
Nasdaq 7,288.35 down 86.93
S&P 500 2,706.05 down 25.56
10 Year Yield: down at 2.65%
Oil: down at $52.54