U.S. Daily Market Review 15.10.19

U.S. stocks slipped this morning after the Columbus Day holiday as investors concluded the trade deal with China announced Friday are not expected to result in any massive falling trade barriers.

The Dow Jones Industrial Average declined 20 points or 0.08% to 26,796.

The S&P-500 index dropped 3 points, or 0.10%, at 2,967.

The Nasdaq Composite Index tumbled 1.5 points, 0.02%, at 8,055.

Treasury Secretary Steven Mnuchin stated his optimism that Washington and China have a workable trade agreement to mark a good start.

Construction and engineering company AECOM (ACM.N) soared 6.2% after agreeing to sell its management services unit to private equity firms for about $2.4 billion.

Nike Inc (NKE.N) gained 1.2% after Bank of America Merrill Lynch upgraded the company’s stock to “neutral” from “underperform.”

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