P Spx: Wall Street and Gains Losses

p spx: Related British pound turns lower in volatile trade on concerns Parliament will spurn Johnson's Brexit pact Granted, the deal faces a tough hurdle in the U.K. Parliament as early as this weekend, but if a deal does get done, should investors outside of Britain get excited For some economists, an agreement would certainly be a positive, at least at the margins, according to Market Watch. Brexit, after all, is woven into the fabric of interrelated global worries over strained trade relations and weakening global growth. Wall Street went on to open in positive territory, but struggled to hold on to the advance, with the Dow Jones Industrial Average DJIA, -0.95% eking out a rise of around 24 points, or 0.1%, after flipping between gains and losses while the S&P 500 SPX, -0.39% advanced 0.3%. Read Brexit deal has been reached, EU and U.K. leaders say European equities rose, while the British pound GBPUSD, 0.6517% built on recent, strong gains, only to give them up as concerns emerged over the path to completing the deal. As Mohamed El-Erian, chief economic adviser to Allianz, put it on Twitter, the initial move higher by U.S. stock-index futures is consistent with the view that investors are looking for policy progress to offset weakening global fundamentals, and growing central bank ineffectiveness to be offset by progress on trade and fiscal policy. Losses of more than 3% for all main U.S. indexes that wiped out year-to-date gains for both the S&P 500 and the Dow on those headlines. Move up in US stocks future on the back of the latest Brexit headlines is consistent with the view that investors are looking for Policy progress to offset weakening global fundamentals, and Growing central bank ineffectiveness to be offset by progress on trade and fiscal. https //t.co/oTtBHLWAF3 Mohamed A. El-Erian elerianm October 17, 2019 The unexpected outcome of the June 2016 U.K. Brexit referendum certainly shook up financial markets. (news.financializer.com). As reported in the news.