Financial Review

…Apple hits $1 trillion. Trade war backs China into a corner. EPA proposes rolling back fuel efficiency standards. Tesla squeezes shorts. Financial Review by Sinclair Noe for 08-02-2018 DOW – 7 = 25,326 SPX + 13 = 1827 NAS + 95 = 7802 RUT + 12 = 1682 10 Y – .02 = 2.99% OIL + .04 = 69.00 GOLD – 8.30 = 1208.20   Stocks started the morning in negative territory; the broader market turned positive, but the Dow Industrials struggled, dropping more than 200 points, then finishing the session down 7. Another big day for Apple, pushed market capitalization above $1 trillion – the first company ever to hit the trillion mark. Apple has seen a very impressive rally over the past couple of days, following a strong earnings report, the company has tacked on $80 billion in market capitalization; that was enough to lift the S&P 500 and the Nasdaq – and it added about 30 points to the Dow today. Apple rose 3% to close at 207.39.   In the more than four decades since Steve Jobs founded the company in a California garage, Appl