Financial Review

…Dow down year-to-date. Trade wars escalate. How it could play out. Senate squashes ZTE deal. Another cut to Obamacare. FedEx and Oracle beat earnings. Starbucks sales slip. GE booted from Dow. Financial Review by Sinclair Noe for 06-19-2018 DOW – 287 = 24,700 SPX – 11 = 2762 NAS – 21 = 7725 RUT + 0.98 = 1693 10 Y – .03 = 2.89% OIL + .07 = 65.14 GOLD – 3.50 = 1275.40   The Dow Industrial Average has now dropped for six consecutive sessions, the longest losing streak since March 2017. The Dow has now lost all gains for 2018. The small-cap Russell 2000 index, whose components are more domestically focused than large-cap companies, edged up by just a fraction. The only groups in positive territory were utilities, telecommunications, real estate, and consumer staples, all of which are seen as defensive groups. Materials and industrials stocks, both of which have an outsize impact to trade uncertainty, both tumbled 2%. Shares of Boeing, which has been a proxy for trade-war tensions with China, fell 3.8 percent, we