Sell the stock market on Friday for concerns about customs tariffs and weak job report. Fears of economic slowdown are increasing, and some began to indicate that the recession can be on the cards. With this in mind, it may seem a bit strange that the shares of companies with relationships with the housing market were some of the market winners.
Sherwin Williams, a Baron The choice of stocks was from June, The best performance in the industrial average of Dow Jones on Friday, where it rose about 4 %. Home Depot was another DOW winner, and acquired 1.5 %. Louie’s competitor was more than 1 %, too. And boxes circulating on the Stock Exchange, which are SPDR S & P ETF and ISHARES US Home Construction Et, also gather. Both the traded investment funds have a mixture of home builders and goods suppliers in construction and retail dealers.
What gives? Although the main job numbers were traumatly bad, there are some encouraging signs that preach well housing. Wage growth accelerated in July, as it increased by 3.9 % on an annual basis, indicating that people with jobs take larger checks.
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