For Main Street, what does the global trade war worry about? Look at what happened to the small company.
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The Standard & Poor’s SmallCap 600 Index fell again by 2.1% today, down 20.29 points to 923.12 points, down 4.8% from last week. The worst performing industry? Smaller banks, technology companies, manufacturers and raw material producers. The Standard & Poor’s 600 information technology, industrial and materials industries all fell by about 5%. Ominously, its financial index reflects the fate of local, regional and mid-sized banks, which has fallen by 6%.
Although many investors may wish that trade wars would hit big companies harder than small ones, skeptics would say this is naive. The ebb sinks all the ships. Small companies are often particularly vulnerable to the economic downturn and even the decline in consumer confidence. They also found it more difficult to squeeze money.
A group is going upstream? Small gold company. The Dow Jones Global US Small Gold Mining Index actually rose within a week, rising from 175.28 to 176.03, and the bullion rose by 35 US dollars to 1,347 US dollars per ounce.
At the same time, At Home Group (HOME) rose by 5.09 US dollars or 19% on Friday, and after the fast-growing home decoration supermarket debuted in the third quarter, sales increased by 25%, and basic profits almost doubled. The company proposed guidance for 2018 and stated that it has four times the space in the long run.