Market News & Analysis

Market Brief: Pound Strong as Brexit Returns to the Forefront



  • US indices closed roughly 0.5% higher across the board on the final trading day of the quarter.
  • Technology (XLK) was the strongest sector on the day, while Energy (XLE) was the weakest.
  • See a full rundown of the key market events and trends we’ll be watching this week!
  • Stocks on the move:
    • Blackstone Group (BX) dropped -3% after announcing it would buy Colony Industrial.
    • Apple (AAPL) gained 2% after a JP Morgan analyst raised his price target to $265. The stock’s market cap is once again above $1 trillion.
    • Shares of Chinese firms Alibaba (BABA, +1%) and Baidu (BIDU, +2%) gained after the US Treasury Department denied it was considering banning Chinese firms.
    • Tesla (TSLA) dropped -1% after a judge ruled the company engaged in unfair labor practices late on Friday.

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