SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets settle in red on abrupt end to Trump-Kim summit

US markets settle in red on abrupt end to Trump-Kim summit

01 Mar 2019 Evaluate

The US markets ended lower on Thursday after the summit between President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement on the denuclearization of the Korean peninsula. Trump said the North Korean dictator wanted the US to lift all sanctions without having to give up all of his weapons of mass destruction. The president noted that the two sides will continue to work toward an agreement, although the lack of a deal at the summit added to recent uncertainty on Markets. However, indexes posted strong gains in February. Better-than-expected fourth-quarter (Q4) gross domestic product (GDP) data helped to offset some of the selling pressure during the session. The Commerce Department said real GDP climbed by 2.6% in the Q4 compared to the 3.4% jump in the Q3. Street had expected GDP to increase by 2.3%. The bigger than expected increase in GDP came as consumer spending growth slowed but continued to make a strong contribution to the economy. Consumer spending jumped 2.8% in the fourth quarter after surging up by 3.5% in the third quarter.

The report also showed positive contributions from non-residential fixed investment, exports, private inventory investment, and federal government spending. Meanwhile, a report released by the Labor Department showed first-time claims for US unemployment benefits rose by more than expected in the week ended February 23. The report said initial jobless claims climbed to 225,000, an increase of 8,000 from the previous week's revised level of 217,000. Street had expected jobless claims to edge up to 220,000 from the 216,000 originally reported for the previous week. The Labor Department said the less volatile four-week moving average fell to 229,000, a decrease of 7,000 from the previous week's revised average of 236,000.

Dow Jones Industrial Average declined 69.16 points or 0.27 percent to 25916.00, S&P 500 lost 7.89 points or 0.28 percent to 2784.49 and Nasdaq was down by 21.98 points or 0.29 percent to 7532.53.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: