NEW YORK - U.S. stocks climbed on Thursday as Treasury yields rose off 15-month lows, with investors optimistic about the latest round of U.S.-China trade talks.
While investors cheered the Fed’s move, they are more worried now about a weakening earnings and economic outlook, said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York. Senior U.S. officials arrived in Beijing on Thursday for a fresh round of trade talks, which will be followed by a round in Washington next week. Trade-sensitive industrial stocks rose 0.8 percent and were among the day’s top-performing sectors.
Consumer discretionary stocks rose 0.6 percent, helped by gains in shares of clothing firm PVH Corp. Calvin Klein’s owner forecast full-year adjusted profit and sales above Wall Street’s expectations. The S&P 500 posted 27 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 41 new highs and 44 new lows.
Did they finally translate the US offer? Wow, that took a long time:
nice
How many times we gonna repeat this process before the Chinese pull the rug?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street ends down as Treasury yields fall on slowdown worriesU.S. stocks eased on Wednesday as Treasury bond yields fell again and a prolonge... Oh Duh
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street opens higher, U.S.-China trade talks in focusU.S. stocks opened higher on Thursday, helped by gains in technology and consume... 10 times reported and nothing happens
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street tumbles on global economic slowdown fearsWall Street stocks sold off sharply on Friday, with all three major U.S. stock i... Wow, even with Fedres promises of more free trillions$. This is a fake news bubble economy. The medicine 4 the GFC was hair of dog, loads more whisky for the patient. We're drunk on debt - & THE MAIN CULPRIT IS PRIVATE SECTOR DEBT, NOT GOVT DEBT! $printing failed. just more debt We have inexperienced people running our economic policy and they went for quick cash and ill advised tariffs. 😂 where are those gurus lies about two more years... please it’s two more days...
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street Week Ahead: Doubts increase that first quarter will be earnings low pointAs Wall Street braces for what may be the first U.S. profit decline since 2016, ... Thanks, Federal Reserve... Another Red Flag that A Trump/Republican’s Recession is going to happen. Hopefully it’s is not as severe as 2008 another Republican Recession. Let’s see what the first quarter GDP is. If it’s less than 3% then quit spending & prepare for many job losses. 'Earnings'? Have they EARNED them? They can always get a job.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street falls at open on global growth worriesU.S. stocks opened lower on Friday after downbeat data from Europe fueled fears ... ...the world should just start investing in penny stocks because it seems it all that’s worthwhile right now...don’t follow the crowd...
Source: Reuters - 🏆 2. / 97 Read more »