Dow surges more than 350 points on hopes for a China trade deal and an easy Fed

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Stocks surged Tuesday on hopes for a U.S.-China trade deal after President Trump said he will meet with Chinese President Xi at the G-20 summit. The Dow closed up 1.35% and the Nasdaq rose 1.39%.

advanced 1.4% 7,953.88. The S&P 500 also closed 1.2% from its all-time intraday high of 2,954.13, which was reached May 1." with Xi. He added: "We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting." The summit will start on June 28.

Hope for a U.S.-China trade deal diminished last month after both countries raised tariffs on billions of dollars worth of their goods. Trump also floated the possibility of imposing tariffs on more Chinese imports.Tuesday's moves come as the Fed kicked off a key two-day monetary policy meeting. The Fed's decision is scheduled to be announced Wednesday at 2 p.m. ET. Fed Chair Jerome Powell will also hold a news conference after the announcement.

Draghi's comments sent the euro sliding against the dollar. They also jolted European stocks. The Stoxx 600 index climbed more than 1.5%, along with the German Dax and the French CAC 40." for Europe to compete with the U.S.

 

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The fact that stocks go up at the mere hope of an end to the tariffs shows how dependent America is on Chinese goods. Trump's whole populist war is utterly ridiculous. Where does he think his cell-phone comes from?

CollerRj Anyone here own stocks?

Monster day in the markets Great to see.... Records coming soon

Never been so comfortable being leveraged long! 🚀🚀🚀 Dow 30K on the way!

Pump and dump set up.

CNBC says we hit a historic high on the S&P today? I’m pretty sure we didn’t. Anyone care to guess what they’re talking about? An intra day high? 🤔

Why does the market respond to every unverified tweet?

Dear stock traders. Please remember trumps favourite answer “ we’ll see. “. Don’t try to get ahead of anything. ✌️

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