Stocks ended higher Monday, marking a partial bounce from Friday's steep selloff, after President Donald Trump said China wants to return to the negotiating table and that he was optimistic about prospects for a deal to end an escalating trade war. The Dow Jones Industrial Average [s djia] rose around 270 points, or 1.
1%, to end near 25,899, according to preliminary figures, while the S&P 500 SPX, +1.10% gained around 31 points, or 1.1%, to close near 2,878. The Nasdaq Composite COMP, +1.32% finished around 102 points higher at 7,854, up 1.3%. Stocks tumbled sharply on Friday after China imposed retaliatory tariffs on $75 billion of imports from the U.S., prompting an angry response from Trump, who followed up after the market closed with additional tariff increases on Chinese products.
Socialists always talk of the greed and unfairness of free market capitalism. You first have to actually have it before you can criticize it.
Which is it? Friday with the Twitter rant, he was pessimistic. Now he is optimistic? Stock traders have to be the dumbest people on earth. 🤦🏼♂️
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.
Asia stocks set to drop as US-China trade war intensifiesStocks in Asia were set to trade lower on Monday following an escalation in the U.S.-China trade war late last week. How about the stocks are coming back to historic P/E ratios? Hari kari anyone? Keep money under mattress, best bet
Source: CNBC - 🏆 12. / 72 Read more »
China's yuan, stocks slump as trade dispute escalatesThe Chinese yuan slumped to a fresh 11-year low against the dollar on Monday and... The *Tom & Jerry* trade war loop. Who does this hurt more? TheLastRefuge2 I'm asking God for 1000 downloads of this book before the end of August. 7 days to go.🙏 Christian Family Dating inspirational. If everyone who sees this tweet can afford to spare $2.99, it will happen. If you can't, I'll appreciate a retweet.❤️❤️🙏
Source: Reuters - 🏆 2. / 97 Read more »
Global Stocks Fall as Trade Tensions EscalateGlobal stocks and government bond yields fell as a new escalation in commercial tensions between the U.S. and China cast fresh doubt on growth prospects. I’m not worried about the stock market at all Let the wimps pull out of the market. US ECONOMY IS NOT EFFECTED AS A WHOLE Only small sectors There is TRILLIONS in more take home pay & 401ks floating around GO LONG ON AMERICA Chinese GOVERNMENT sent enough fentanyl to Sinola cartel to kill all Americans Times 10 WAS THIS TO KILL MILLIONS? Or 10ks like normal
Source: WSJ - 🏆 98. / 63 Read more »
Nomura cuts recommendation on HK stocks as protests, trade war escalateJapanese brokerage Nomura downgraded its recommendation on Hong Kong st... coward Hong Kong's excellent infrastructure of finance and trade has its inherent advantages that cannot be formed in a short time.
Source: Reuters - 🏆 2. / 97 Read more »
European stocks set to open lower amid rising US-China trade tensionsEuropean stocks are set to begin Monday's session in the red as investors react to the latest escalation in the U.S.-China trade war. But... the economy is strong...? 🙄 MAGA TrumpGibberish 🤪😅
Source: CNBC - 🏆 12. / 72 Read more »