U.S. stocks opened higher after a Chinese government official said Beijing would not immediately respond to President Donald Trump's latest round of tariff hikes last week. The S&P 500 SPX, +1.17% was up 0.8% to around 2,910. The Dow Jones Industrial Average DJIA, +1.11% advanced 244 points, or 0.9%, to 26,280. The Nasdaq Composite COMP, +1.50% climbed 1.2% to 7,951. Equities jumped at the sign that Beijing may be moving to ease trade tensions instead of escalating the U.S.
A spokesperson for China's commerce ministry said "the question that should be discussed now is about removing the new tariffs to prevent escalation." He also said both sides were discussing a planned meeting next month. A revision of second-quarter GDP growth showed the U.S. economy was still expanding at a steady clip of 2%, driven by strong consumer spending. In company news, shares of Best Buy Co. Inc BBY, -7.92% fell 5.
I bolive this drama continue 😮😮😮
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
What to watch today: Bond yields hit stocks, possible opioid deal, and China spies use LinkedInU.S. stock futures move in a narrow range between gains and losses this morning, following a Tuesday session that saw stocks give up a chunk of their Monday gains.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »
Stocks are surging after China signals trade talks with the US could be back onChina would prefer to settle the issue and avoid further escalation of the trade war, its Commerce Ministry said. NO TRUMP MIND Excuse me if I don’t get my hopes up.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Stocks fall for second day as investors watch yield curve, U.S.-China trade fight, BrexitStocks traded lower Wednesday as investors gauged the potential recession signal offered by the inverted U.S. Treasury yield curve, while the intensifying... Up +24 at 10a. Dip
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »
Stocks to rise as rate cuts beat back trade worries for now: Reuters pollWorld stocks will keep rising over the coming year, according to the latest Reut... Till it hits 27k or close . He will tweet again on trade war . Before doing that his cronies will sell their shares in the market and profit . Yeah, cos manipulating markets never got anyone into trouble... Are you kidding me! How the fuck do you know that? That is completely misleading!
Fonte: Reuters - 🏆 2. / 97 Leggi di più »
Stocks making the biggest moves after hours: Autodesk, HP and HeicoSee which stocks are posting big moves after the bell.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »