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US stocks end at records on international trade deal progress

  • 📰 The Straits Times
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NEW YORK (AFP) - Wall Street stocks surged to fresh records on Thursday (Jan 16) after the US Senate approved a new North American trade pact, adding to the momentum from the US-China trade deal.. Read more at straitstimes.com.

NEW YORK - Wall Street stocks surged to fresh records on Thursday after the US Senate approved a new North American trade pact, adding to the momentum from the US-China trade deal.

One of the notable winners was Google parent Alphabet, which rose 0.9 per cent to top US$1 trillion in market capitalisation, joining Apple and Microsoft in the elite group and ahead of Amazon, which is currently valued at around US$930 billion after earlier exceeding US$1 trillion. "A lot of the uncertainties that we were facing last year have been cleared," said Maris Ogg of Tower Bridge Advisors, who said there has been a"collective sigh of relief" as markets have seen recession fears recede.

 

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...once they work out, that this deal is just an empty bag, the stocks will fall again.....

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US lobster industry hopes new deal renews trade with ChinaPORTLAND, Maine (AP) - Members of the American lobster industry are hopeful the thawing of trade relations between the US and China will reopen one of the biggest markets in the world for the seafood.. Read more at straitstimes.com.
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