Stocks edged up for a fourth straight day to score another round of records Wednesday, supported by rosier U.S. economic data and ongoing hopes for a U.S. - China trade deal, but Wall Street trading volumes were thinner than usual ahead of the Thanksgiving Day holiday Thursday.
U.S. consumer spending rose in October for the eighth month in a row, a potentially good sign for the holiday shopping season that gets underway after Thanksgiving with Black Friday specials. “We can be thankful that the economy is still in a good place with economic growth a little better, a rebound in business durable equipment expenditures, and a sharp decline in joblessness which together tell the story that recession is nowhere to be seen and should not be on anyone’s radar in 2020,” MUFG chief economist Chris Rupkey said.
“Is a phase one deal practically priced in by now, and are we therefore looking at a potential ‘buy the rumor sell the fact’ reaction once it’s wrapped up?” he asked. Under Armour Inc. UAA, +6.17% rose more than 6% after it was upgraded to strong buy from outperform at Raymond James based on sales of new products and an upbeat outlook about the federal accounting investigation now underway.
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World stocks edge off highs to await U.S.-China progressWorld stocks edged off their highest in almost two years, but kept record levels in sight, following fresh signs that the United States and China were working to end a trade war dragging on the global economy Pure Hot air being blown! There is no trade deal ever! The punchline here, that most seem to ignore , is that from what I’ve read, this magnificent deal will for the most part return trade levels to where they were before the tariff war, particularly in agriculture. What were the fresh signs exactly? They agreed to a deal on October 11
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Oil slips as U.S. stocks rise, but hopes for U.S.-China trade deal stem lossesOil eased on Wednesday following an industry report showing a surprise build in ...
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Stocks making the biggest moves midday: Dollar Tree, Dick's Sporting Goods, Chipotle and moreThese are the stocks posting the largest moves in midday trading. Go, Market, go! We'll always celebrate the positives. It's not about it is strong but the alternative substitutes are in weak crisis
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Stocks have a history of positive trading around Thanksgiving, but not recentlyThe holiday spirit has given the Wednesday before Thanksgiving and Black Friday a great track record. Soon The Market will be singing a Areosmith Tune 'Going Down?'. Long Live Rock and Roll. Santa Claus rally is here. Trump promises China deal is all but done. FED says more rate cuts likely. You can't possibly lose. Back up the truck and buy, buy, buy!!! timeofseason2buy
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Global stocks nearing record highs on trade hopesWorld shares made another push for an all-time high on Wednesday after U.S. Pres... Trump wins every day Is the next headline standby for a fall? The stock market doesn’t want a trade deal, just the hope of a deal so the market can continue to ride upward on the hope! I think Trump has tapped into this reality and is keeping hope alive!
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Further to run for global stocks, but trade salve needed: Reuters pollThe global stock market rally has further to run in 2020, according to analysts,... Follow investor_mullin I teach how to earn $100 daily
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