Here's what happened to the stock market on Wednesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

All three major indices closed higher today, although stocks lost steam into the close on a Reuters report that China has lowered expectations for trade talks. The Dow gained 0.7%, the S&P 500 increased 0.9% and the Nasdaq rose 1%.

advanced 1.02% to 7,903.74. Stocks got a jolt from a report that stoked hopes for the U.S.-China trade talks.Bloomberg News reported that China is ready to accept a partial trade deal, lifting investor sentiment ahead of talks that are set to begin Thursday. The only condition, according to the report which cites an official, is President Donald Trump holding off on additional U.S. tariffs on Chinese products.

Market expectations for a broad deal were low entering the week, but investors are looking for signs the two sides are making progress to eventually end the trade war. If negotiators fail to ease the uncertainty around global trade, stocks could add to their losses for the month.Apple shares rose more than 1% after an analyst at Canaccord Genuity hiked his price target on the tech giant to $260 per share from $240, citing strength in iPhone 11 sales.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

After what Activision did, ATVI needs to be delisted from NASDAQ. They are no longer an American Company. Good thing the NBA hasn't gone public. StandWithHongKong

Dang, Didn't realize that it was that late in the day already

Strategic report before the close. Media could not take the market to get out of hand. But it will. Sorry Media shorts! cvpayne MariaBartiromo JoeSquawk jimcramer Varneyco BreitbartNews mitchellvii

Have you fired amanda_m_macias yet?! (cc DefenseIntel)

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:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on TuesdayStocks faded into the close today as optimism around this week’s U.S.-China trade talks continued to dim. The Dow closed more than 300 points lower. The S&P 500 slid 1.6% and the Nasdaq dropped 1.7%. But Trump told us this would be easy ... Got any comments, realDonaldTrump? The markets are dumb... We learned after the 3rd or 4th Infrastructure Week that realDonaldTrump is full of SHIT!
Source: CNBC - 🏆 12. / 72 Read more »

The stock market is becoming a Trump weaknessThe stock market&39;s performance under Trump now lags that of prior presidents. “...since Trump won in 2020”? Don’t you proofread this stuff?
Source: YahooNews - 🏆 380. / 59 Read more »

Asian stocks fall by the most in a week as U.S.-China standoff escalatesAsian stocks fell the most in a week on Wednesday as the United States and China... Winning Crazy Trump brings the whole world economy to big recession
Source: Reuters - 🏆 2. / 97 Read more »

Upbeat earnings boost European shares; trade caution prevailsUpbeat corporate earnings boosted European stocks on Wednesday after a 1% drop i...
Source: Reuters - 🏆 2. / 97 Read more »

Here’s Why The Stock Market Got Crushed TodayWhy the stock market got crushed today Talk about a bumpy ride. 😮 Invisible hands
Source: Forbes - 🏆 394. / 53 Read more »