Wall Street rallied Monday, with all three major U.S. stock indexes posting record finishes as investors cheered a so-called phase-one U.S.China trade deal. The Dow Jones Industrial Average DJIA, +0.36% rose around 99 points, or 0.4%, to end near 28,235, according to preliminary figures, while the S&P 500 SPX, +0.71% advanced around 23 points, or 0.7%, to finish near 3,191. The Nasdaq Composite COMP, +0.91% ended near 8,814, gain of around 79 points, or 0.7%.
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Stocks rise on Wall Street as rally stretches to fourth dayU.S. stocks rallied in early trading Monday, rising with European and several Asian markets after China reported surprisingly strong signs of life. President Trump Trump trump Thank you realDonaldTrump !
Source: ABC - 🏆 471. / 51 Read more »
European stocks set to climb as 'phase one' trade deal boosts sentimentEuropean stocks were set to open higher Monday after the U.S. and China agreed a 'phase one' trade deal, though investors are likely to remain cautious with some details remaining unclear. Did I miss the official documentation, signing, and handshake for Phase 1? how many times do stocks rise on the same freakling news? got damn I can't wait until the Soybean algos kick in on 'Phase 2 trade deal talks going well'
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set for subdued open despite renewed optimism with phase one US-China deal 'totally done'U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is 'totally done.' So futures gapped up open, no ones buying it. They just need another fake headline to pump algos and trigger stop loss short cover then puts another breath into the momentum. Because no one believes the Trump admin. Now that the Hopium is waning off, reality is striking the markets! And that reality is that the real economy is sinking rapidly and it’s only a matter of time before unemployment raises its face badly. Christmas season will also be over in a week and seasonal work is also over!
Source: CNBC - 🏆 12. / 72 Read more »
Easing Worries Push Investors Out of Havens, Drive Stocks to New HighsInvestors are pulling back from positions in haven assets like gold, the Japanese yen and dividend-paying stocks, a sign of mounting optimism as recent developments ease long-held worries about trade and global growth. Knowledge is more precious than Gold..?
Source: WSJ - 🏆 98. / 63 Read more »