Banks reversed course and helped lead the broad gains. Banks were benefiting from higher bond yields, which enable them to charge higher interest rates on loans. Bank of America shares rose 1.7% and Citigroup rose 1.9%. Bond yields rose after a surprising rise in April new-home construction.The steady gains mark a turnaround from Monday, when stocks took a nosedive after Beijing issued retaliatory tariffs on U.S. goods, ratcheting up tensions between the two largest economies in the world.
Utilities and real estate companies lagged behind the overall market, another sign that investors were becoming more comfortable holding riskier assets. “Clearly, the market is at the mercy of what we’re hearing on trade,” said Liz Ann Sonders, chief investment strategist at Charles Schwab.
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:
Have a very radical liberal friend who texts my wife ever time the market has bad down day, but never anything on up days. This AM, seeing market was up 200+ pts, I suggested to her that she text her that market was up for past 3 days. LOL Said gal never tweeted us when O was in
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in WashingtonShares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks end higher, reclaiming portion of ground lost in Monday routStocks closed with gains, but off session highs, on Tuesday, reclaiming a portion of the ground lost in the previous session's rout, which marked the biggest...
Source: MarketWatch - 🏆 3. / 97 Read more »
Here are Monday’s worst stock-market performers as U.S.-China trade dispute escalatesThese stocks are taking the biggest beating Monday with Dow now down 700 points TrumpsTariffs are a winning strategy. Not.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves after hours: Take-Two, StoneCo and Tencent MusicSee which stocks are posting big moves after the bell on Monday.
Source: CNBC - 🏆 12. / 72 Read more »
European stocks drop as China ups stakes in trade war with U.S.European stocks continued their decline on Monday, on the heels of this year&03... Thank you mr carrot face! ..and the bitcoin goes up :) isn’t this how the Great Depression started and then rippled throughout the world?
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves after hours: Pinterest, Nvidia, Applied Materials and moreSee which stocks are posting big moves after the bell on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks close higher for third time in four sessions on growing trade optimismU.S. stocks recovered from early morning losses Wednesday after reports that the Trump administration was taking steps to ratchet down trade tensions with... OH YEAH Trump tweets is the market now The Trump Put This is ridiculous. The one time in the last four sessions that stocks closed DOWN was a complete disaster and the 3 up days do not compensate for that. Get your act together.
Source: MarketWatch - 🏆 3. / 97 Read more »