Stocks rise broadly; S&P 500 ends three-day losing streak

Stocks closed broadly higher Wednesday amid renewed hopes on Wall Street that a U.S.-China trade deal may be nearing despite tough recent talk from President Trump.

The report came the day after Trump said he wouldn’t mind waiting until after the 2020 elections for a deal, a remark that officials reportedly called off the cuff but that nevertheless sent markets skidding.Healthcare and financial stocks drove much of Wednesday’s rally. Energy companies notched the biggest gain, following a 4.2% increase in the price of U.S. crude oil.The Dow Jones industrial average rose 146.97 points, or 0.5%, to 27,649.78. The Nasdaq composite rose 46.03 points, or 0.

Surprisingly good company earnings and solid economic data have helped keep investors in a buying mood this fall against a backdrop of optimism that the U.S. and China were nearing a trade deal. A Wednesday report on the U.S. job market came in surprisingly weak, which could raise doubts about what’s been the strongest part of the economy. Private employers added just 67,000 jobs last month, according to payroll processor ADP. That’s roughly half of October’s hiring pace, weaker than economists expected.

A rebound in the price of crude fueled oil-related stocks. Energy stocks in the S&P 500 rose 1.6% — the biggest gain among the 11 sectors that make up the index. Halliburton advanced 4.2%. Devon Energy climbed 4.6%.

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Growth stocks still have room to run before reaching previous bubble valuations, Credit Suisse strategist saysA Credit Suisse strategist reiterated an overweight call on U.S. growth stocks, which he says can outperform even when bond yields rise. Lol - no Pumping up the market for a crash. Is a bad idea, yet manipulation is at an all time high.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks fall on trade worries, weak economic reportsTechnology companies led a broad slide for stocks on Wall Street Monday, handing the market a downbeat start to the month after notching strong gains in November. trump’s plan and then say it didn’t happen. Oh good Lord...the LAT is now predicting (and wishing for...) a recession. This is the kind of slanted news produced by the LAT that drives the paper into subscription demise and ultimate bankruptcy
Source: latimes - 🏆 11. / 82 Read more »

U.S. Stocks Slide After Trump Signals Further Delays to China DealMajor U.S. stock indexes slid, with the Dow industrials down more than 300 points, after Trump spurred worries an end to the trade war may be further delayed. He plays the market. Manipulation. Does China make a ton of cheese or something? What's with the photo?
Source: WSJ - 🏆 98. / 63 Read more »

Global Stocks Drop After Trump Signals Further Delays to China DealStocks fell Tuesday after President Trump signaled that he might be willing to wait to strike a trade deal with China until after the U.S. elections next year. Europe will place 100% tariffs on Apple, Ford and agricultural products from the US. Farming in America will be wiped out. China no longer buying, Europe no longer buying. they will come back ; always do; time to buy for the brave
Source: WSJ - 🏆 98. / 63 Read more »