Tech stocks drive gains on Wall Street; Boeing weighs on Dow

- The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.-China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials.

White House adviser Larry Kudlow said tariffs scheduled for December could be withdrawn if talks go well, adding to optimism after China said it will work with the United States to address each other’s core concerns. “It is a bit more confirmation from China as to what was agreed with the U.S. in discussions toward the stage one trade deal” said Jon Adams, investment strategist at BMO Global Asset Management.after largely upbeat results from big banks last week kicked off the third-quarter earnings season on a strong note.

“I was impressed with the financials because they aren’t supposed to do well in a low interest rate environment.”

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Wall Street is sounding the alarm as a key source of stock-market buying evaporatesShare buybacks fell 18% year-over-year in the second quarter, Goldman analysts found, and the second half of the year will likely see further decline. STOCK BUY BACKS ONLY MAKE THE THE ECONOMY LOOK LIKE IT'S DOING WELL THEY USED TRUMP TAX CUTS TO BUY THERE OWN STOCK ENRICH THEMSELVES NOT REINVEST IN ECONOMY BY CREATING NEW JOBS
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