Wall Street posted solid weekly gains. The S&P 500 and Nasdaq were up 0.7% and 0.9%, respectively while the Dow gained 0.4% this week.
President Donald Trump later confirmed that a trade deal had been reached. As part of that agreement, new tariffs set to take effect Sunday will be scrapped. He also said some of the prior. He also noted the White House will keep a 25% levy on $250 billion in place.
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The stock market response very sensitive for US-China trade talk. Obviously, the Phase 1 deal is not good for US. but it is great for Trump himself.
I love how you try to make good news still sound bad... Your network is a joke
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Asia stocks set to jump as investors await signing of phase one US-China trade dealShares in Asia were set to jump at the open on Friday after sources told CNBC Thursday that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval. Trump Bump v2.0 🇺🇸 doesn’t need a deal.
Source: CNBC - 🏆 12. / 72 Read more »
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Stocks whipsawed following news of a US-China trade dealStocks were flat Friday after Chinese officials said a phase one deal had been reached with the United States that would avert an escalation of the trade war and higher tariffs set to kick in on Sunday. President Trump confirmed the news on Twitter. They will drop Monday Nothing settled Thank you, POTUS!!
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European stocks seen higher on US-China deal hopes; Conservatives win UK electionEuropean stocks were seen higher Friday morning after news that the U.S. and China have reached a phase one trade deal in principle, while the U.K.'s ruling Conservative Party has won a commanding majority in the general election. Thanks Trump 💪🏽🇺🇸 it is funny that if trade deal done,china will relocate purchase from EURO TO USA Deal Hopes? WTF? We have “the deal.” Remember?
Source: CNBC - 🏆 12. / 72 Read more »