US stocks rally on optimism for a US-China trade war thaw

The gains reversed some of the major stock indexes' hefty losses from last Friday, when jitters over the latest escalation in the trade dispute roiled the market, contributing to its fourth straight weekly loss.

Big technology companies, which do a lot of business in China and have much riding on the outcome of the trade dispute, accounted for a big share of the gains. Apple climbed 1.9% and Microsoft added 1.5%. Along the way, traders have been repeatedly whipsawed by the turns in the trade war between the world's biggest economies.

The new round of tariff threats caused a sell-off on Friday that erased more than 600 points from the Dow. Global markets appeared headed for another wave of selling early Monday, when indexes in China closed sharply lower, until Trump said his trade negotiators had received two"very good calls" from China on Sunday.

Ben Phillips, chief investment officer at EventShares, credited Monday's market bounce on investors buying back in after a big sell-off more than on real optimism over the long-running trade conflict. Bond prices fell, which sent the yield on the 10-year Treasury up to 1.54% from 1.52% late Friday. Higher yields push up interest rates on mortgages and other consumer loans, which helped drive bank shares higher. Bank of America gained 1.2%.

See. I told you not to worry.

China has asked to meet to go over the trade dispute. It's not costly to us only to China. The president made a great trade with Japan that helps the farmers. China just has to come up with fair trade for the president to agree

They stake a lot on very little.

Trump has made it uninvestable, volatility and returns since the tax cut juice in 2017 have been horrendous. TariffsAreTaxes ETTD DonTheCon TrumpSlump TrumpRecession

Why is the stock market so naive and gullible that Trump can just say things are getting better and it will go up when we all know he lies twice for every single breath he takes?

Or there was massive short covering.

they call them trade wars but no weapons are swapped during the ordeal which is incredibly misleading

Trump is gaslighting.

Think the trade war’s costly, you should see the complacency bill.

Then our deranged “president” will say something tomorrow to make them tank again.

United States United States Latest News, United States United States Headlines

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

Asia stocks set to drop as US-China trade war intensifiesStocks in Asia were set to trade lower on Monday following an escalation in the U.S.-China trade war late last week. How about the stocks are coming back to historic P/E ratios? Hari kari anyone? Keep money under mattress, best bet
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set to open lower amid rising US-China trade tensionsEuropean stocks are set to begin Monday's session in the red as investors react to the latest escalation in the U.S.-China trade war. But... the economy is strong...? 🙄 MAGA TrumpGibberish 🤪😅
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street sees elevated recession risk, market woes after US and China stoke trade fearsSome of Wall Street's top economists and strategists see last week's trade war escalation as an ominous sign for the economy and markets. Media creating recession to push forward liberal agenda. Wall Street hasn’t been right since Trump Won. F-Em! Si se fijan bien en la foto, de la manera que agarra a Mr.Trump del brazo y su gesto de la cara del presidente de china es como que está sacando a Mr.Trump como que no se llevaron muy bien. Como que China no quiere nada mas de Mr Trump. Eso se mira en la foto.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street analysts say these stocks present a buying opportunity if the US enters a recessionCNBC combed through Wall Street research to find stocks that analysts like if the U.S. were to enter a recession.
Source: CNBC - 🏆 12. / 72 Read more »