|Day's Range||7,107.19 - 7,197.29|
|52 Week Range||6,630.67 - 8,133.30|
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Stocks losing steam as Trump says he would be "Proud" to shut down the government if he doesn't get a border wall. Plus - Cowen says Amazon stock could jump 40% - it’s our call of the day. And - where do you hide in this market? Veteran trader Lee Munson gives us the playbook. Plus - believe it or not - companies are leaving China because of its Tariffs. We have the latest.
Global stock indexes jumped Wednesday to reverse some of their big losses from the week before. In the U.S., technology companies rallied and energy companies rose along with crude oil prices. The Wall Street Journal reported that China's government could make changes to its "Made in China 2025" economic development plan.
U.S. stocks jumped about 1.6 percent on Wednesday, bolstered by the technology sector, as signs Beijing would ease its "Made in China 2025" industrial policy added to optimism fueled by President Donald Trump's upbeat comments on trade talks. Trump, in an interview with Reuters, said trade talks were already underway and that China was buying a "tremendous amount" of U.S. soybeans.
Stocks are rising Wednesday as a series of news reports suggest that significant headway is being made on U.S.-China trade negotiations.
U.S. stocks jumped on Wednesday, boosted by the technology sector, as indications that Beijing would ease its "Made in China 2025" industrial policy added to optimism fueled by President Donald Trump's upbeat comments on trade. Trump, in an interview with Reuters, said trade talks were already underway and that China was buying a "tremendous amount" of U.S. soybeans.
The S&P 500 rose 32 points, or 1.2%, as of 9:35 AM ET (14:35 GMT), while the Dow increased 289 points, or 1.2%, and the tech-heavy Nasdaq Composite jumped 89 points, or 1.3%.
Stock markets around the world rose along with U.S. Treasury yields on Wednesday as U.S. President Donald Trump sounded upbeat about a China trade deal and sterling bounced on bets that UK Prime Minister Theresa May would keep her job. U.S. Treasury yields advanced in tandem with Wall Street's gains after Trump said trade talks with China are progressing with discussions underway by telephone and more meetings likely among officials of both countries.
U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fueled by President Donald Trump's upbeat comments on trade. Beijing is working to replace its Made in China 2025 policy with one that plays down its bid to dominate manufacturing, according to the Wall Street Journal. Sentiment was already higher after Trump said negotiations with Beijing were taking place by phone and he would not hike tariffs on Chinese imports until he was sure about a deal.
Once again, ideas that trade talks with China might yield some fruit appeared to be the motivating factor, in part because of comments by President Trump and reports that China might loosen restrictions on auto imports. Trump said he might be willing to intervene in the criminal case of a top Chinese executive arrested last week if it would help reach a trade deal. A leadership challenge to Prime Minister Theresa May seems possible, according to media reports, after she postponed voting on a Brexit measure earlier this week.
Ever since the dawn of his presidency, Wall Street has had to decide which Donald Trump it was dealing with — the “good” Trump or the “bad” Trump. The “good” Trump cut corporate taxes and regulations, while the “bad” Trump shut down immigration, bullied CEOs about keeping jobs in the U.S., and threatened tariff wars with key trading partners. Over the past few weeks, the “bad” Trump has returned, and stocks have reeled.
U.S. stocks jumped at open on Wednesday as the Wall Street Journal report about China's plans to increase access for foreign firms added to earlier optimism on trade from Trump's upbeat comments. The Dow ...
Stocks opened sharply higher Wednesday, lifted by continued optimism over renewed U.S.-China trade talks. The Dow Jones Industrial Average jumped 279 points, or 1.2%, to 24,649, while the S&P 500 rose 1.1% to 2,665. The Nasdaq Composite advanced 1.3% to 7,121. President Donald Trump, in an interview with Reuters, said he was willing to intervene in the Justice Department's case against an executive of Chinese company Huawei if it would help clear the way to a trade deal with Beijing. Also, The Wall Street Journal reported that China is preparing policy changed designed to increase access to its markets for foreign companies.