|Day's Range||7,368.2056 - 7,431.8257|
|52 Week Range||6,081.9600 - 7,637.2700|
This week’s economic calendar can best be defined as manufacturing-centric. Away from the FOMC minutes, scheduled for release on Wednesday afternoon, and Chair Jerome Powell’s scheduled talk on Friday morning, investors will be keeping a close eye on a sector of the economy that many had given up on — at least until November 2016. Today we got the Chicago Fed National Manufacturing Index, which surprised to the upside with a big revision to the prior month.
The Dow Jones Industrial Average surged nearly 300 points Monday to its highest level in more than two months as concerns about a possible trade war between the U.S. and China temporarily eased. Trade tensions receded as Treasury Secretary Steven Mnuchin said the U.S. will suspend its efforts to apply tariffs to $150 billion in Chinese imports. “I’m very skeptical that we’re anywhere near a resolution on China,” said Peter Cecchini, chief market strategist at Cantor Fitzgerald.
Asian markets were subdued in early Tuesday trade. U.S. stocks closed higher, with the Dow Jones industrial average closing above the 25,000 mark for the first time since mid-March. Asian markets were subdued early on Tuesday despite gains seen on Wall Street on the back of an apparent cooling in recent U.S.-China trade tensions.
The Dow Jones Industrial Average jumped nearly 300 points today. If the Dow Jones Industrial Average's slump from its January high was about the potential for a trade war, then one of the biggest impediments to further gains appears to have been removed today. In tweets and other reports, the White House appeared to suggest that it would hold off on placing tariffs on China in favor of negotiations.
Chip-maker stocks traded higher Monday after Micron Technology Inc. raised its outlook for the quarter and broader markets rose on an apparent easing in trade tensions with China.
U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin's comments over the weekend that the two countries had put the prospect of a trade war "on hold" and agreed to hold more talks to boost U.S. exports to China boosted stocks at the opening, with the Dow Jones Industrial Average (.DJI) leading the charge higher. Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats, and China on Monday praised a significant dialing back of tensions.
U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin's comments over the weekend that the two countries had put the prospect of a trade war "on hold" and agreed to hold more talks to boost U.S. exports to China boosted stocks at the opening, with the Dow Jones Industrial Average leading the charge higher.
Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world's two biggest economies might be headed for a trade war.
Deere was one among a bunch of stocks in the transport, construction and machinery industries that helped lead Monday's stock market higher.
President Trump touted a U.S. trade truce with China Monday. Dow stocks Boeing, Caterpillar and 3M, along with NXP Semiconductors, Qualcomm and Deere, should benefit from easing tensions.
U.S. stocks rose on Monday after the United States and China put their trade differences "on hold" to work on a wider agreement, while sentiment was also boosted by deal activity. The Dow Jones ...
U.S. stocks closed solidly higher on Monday, with industrial stocks leading the market higher as concerns over a potential trade war with China showed signs of fading. The Nasdaq Composite Index added 0.5% to 7,394. The Russell 2000 index of small capitalization stocks rose 0.5%, ending at a record for a fourth straight day.
Stocks recovered part of their late-morning slide as the market showed it's paying keen attention to trade talks with China.