|Day's Range||7,107.19 - 7,187.69|
|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.
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.
Stocks are rising Wednesday as a series of news reports suggest that significant headway is being made on U.S.-China trade negotiations.
NEW YORK (AP) — 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. Health care and industrial companies also jumped, while safer, high-dividend stocks like utilities and household goods makers were little changed.
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.
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.
6:47 a.m. Positive comments from President Donald Trump have the Dow Jones Industrial Average set for a higher open Wednesday. S&P 500 futures have risen 0.7%, while Dow Jones Industrial Average futures have advanced 164 points, or 0.7%. Nasdaq Composite futures have gained 1%.
U.S. stock index futures rose on Wednesday as investors digested news related to the ongoing trade war between the United States and China. At around 8:50 a.m. ET, Dow Jones Industrial Average futures were up 274 points, indicating a gain of 309.76 points. Futures extended gains after The Wall Street Journal reported China is working to increase access to overseas companies as both countries try to resolve their trade dispute.
The gains across Asia followed another volatile trading session on Wall Street amid continued uncertainties surrounding U.S.-China trade relations and the possibility of a government shutdown in Washington. Reports emerged in the U.S. overnight that China was moving to cut import tariffs on cars made in the U.S. from 40 percent to 15 percent — that news boosted auto stocks stateside and in Asia.
CNBC's Jim Cramer gets a historical take on the major averages from technician Rob Moreno, who says the stock market's recent volatility may not be as bad as it seems. Moreno says the averages are in a period of consolidation after a multi-year bull market. The stock market's recent swings might not be as bad as investors think, especially when stacked against their historical performance, technical expert Rob Moreno told CNBC's Jim Cramer on Tuesday.