Dow jumps 170 points midday on report that the U.S. is proposing fresh trade talks with China
Wednesday, 12 September 2018 23:30 WIB |
MARKET UPDATE |DOW JONES Standard & Poor's 500Saham AS
The Dow Jones Industrial Average popped decidedly higher Wednesday midday following a report from the Wall Street Journal indicating that the U.S. is reaching out to China for a new round of trade discussions.
The Dow was up 167 points, or 0.7%, at 26,139, retaking a level at 26,000, which is closely watched, and was trading at the highest level of the day. The S&P 500 index climbed 0.2% at 2,895, while the Nasdaq Composite Index held lower, down 0.3%, at 7,952, but was off its worst levels of the session.
The move is an effort to give Beijing another opportunity to address Washington's trade concerns before the Trump administration puts more tariffs on Chinese imports, people briefed on the matter told WSJ on Wednesday.