Dow Posts 370-Point Gain on Deal to Avoid Shutdown; Trade Optimism
Wednesday, 13 February 2019 04:16 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

U.S. stocks ended sharply higher on Tuesday after lawmakers reached a tentative deal to avoid another government shutdown before the end of the week.

The S&P 500 rose 1.3% to 2,745. The Dow Jones Industrial Average picked up 373 points, or 1.5%, to end around 25,426, based on preliminary numbers. The Nasdaq Composite rose 1.5% to finish near 7,415.

Lawmakers in Congress agreed to a border-security deal that would see less money for a Southern border wall, but falling short of President Donald Trump's demands for $5.7 billion in funds.

Trump said he was not "thrilled" with the deal, but didn't say if he would sign it. Trade negotiations were also making headway in Beijing, with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer set to visit China on Thursday for high-level talks.

Shares of Molson Coors Brewing Co. tumbled more than 9% after the beer maker missed revenue expectations.

Source : Market Watch

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