Dow jumps 350 points after China hints it wonâ€™t retaliate for now in trade war
Thursday, 29 August 2019 23:30 WIB |
MARKET UPDATE |DOW JONES Standard & Poor's 500Saham AS
Stocks jumped on Thursday after China said it wished to resolve its protracted trade dispute with the world™s largest economy with a œcalm attitude.
The Dow Jones Industrial Average traded 350 points higher, or 1.4%. The S&P 500 gained 1.3% while the Nasdaq Composite advanced 1.5%.
When asked about its ongoing trade war with the U.S., China™s commerce ministry said Thursday that it was opposed to escalating trade tensions, hinting Chinese authorities will not retaliate against the latest round of U.S. tariffs.
Trade bellwethers Boeing and Caterpillar rose at least 0.8% each while Deere traded 2.5% higher. Micron Technology gained 3.7%.
The U.S.-China trade war escalated earlier this month when China unveiled new levies on $75 billion worth of U.S. products. President Donald Trump then announced he would raise tariffs on a slew of Chinese goods starting in September.
Saturday, 18 January 2020 04:19 WIB
U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism.
The Dow Jones Industrial Average rose 50 points, or 0.2%, to about 29,348, the S&P 500 ind...
Saturday, 18 January 2020 04:14 WIB
Hong Kong stocks finished Friday on a positive note, with investors retaining optimism over the outlook following this week's signing of the China-US trade pact that eased tensions between the economic superpowers.
The Hang Seng index added 0.60 percent, or 173.38 points, to close at 29,056.42.
Friday, 17 January 2020 23:56 WIB
European stocks closed higher on Friday after data showed China's economy grew in line with expectations in 2019, lifting global markets.
The pan-European Stoxx 600 closed provisionally up by 0.9%, having notched a fresh record high earlier in the day. Basic resources stocks jumped over 2% to lead ...
Friday, 17 January 2020 23:32 WIB
Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season.
The Dow Jones Industrial Average traded just 2 points higher, or less than 0.1%. The S&P 500 was up 0.1...
Friday, 17 January 2020 21:50 WIB
U.S. stock rose at the start of trade Friday, with the major benchmarks reaching new highs in just the third week of the year, after data on new U.S. home construction showed it surging to 13-year highs in December.
The Dow Jones Industrial Average gained 0.1% at 29,334, the S&P 500 index rose ...