U.S. stocks rose Wednesday morning as investors took cheer from a report that Beijing and Washington are still working toward a phase one trade deal, offsetting fears of a delay sparked a day earlier by President Donald Trump’s remarks.
What’s driving the market? U.S. stock index benchmarks recovered some of the week’s lost ground after Bloomberg News, citing sources familiar, reported that despite signs of fresh tensions, Beijing and Washington were making progress toward a phase one trade deal. The comments also helped to provide a lift to European equities also.
A reading on the service sector of the U.S. economy was mixed: the Institute for Supply Management’s non-manufacturing index was at 53.9, lower than in October, but new orders were at 57.1, up from 55.6 and signalling stronger demand ahead. A similar survey from IHS Markit for the service sector showed an improvement in November though with its index rising to 51.6 in November from 50.6 in October.
G-111 Apparel Group Ltd. GIII, -10.96% shares fell in premarket hours after the owner of fashion brands like Calvin Klein missed sales expectations and lowered its guidance. The company said tariffs were biting into its business. Shares were flat at the open.
Where is all this optimism coming from? We are entering year number 2 of this trade war, what do they know that I’m clearly missing?
It truly feels like we’re watch our country turn into a banana republic.
How is this the analysis of the market every day? The Dow is up about 3k points based on this optimism for a trade talk.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures sink 200 points after Trump says China deal may be best after 2020 electionStock-index futures point to a lower start for Wall Street on Tuesday, after President Donald Trump said he found appealing the idea of holding off on a... None of this matters. Ride the volatility rollercoaster.
Source: MarketWatch - 🏆 3. / 97 Read more »
Plex Launches Free, Ad-Supported Streaming Service In 200 CountriesThe streaming field, already bursting with hundreds of competing services, has added one more: Plex. Following through on an announcement from last summer about a pact with Warner Bros., Plex offic…
Source: DEADLINE - 🏆 109. / 63 Read more »
Iran says it shot 'rioters' after rights group claims 200 killed in protestsMore than 200 people are believed to have been killed in Iran in the last month during protests over a hike in government-set gasoline prices and a crackdown that followed, according to a report published by human rights group Amnesty International. Time to investigate Obama and the skids of cash sent to prop up this regime. Cash that he wasn't authorized to send. Trump needs to be called out for allowing his DOJ to ignore. From Continue/ Former President Lee Myung Bak and NIS of South korea made 'white list' and 'Black list' in entertainment for cover the they crime and power and money, Like kill and destroyed Prophet Yi Jung-Yon and his family and For every story where you show bad and death, show a good positive story to balance it out. Stop contributing to the national PTSD.
Source: MSNBC - 🏆 469. / 51 Read more »
Dow futures sink 200 points after Trump says China deal may be best after 2020 electionStock-index futures point to a lower start for Wall Street on Tuesday, after President Donald Trump said he found appealing the idea of holding off on a... None of this matters. Ride the volatility rollercoaster.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. Stocks Slide After Trump Signals Further Delays to China DealMajor U.S. stock indexes slid, with the Dow industrials down more than 300 points, after Trump spurred worries an end to the trade war may be further delayed. He plays the market. Manipulation. Does China make a ton of cheese or something? What's with the photo?
Source: WSJ - 🏆 98. / 63 Read more »