DJIA25962.44
LIVE-173.35(-0.66%)
NDX7664.47
LIVE-54.85(-0.71%)

Stocks close higher for third time in four sessions on growing trade optimism


Thursday, 16 May 2019 03:37 WIB

Indeks NasdaqIndeks Dow JonesSahamASindeksS&P 500


c_740_198_16777215_00_images_assets_USMARKET_0USstock.jpg

U.S. stocks recovered from early morning losses Wednesday after reports that the Trump administration was taking steps to ratchet down trade tensions with the European Union, Canada and Mexico.

The S&P 500 rose 0.6% or around 17 points higher to 2,851, while the Dow Jones Industrial Average added approximately 116 points, or 0.5% to 25,648, while the Nasdaq Composite index rallied 1.1%, or 88 points, to 7,822.

News reports indicated that the Trump Administration was delaying a decision to impose tariffs on auto imports that would have impacted trade partners in the European Union, while Treasury Secretary Steve Mnuchin also said that the administration is working on a plan to remove steel and aluminum tariffs on Canada and Mexico as part of its final push to ratify a new North American trade agreement. Technology shares, which are seen as trade-sensitive, led the market higher, along with shares of U.S. automakers Ford Motor Co. and General Motors Co.

Source : MarketWatch


RELATED NEWS

  • Hong Kong stocks opened lower on Wednesday, extending the previous day's losses and tracking a negative lead from Wall Street as investors await news of developments in the China-US trade spat. The H...
  • Tokyo stocks opened lower on Wednesday following losses on Wall Street amid lingering trade war concerns and falls in Europe on the political crisis engulfing Italy. The benchmark Nikkei 225 index sl...
  • Hong Kong shares ended slightly lower on Tuesday after a four-day rally, with profit-taking offsetting fresh hopes for China-US trade talks. The Hang Seng Index slipped 0.23 per cent, or 60.30 points...
  • Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week. The Dow Jones Industrial Average traded 63 points lower, or 0.2%. The S&P 500 and Nasdaq Composit...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.