DJIA27891.66
LIVE9.94(0.04%)
NDX8400.41
LIVE46.12(0.55%)

Dow jumps 350 points after China hints it won’t retaliate for now in trade war


Thursday, 29 August 2019 23:30 WIB

DOW JONES Standard & Poor's 500Saham AS


c_740_198_16777215_00_images_assets_USMARKET_FUTURESTIK.jpg

Stocks jumped on Thursday after China said it wished to resolve its protracted trade dispute with the world’s largest economy with a “calm ” 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.

Source: CNBC


RELATED NEWS

  • U.S. stocks traded virtually unchanged to slightly lower on Wednesday as investors turned their attention to a Federal Reserve policy update later in the session that will offer insights on the path o...

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.