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Stocks Bounce Back on Trade Hopes; Pound Surges


Wednesday, 14 November 2018 00:23 WIB

DOW JONESSaham Standard & Poor's 500


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U.S. stocks gained as hopes rose for progress in the American-Chinese trade dispute and technology shares bounced back from Monday’s rout. The pound rallied on reports of advancement toward a Brexit deal.

The S&P 500 Index gained 0.8 percent as of 12:02 p.m. New York time. The S&P 500 rebounded from early selling Tuesday after White House economic adviser Larry Kudlow told CNBC that the U.S. and China are talking on “all levels” of government. That followed an overnight report that China’s Vice Premier Liu He will pave the way for a meeting between the leaders of the two biggest economies later this month. Caterpillar, 3M and megacap technology shares that react to trade headlines paced gains in major equity benchmarks.

Source : Bloomberg


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