Stocks rise at market open on renewed trade optimism

Monday, 21 October 2019 21:02 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


U.S. stocks rose at the start of trade Monday after China's top trade negotiator, Vice Premier Liu He said over the weekend that the U.S. and China had made "substantial progress" toward a so-called "phase-one" trade deal that investors hope will remove the threat of higher U.S. tariffs on Chinese imports set to go into effect in December.

The Dow Jones Industrial Average rose 27 points, or 0.1% to roughly 26,799, the S&P 500 index advanced about 14 points, or 0.5% to 3,000 and the Nasdaq Composite index rose 51 points, or 0.6% about 8,140.

Investors were also eyeing developments in the ongoing Brexit saga, after U.K. Prime Minister Boris Johnson was forced to ask the European Union for a three-month extension to the Oct. 31 deadline for leaving the trade bloc.

Third-quarter earnings season continues, with 130 S&P 500 companies set to report this week. About two dozen companies in the index have reported quarterly results so far, with an above-average 83.6% surpassing analysts earnings-per-share forecasts.

Source : MarketWatch


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