Are we going to see +500 on the Dow today?
U.S. stocks rallied at the start of trade Thursday after American and Chinese officials declared a tentative resumption of tariff talks, viewed by Wall Street as a sign of progress in the yearlong trade conflict between the economic superpowers.
The communication between China and the U.S. comes after tariffs were raised by both sides over the weekend and another increase is set to take place in the coming weeks. The tariff dispute between the world’s two largest economies has proved to be a crucial driver for market sentiment because the trade battle has put pressure on the global economies and threatened to throw the U.S. into a recession.
U.S. stocks finished solidly higher Wednesday, with the S&P 500 and the Nasdaq indexes more than wiping out losses from a day ago, as a survey on business conditions in the Federal Reserve’s key districts showed that economic activity in nonfinancial service sectors was steady or improving even while trade-stricken manufacturing and agriculture were weak.
A final estimate of second-quarter productivity growth confirmed a 2.3% rise, after a 3.1% gain in the first quarter. Unit labor costs, however, were revised from a 2.4% gain to a 2.6% gain.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dow Closes Nearly 300 Points Down Amid Weak U.S. Manufacturing Data, TariffsThe U.S. manufacturing sector shrank in August, worrying investors.
Baca lebih lajut »
What to watch today: Dow to rally, US-China trade talks, and the NFL's 100th seasonU.S. stock futures were sharply higher and pointing to a second day of strong gains, after China said that Beijing and Washington agreed to hold trade talks in early October.
Baca lebih lajut »
Dow futures jump more than 300 points as China and US agree to meet for trade talksU.S. futures jumped Wednesday evening on the back of news that the U.S. and China had agreed to meet in early October for another round of negotiations.
Baca lebih lajut »
Ramaphosa says South Africa must stop attacks on foreigners, nearly 300 arrestedSouth African President Cyril Ramaphosa told officials and business leaders on W...
Baca lebih lajut »
Bugatti hits 305 mph, first supercar to break the 300 mph barrierA Bugatti Chiron, adapted for higher speeds and driven by Andy Wallace, hit the top speed on Volkwagen's Ehra-Lessien test track in Germany on Aug. 2. It is the first supercar to break the 300 mph barrier.
Baca lebih lajut »
Dow rises 200 points as Hong Kong tensions ease, China signals stimulusU.S. stocks rebound Wednesday as investors shake off weak data from a day ago and focused on signs of easing tensions in Hong Kong and the retrenchment of a...
Baca lebih lajut »