Articles

do falls and rises in the stock market affect you?

by Steven A. Donaldson Native speaking English teacher

Stocks rose Tuesday afternoon -- the market's third consecutive day of gains -- on optimism that China and the United States are close to settling an economically damaging trade dispute.

U.S. Commerce Secretary Wilbur Ross predicted that Beijing and Washington could reach a trade deal that "we can live with" as officials from the world's two biggest economies resumed talks looking to end their trade dispute.

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All three major equity indexes closed at or near 1 percent higher. The broad-based S&P 500 climbed to a three-week high.

Shares of industrial and transportation companies led key averages higher on hopes for an eventual Sino-American trade deal.

Crude oil prices are up seven days in a row on trade optimism and OPEC production cuts. The commodity jumped 2.41 percent to $49.69 per barrel.

TickerSecurityLastChange%Chg
NUENUCOR CORP55.26+1.84+3.44%
UNPUNION PACIFIC CORPORATION150.75+12.10+8.73%
APTVAPTIV PLC67.01+3.44+5.41%

Steel stocks were big winners, too, as President Trump has begun calling for a steel wall rather than a concrete wall along the southern border.

The president has shifted from calling for a concrete wall to focusing on a “steel barrier.”

TickerSecurityLastChange%Chg
I:DJIDOW JONES AVERAGES23787.45+256.10+1.09%
SP500S&P 5002574.41+24.72+0.97%
I:COMPNASDAQ COMPOSITE INDEX6896.9984+73.53+1.08%

In Asian markets on Tuesday, China’s Shanghai Composite lost 0.3 percent, while  Hong Kong’s Hang Seng index rose 0.2 percent.

Japan’s Nikkei closed up 0.8 percent.

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In European trading, London’s FTSE gained 1 percent, Germany’s DAX rose 1 percent and France’s CAC added 1.5 percent.


About Steven A. Donaldson Tycoon II Premium  Native speaking English teacher

24,762 connections, 279 recommendations, 53,543 honor points.
Joined APSense since, October 1st, 2010, From kiev, Ukraine.

Created on Jan 9th 2019 01:35. Viewed 88 times.

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