S&P 500, Dow open at record highs on trade deal optimism

08 Novembre, 2019, 13:04 | Auteur: Auguste Feret
  • Trade hopes push US stock indexes toward more record highs

Stocks rose broadly in early trading on Wall Street Thursday, pushing major indexes toward another set of records, after China said it agreed with the USA on a gradual pullback on tariffs if talks progress. Bond yields and prices move opposite to one another.

The S&P 500 opened higher by 10.24 points, or 0.33%, at 3,087.02.

Chipmaker Qualcomm soared 8% after reporting earnings that easily beat analysts' forecasts.

The gains came after China said it had agreed with the U.S.to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war.

Six of the 11 primary S&P 500 sectors traded higher around the closing bell, with the energy sector up 1.43 percent, leading the winners.

The Dow Jones Industrial Average rose 97.60 points, or 0.36 per cent, at the open to 27,590.16. JPMorgan Chase climbed 1.2%.

The yield on 10-year Treasurys rose to 1.95% from 1.814% Wednesday as investors sold USA government debt, seen as a haven asset.

The Nasdaq is up 48.12 points, or 0.6%.

New NTSB report in fatal crash involving self-driving car
As NTSB's Vehicle Automation Report reads, "The system design did not include consideration for jaywalking pedestrians". The self-driving vehicle reportedly failed to calculate that it could collide with her until 1.2 seconds before impact.

China calls Hong Kong protesters 'mobsters' after stabbing
Police also denied claims that officers pushed the victim down and had delayed emergency services. The Hong Kong Hospital Authority confirmed that Chow had died at 8:09 a.m. local time on Friday.

‘Monday Night Football’ black cat still on the loose at MetLife Stadium
During the game's second quarter, the cat wandered onto the field before sprinting through the Giants' end zone. It eventually exited the field in the corner of the end zone and into the tunnel but has yet to be found.

The Russell 2000 index of small company stocks was outpacing the broader market in the early going with a gain of 1.1%.

Volume on US exchanges was 7.92 billion shares, compared with the 6.83 billion-share average for the full session over the last 20 trading days.

USA stocks closed higher on Thursday, as Wall Street remained optimistic for a potential approach to ease lingering U.S. Wall Street has been anxious that tariffs will crimp corporate and economic growth. The United States and China agreed to a preliminary deal in mid-October.

The rally also lifted the Dow and Nasdaq over the last two weeks to multiple records.

EARNINGS SCORECARD: It's a busy day for corporate earnings as the latest round of results nears the finish line. More than 85% of companies within the S&P 500 have reported so far.

Also on Thursday, Ralph Lauren Corp surged 14.7% after it topped second-quarter profit expectations, helped by a tighter control on expenses and strong demand for its Polo shirts and tweed jackets in China and Europe.

On the down side, Expedia Group Inc plunged 27.4% as the online travel booking company missed quarterly profit estimates.

Conseillé:



Populaire

Didier Deschamps rappelle Nabil Fekir et Benjamin Mendy — Equipe de France
Ex gardien des Sang et Or désormais prêté par le Paris-Saint-Germain au Real Madrid, Alphonse Areola est également présent. Derrière l'habituelle doublure Lucas Digne, Benjamin Mendy a été préféré à son homonyme Ferland.

Xi meeting to sign trade deal could be delayed until December
The Chinese Commerce Ministry said the two sides would decide how much tariffs would be rolled back in first phase. Chinese imports of USA goods fell 14.3% from a year earlier to $9.4 billion, customs data showed Friday.

Holocaust survivor gets police guard in Italy after 'aggressive' death threats
Most were social media attacks and verbal insults, with just two acts of minor violence registered this year. The politics of hate will not stop your commitment, nor ours", tweeted Agriculture Minister Teresa Bellanova.

30 ans de prison pour l'ex milicien congolais Bosco Ntaganda — CPI
Les juges de la CPI ont entendu séparément des victimes et des témoins en septembre afin de déterminer la peine d'emprisonnement. Le temps que Ntaganda, détenu à La Haye depuis 2013, a déjà passé en détention sera déduit de sa peine, a précisé la Cour.

L'Otan est en état de "mort cérébrale", estime Emmanuel Macron
Le Président estime qu'il n'y a "aucune coordination" entre ses membres et s'interroge sur son avenir. L'Europe ne peut pas être la seule zone à ne pas le faire", martèle-t-il.

USD/INR renews three-week tops at 71.30 after Moody’s cuts India’s outlook
The ratings agency does not expect the credit crunch among non-bank financial institutions to be resolved quickly, it added. It opened lower by 34 paise at 71.30 per dollar versus previous close 70.96.

Nouvelle journée émaillée d'incidents, six blessés dans une violente bagarre — Hong Kong
Dans un enregistrement audio qui a fuité en septembre, Mme Lam avait confié qu'elle démissionnerait si elle en avait le " choix ". Selon Willy Lam, un expert en politique chinoise basé à Hongkong, Pékin montre qu'il la soutient "pour le moment ".

Italie - Naples confiné cette semaine, Carlo Ancelotti subit
Une colère qui pourrait également relancer la rumeur d'une arrivée du joueur au PSG dans les prochains jours. Carlo Ancelotti n'approuve pas la décision présidentielle: "Je suis en désaccord avec le club".

Geodrill says two employees killed in Burkina Faso attack
The company blamed "armed bandits" for last year's attacks, and subsequently reinforced its armed escorts. The incident took place between Fada and Boungou in East Region of Burkina Faso on Wednesday.

Jeff Sessions Expected To Announce Run For His Old Senate Seat
Sessions referenced his departure from Trump's administration in a campaign announcement video published Thursday night. Jones defeated Moore in 2017, becoming the first Democrat to win election to the Senate from Alabama in 25 years.