Stocks – Dow Soars on Easing U.S.-China Tensions

© Reuters.

Investing.com – The Dow soared Friday, led by industrials, on optimism that China and United States would find way to end their bitter trade dispute.

The rose 1.38%. The added 1.32%, while the climbed 1.03%.

China offered to boost annual imports of U.S. goods by a combined value of more than $1 trillion in a bid to cut its surplus with the U.S., Bloomberg reported.

The news stoked investor optimism that China and United States will resolve their differences on trade.

The months-long trade war is on ice until March 1, after which, in the absence of an agreement, the U.S. could raise duties on imports from China to 25% from 10%.

The positive optimism on trade, added strength to industrials, which were rising thanks to gains in trucking company JB Hunt (NASDAQ:).

JB Hunt reported fourth-quarter earnings of 81 cents a share, well below expectations for earnings of $1.50 a share, while revenue of $2.32 billion was modestly above estimates of $2.31 billion. Its shares rose 6%.

Energy names also supported the broader market, gaining more than 1% on the back of a 3.2% surge in U.S. oil prices as a rosier outlook on trade eased concerns about slowing crude demand.

Elsewhere on the earnings front, VF Corporation, owner of brands including Vans and The North Face, delivered above-consensus earnings and guidance, sending its share price more than 12% higher.

That helped ease some of the recent pain in the beaten-down retail sector, which is down 7% over the past year. Macy’s (NYSE:), Nordstrom Inc (NYSE:) and L Brands (NYSE:) ended day higher.

Energy names also supported the broader market, gaining more than 1% on the back of rising oil prices as a rosier outlook on trade eased concerns about slowing crude demand.

In tech, meanwhile, Netflix

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Dow logs 300-point gain as stocks string together four-day winning streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500 SPX, +1.32% rose 1.3% to end around 2,671. The Dow Jones Industrial Average DJIA, +1.38% picked up 342 points, or around 1.4%, to end around 24,713, based on preliminary numbers. The Nasdaq Composite COMP, +1.03% rose 1% to around 7,157. For the week, the Dow was up 3%, the S&P was up 2.9% and the Nasdaq was up 2.7%. Investors pinned hopes on progress in U.S.-China trade talks after a report from Bloomberg News said that Chinese officials would increase imports from the U.S. to close their bilateral trade deficit to zero by 2024. As for corporate news, shares of Netflix Inc. NFLX, -3.99% fell around 4% after revenue growth fell short of expectations.

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Dow ends up over 300 points as stocks notch fourth straight day of gains

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500 SPX, +1.32% rose 1.3% to end around 2,671. The Dow Jones Industrial Average DJIA, +1.38% picked up 342 points, or around 1.4%, to end around 24,713, based on preliminary numbers. The Nasdaq Composite COMP, +1.03% rose 1% to around 7,157. For the week, the Dow was up 3%, the S&P was up 2.9% and the Nasdaq was up 2.7%. Investors pinned hopes on progress in U.S.-China trade talks after a report from Bloomberg News said that Chinese officials would increase imports from the U.S. to close their bilateral trade deficit to zero by 2024. As for corporate news, shares of Netflix Inc. NFLX, -3.99% fell around 4% after revenue growth fell short of expectations.

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Dow Gains 300+ Points; Treasury Yields Rise

Despite a volatile end to 2018, investors have been piling into U.S. equities in January as the Dow Jones Industrial Average gained over 300 points on Friday while Treasury yields rose across the board.

The benchmark 10-year yield ticked higher to 2.782, while the 30-year yield rose to 3.095. Meanwhile, short-term yields like the five-year went up to 2.615 and the two-year yield rose to 2.606.

As bond prices dipped on rising yields, the S&P 500 gained 1.18 percent and the Nasdaq Composite rose 1.08 percent on news that U.S.-China trade negotiations are making progress.

China purportedly offered to fix the trade imbalance with the United States by increasing purchases of U.S. goods, according to a Bloomberg News report. Per the report, China offered to increase its annual import of U.S. goods by over $1 trillion.

“That’s the key factor,” said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. “If we don’t get that issue resolved, the market going to hit upside headwinds no matter what happens.”

“If we get that issue out of the way, which will boost business and consumer confidence, there is still plenty of room for the market to do really well,” added Frederick.

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Did You Ever See A Dow Jones?

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

The day after Christmas, the Dow Jone posted the largest 1 day rally in history, gaining nearly 1200 points. From the low posted that historic day to the high carved out today, thus far, the market has rallied more than 3000 points. And as I type furiously away, the Dow is on the plus by 164 points and off to its best start to any year since 1987.

However, it was in October of 87 that the Dow experienced its most severe decline from a percentage standpoint in history. And below is a chapter from my book, Back To The Futures entitled, Did You Ever See A Dow Jones? That I penned in August 87. I wrote the column tongue-in-cheek. Hope you enjoy it.

——————————————————————————————————

The Dow Jones has done it again! A record setting high was hit last week when the Dow soared to the 2700 level. The Dow has increased more than 40 percent for the year, and the year still has four more months to go.


The bulls are ecstatic because they are making money hand over fist. Investors and traders that have limited their investments to the Blue Chip stocks are really raking it in.


The futures market for stocks has also been participating in this money making orgy. In the space of thirteen trading days in August, the S&P 500 futures contract rallied over $12,000 per contract, and since January 1, $46,000 a contract.


How high can the Dow go? That is what most people want to know. Think about this. In 1968, the US and Japanese stock markets were roughly trading at the same level. Since then, the Dow has managed to rally to 2700. The Nikkei Index,

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Stocks Extending Advance On Positive Reports On Trade – U.S. Commentary

Stocks have moved notably higher in morning trading on Friday, extending the upward trend seen over the past several sessions. With the continued advance, the major averages have reached their best intraday levels in over a month.

Currently, the major averages are hovering firmly in positive territory. The Dow is up 175.52 points or 0.7 percent at 24,545.62, the Nasdaq is up 51.30 points or 0.7 percent at 7,135.76 and the S&P 500 is up 21.40 points or 0.8 percent at 2,657.36.

The continued strength on Wall Street comes as traders continue to express optimism about trade talks between the U.S. and China.

Adding to the positive sentiment, a report from Bloomberg News said China has offered to go on a six-year buying spree to ramp up imports from the U.S.

An official familiar with the negotiations told Bloomberg that China would seek to reduce its trade surplus with the U.S. by increasing annual goods imports by a combined value of more than $1 trillion.

The Bloomberg report comes on the heels of yesterday’s Wall Street Journal report indicating the U.S. is considering lifting tariffs on Chinese goods.

The Wall Street Journal report on Thursday said the U.S. is weighing easing tariffs in an effort to calm markets and give China an incentive to make deeper concessions.

People close to internal deliberations told the Journal that Treasury Secretary Steven Mnuchin proposed the idea of lifting some or all tariffs in a series of strategy meetings.

The people said the aim of easing the tariffs is to advance trade talks and win China’s support for longer-term reforms.

The positive news on trade has overshadowed a report from the University of Michigan showing a substantial deterioration in U.S. consumer sentiment in the month of January.

The preliminary report said the consumer sentiment

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Stocks Seeing Further Upside Amid Optimism About Trade – U.S. Commentary

After moving notably higher early in the session, stocks have seen further upside over the course of the trading day on Friday. With the upward move, the major averages are adding to the gains posted in the previous sessions.

In recent trading, the major averages have reached new highs for the session. The Dow is up 331.51 points or 1.4 percent at 24,701.61, the Nasdaq is up 90.79 points or 1.3 percent at 7,175.25 and the S&P 500 is up 36.23 points or 1.4 percent at 2,672.19.

The continued strength on Wall Street comes as traders continue to express optimism about trade talks between the U.S. and China.

Adding to the positive sentiment, a report from Bloomberg News said China has offered to go on a six-year buying spree to ramp up imports from the U.S.

An official familiar with the negotiations told Bloomberg that China would seek to reduce its trade surplus with the U.S. by increasing annual goods imports by a combined value of more than $1 trillion.

The Bloomberg report comes on the heels of yesterday’s Wall Street Journal report indicating the U.S. is considering lifting tariffs on Chinese goods.

The Wall Street Journal report on Thursday said the U.S. is weighing easing tariffs in an effort to calm markets and give China an incentive to make deeper concessions.

People close to internal deliberations told the Journal that Treasury Secretary Steven Mnuchin proposed the idea of lifting some or all tariffs in a series of strategy meetings.

The people said the aim of easing the tariffs is to advance trade talks and win China’s support for longer-term reforms.

The positive news on trade has overshadowed a report from the University of Michigan showing a substantial deterioration in U.S. consumer sentiment in the month of January.

The preliminary

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Wall Street rally builds on trade optimism

© Reuters. Traders work on the floor of the NYSE in New York

By Medha Singh

(Reuters) – Technology and industrial stocks powered Wall Street’s rise on Friday, setting the three main indexes on track for their fourth week of gains, amid growing optimism that the United States and China would resolve their bitter trade dispute.

U.S. stocks steadily extended gains after a Bloomberg report said China had offered to go on a six-year buying spree to ramp up U.S. imports in order to reconfigure the relation between the two countries.

This follows another report on Thursday that said U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports. A Treasury spokesman denied Mnuchin had made any such recommendation.

Trade-sensitive industrials stocks () rose 2.26 percent, the most among S&P sectors, while the Philadelphia SE semiconductor index () climbed 2.87 percent. A 1.68 percent rise in technology sector () was the biggest boost to S&P 500.

All of the 11 major S&P indexes and the 30 Dow members were higher.

“There seems to be more goodwill on both sides now. If there is any hint of concessions on tariffs or progress in talks, those gestures alone will send the stock market sky-rocketing,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

Schlumberger (N:) jumped 7.87 percent after the world’s largest oilfield services provider’s quarterly revenue beat estimates.

The energy sector (), which is the best performing S&P sector so far in 2019, rose 1.66 percent, also boosted by higher oil prices. [O/R]

At 12:27 a.m. EDT the Dow Jones Industrial Average () was up 365.86 points, or 1.50 percent, at 24,735.96, the S&P 500 () was up 39.16 points, or 1.49 percent, at 2,675.12 and the Nasdaq Composite () was

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Dow industrials up 350 points as Friday gains widen

The Dow Jones Industrial Average DJIA, +1.46% shot up 329 points, or 1.4%, in midday trade Friday, will all 30 components contributing to gains. The blue-chip barometer, on track for the highest close since in six weeks, has now run up 13% since it closed at a 14-month low on Dec. 24. Of the biggest gainers, shares of Home Depot Inc. HD, +2.78% rallied 2.9%, Caterpillar Inc. CAT, +2.60% climbed 2.8% and DowDuPont Inc. DWDP, +2.31% tacked on 2.3%. The most-active Dow component was Apple Inc.’s stock AAPL, +1.04% which rose 0.8%.

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All 30 Dow stocks gain ground, led by Home Depot and Caterpillar

The Dow Jones Industrial Average DJIA, +1.45% shot up 329 points, or 1.4%, in midday trade Friday, will all 30 components contributing to gains. The blue-chip barometer, on track for the highest close since in six weeks, has now run up 13% since it closed at a 14-month low on Dec. 24. Of the biggest gainers, shares of Home Depot Inc. HD, +2.78% rallied 2.9%, Caterpillar Inc. CAT, +2.62% climbed 2.8% and DowDuPont Inc. DWDP, +2.30% tacked on 2.3%. The most-active Dow component was Apple Inc.’s stock AAPL, +1.04% which rose 0.8%.

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