The Dow Jones Industrial Average rose just over 25 points in pre-market trading this morning as U.S. trade envoys arrived in Beijing for high-profile talks with the Chinese government. The talks come on the heels of signs that the Chinese economy is straining under pressure from American trade sanctions.
On Friday (Jan. 4), the Chinese central bank announced it would free up roughly $116 billion and cut its reserve ratio by 1% in an effort to spur growth in the Chinese economy. By cutting the reserve ration, that $116 billion in liquidity could double and help the nation reverse its ongoing economic downturn and sluggish GDP growth.
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Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 23,433.16 746.94 3.29% S&P 500 2,531.94 84.05 3.43% Nasdaq 6,738.86 275.35 4.26%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
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The Top Stock Market Stories for Monday The government shutdown continued