The Dow Jones Industrial Average jumped 158 points in pre-market hours as investors prepared for the G-20 conference in Buenos Aires, Argentina. The U.S. dollar hit an 18-month high Wednesday morning as investors hope that U.S. President Donald Trump and Chinese President Xi Jinping will work to resolve the nations’ ongoing trade dispute.
Global markets have speculated that Trump will not hold off on raising tariffs on Chinese goods from 10% to 25% while the nations negotiate. However, Trump’s economic adviser, Larry Kudlow, proposed that the two nations may reach a deal as China and U.S. leaders prepare for the start of the summit.
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Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24,748.73 108.49 0.44% S&P 500 2,682.17 8.72 0.33% Nasdaq 7,082.70 0.85 0.01%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
Money Morning Insight of the Day: This Company Could Be Holding the Biggest Tech Breakthrough of the DECADE
Global Market Insights sees this market worth over $80 billion by 2024.
Technology giants like Apple and Microsoft are making huge multimillion-dollar investments in this space.
Defense contractors and the U.S. military are using this market’s technology to give soldiers a competitive “advantage at sea, land, and air.”
And one company is at the center of it all. See it here…
The Top Stock Market Stories for Wednesday According to a report