The Dow Jones today will keep on winning as the United States and China near a trade deal.
Asian stocks hit a six-month high this week, as new details emerged on the negotiation process.
More on how this will impact the DJIA today below, and why billionaire Carl Icahn sold his stake in Lyft.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,218.13 +39.00 +0.15% S&P 500 2,873.40 +6.16 +0.21% Nasdaq 7,895.55 +46.86 +0.60%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Thursday Today, investors will continue to watch developments on the trade front between the United States and China. U.S. President Donald Trump plans to meet with Chinese Vice Premier Liu He later today. According to reports, China has conceded to the U.S. position on technology transfers and the theft of intellectual property. The current parameters of the deal would require China to meet obligations on commodity purchases until 2025. It will allow U.S. companies to own enterprises in the world’s second-largest economy, according to Bloomberg.
The Trump administration is back under pressure with Democrats in the House. According to reports, House Democrats have asked the IRS to give them six years of the president’s personal tax returns and corporate returns. Massachusetts Rep. Richard Neal, the head of the leader of the House Ways and Means Committee, has made the first request for tax returns of a sitting U.S. president in 45 years. The IRS has reportedly not replied to Neal’s demand, which has a set deadline of April 10. The request is likely set to unleash a legal battle between Democrats and the White House through