NatAlliance global fixed income head Andy Brenner and Harris Financial Group managing partner Jamie Cox on how U.S. stocks surged after Federal Reserve Chairman Jerome Powell signaled that the Fed would be flexible about future monetary policy moves.
Stocks rose Monday amid hopes that this week’s U.S.-China trade talks produce a deal between the world’s two biggest economies. The Dow Jones Industrial Average climbed triple digits in midday trading.
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American officials met their counterparts in Beijing Monday for the first face-to-face talks since President Trump and China’s President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled international markets.
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China and the United States want to work together on trade, the Chinese foreign ministry said on Monday.
General Electric shares rose on word that Apollo Global Management may be preparing a bid of $30 billion, or higher, for GE’s airplane leasing business. Mattel stock climbed after the toy company said Sunday it had a global licensing deal with South Korean boy band BTS.
Dollar Tree shares jumped after activist investor Starboard Value, which is pushing the retailer to sell its Family Dollar business, bought a stake in the company.
PG&E shares were tumbling on worries that it may face so much financial liability for last year’s California fires that it will have to declare bankruptcy.
Stocks came off a strong Friday session. The Dow rose 746 points after Federal Reserve Chair Jerome Powell said the central bank is prepared