The Dow Jones today is pointed high as markets anticipate a limited trade deal between the United States and China. Tech and banking stocks rallied in pre-market hours as investors poured back into the market with renewed hope. More on this below.
Plus: I have the latest on the General Motors Co. (NYSE: GM) strike. It’s not good.
First, here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,496.67 +150.66 +0.57 S&P 500 2,938.13 +18.73 +0.64 Nasdaq 7,950.78 +47.04 +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 Friday This morning, investors are cheering the probability of a limited trade deal between the United States and China. U.S. President Donald Trump told reporters yesterday that negotiations between the two nations were going “really well.” Trump is set to meet with Chinese Vice Premier Liu He later this afternoon. Trump’s statements came shortly after China announced that financial firms entering the nation no longer require a Chinese investor. Both sides are also expected to avoid raising tariffs on one another in the weeks ahead.
History in the Making: Capitol Hill has opened doors to the pre-IPO market – now, every American has access to the trend that put airplanes in the sky and light bulbs in every home… [Read the full story.]
Oil prices kicked higher again today after an uptick in geopolitical tensions – once again. Iran’s state media announced that one of the nation’s tankers was struck by missiles in the Red Sea. The attacked happened about 60 miles away from Jeddah, Saudi Arabia. WTI