The Dow Jones today is ticking higher as investors remain optimistic the United States and China will find a resolution at next month’s meeting.
Meanwhile, I’m watching oil and U.S. bond prices going into the second half of the week. Read on to see how this is moving the Dow Jones Industrial Average.
First, here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,909.43 73.92 0.28 S&P 500 2,979.39 0.96 0.03 Nasdaq 8,084.16 -3.28 -0.04
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 Wednesday The markets have 91.2% priced in an interest rate cut in September. The Federal Reserve is meeting next week to discuss the state of the U.S. economy and monetary policy. U.S. President Donald Trump took to social media to call out Federal Reserve Chair Jerome Powell and urge that the U.S. central bank adopt negative interest rates. Trump argued that negative rates would save the government money on its debt and place it in line with European economies that have adopted said rates. My take: It’s not a good idea to encourage negative interest rates. It’s a bad idea for anyone living on a fixed income, and it is completely uncharted territory for the global markets.
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According to the American Chamber of Commerce, U.S. companies are turning away from China as a hub for manufacturing. American companies, in an effort to avoid tariffs and reduce costs, are turning to countries like Vietnam