The Dow Jones today is surging ahead of a phase one trade deal signing between the United States and China.
I’ve got more on this below. Also, Russia’s government is resigning en masse…
Before we get into this story and more, here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28,939.67 +32.62 +0.11 S&P 500 3,283.15 -4.98 -0.15 Nasdaq 9,251.33 -22.60 -0.24
Now here’s a closer look at today’s most important market events and stocks. We’ll also discuss the stories that slipped under the radar of the mainstream financial press on Wednesday.
The Top Stock Market Stories for Wednesday This morning, markets are keeping a close eye on any last-minute developments between the United States and China on trade. The two nations are set to sign a phase one accord today in Washington. We haven’t seen the text of the deal just yet, but we do know that it’s a rather thin document. We also know that it will leave tariffs on roughly two-thirds of imports from China. It also could easily fall apart if China doesn’t address currency, IP, and trade balance issues. After the two sides do sign a deal, expect a lot of questions about the timeline for the second phase, which may not come until after the 2020 election.
In breaking news, Russian Prime Minister Dmitry Medvedov has announced that the nation’s government is resigning en masse. Following an annual address to lawmakers by President Vladimir Putin, Medvedov and a number of highly influential people have resigned. It appears, however, that