US stocks edge higher after huge swings in recent trading

NEW YORK – U.S. stocks are edging higher in early trading on Wall Street Monday after enormous swings the previous two days.

Representatives from the U.S. and China began a round of trade negotiations, and investors’ hopes that the two sides will finally make progress in talks have sent stocks higher recently. But investors remain fearful that the trade dispute is far from a resolution.

Retailers made some of the largest gains Monday while utility companies fell. U.S. stocks soared more than 3 per cent Friday as investors reacted to the upcoming trade talks as well report showing strong hiring by U.S. employers in December.

Investors also responded positively to comments from Federal Reserve Chairman Jerome Powell. The jump wiped out a large loss from the day before.

Get the full story.
No credit card required. Cancel anytime.

Join free for 30 days

After that, pay as little as $0.99 per month for the best local news coverage in Manitoba.

Already a subscriber?

Log in

Already a subscriber?

Log in

Subscribers Log in below to continue reading,
not a subscriber? Create an account to start a 30 day free trial.

Log in Create your account

Your free trial has come to an end.

We hope you have enjoyed your trial! To continue reading, we recommend our Read Now Pay Later membership. Simply add a form of payment and pay only 27¢ per article.

For unlimited access to the best local, national, and international news and much more, try an All Access Digital subscription:

Thank you for supporting the journalism that our community needs!

Your free trial has come to an end.

We hope you have enjoyed your trial! To continue reading, we recommend our Read

Read More Here...

Bookmark the permalink.