The Dow Jones today is moving up after China extended an olive branch to settle the trade dispute between its government and the Trump administration.
Other things to watch for on the DJIA: new earnings reports and anti-trust pressures on Silicon Valley giants. Details further down.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24,819.78 4.74 0.02 S&P 500 2,744.45 -7.61 -0.28 Nasdaq 7,333.02 -120.13 -1.61
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 Tuesday Once again, trade talk is back in the headlines. Investors are optimistic that Congress may have the votes to block U.S. President Donald Trump’s planned tariffs against Mexico over illegal immigration. The potential levy would stifle the U.S. technology sector in addition to trade barriers caused by disputes with China. But there’s a huge catalyst keeping tech stocks alive – see the next technology boom right here.
This morning, China’s Commerce Ministry announced that the ongoing trade dispute between the two largest economies in the world should be resolved with fresh talks. According to a translation of the Commerce Ministry’s statement, China has called for new trade talks, saying they “need to be based on mutual respect, equality, and mutual benefit.” The markets are paying close attention to statements from a key member of the U.S. Federal Reserve. St. Louis Federal Reserve President James Bullard said Monday that a cut to interest rates may be required in the near future. Bullard cited the ongoing tensions between the United States and its trade partners, Mexico and China, for rising risks to the global economy. Markets will continue to follow updates from the central bank