Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Indexes climb on fresh hopes for U.S.-China trade deal

Stock Markets Oct 10, 2019 04:48PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Traders work on the floor at the NYSE in New York
 
US500
-1.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
-1.71%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
-3.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DAL
-1.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IXIC
-1.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SPLRCT
-1.94%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market.

Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to find a way out of a 15-month trade war.

After the bell, the S&P e-minis jumped and were last up about 1%, as U.S. President Donald Trump said the talks with China went "very well today."

He had tweeted earlier that he would meet with China's top negotiator, Vice Premier Liu He at the White House on Friday.

Chinese officials had indicated more willingness to negotiate, according to a Chinese state news agency Xinhua report, while a senior U.S. Chamber of Commerce official said U.S. and Chinese negotiators were working toward an "early harvest" of confidence-building agreements, including one to avoid currency manipulation.

Cyclical groups including energy, financials, industrials and materials were the day's best-performing sectors, while the Dow Jones transportation average (DJT) jumped 1.3%.

"There's still some hope that something happens here," said Bucky Hellwig, senior vice president at BB&T (NYSE:BBT) Wealth Management in Birmingham, Alabama.

"But there seems to be an acceptance that this thing may not be finished."

Apple Inc (O:AAPL) jumped 1.3% after Longbow Research upgraded the company's stock to "buy", citing higher iPhone 11 demand.

The Dow Jones Industrial Average (DJI) rose 150.66 points, or 0.57%, to 26,496.67, the S&P 500 (SPX) gained 18.73 points, or 0.64%, to 2,938.13 and the Nasdaq Composite (IXIC) added 47.04 points, or 0.6%, to 7,950.78.

Stocks have been volatile in recent weeks because of weak economic indicators showing a contraction in U.S. manufacturing and a bleak reading on business activity, bolstering bets of another interest rate cut by the Federal Reserve to combat a slowdown.

Data on Thursday showed U.S. consumer prices were unchanged in September, while underlying inflation retreated.

Among other stocks, Delta Air Lines Inc (N:DAL) fell 1.5% after the carrier forecast disappointing current-quarter profit.

Focus will shift even further to earnings next week when the reporting period begins in earnest. Analysts are forecasting a 3.1% decline in earnings for the third quarter from a year ago, based on IBES data from Refinitiv, and that could mark a recent low point in year-over-year quarterly changes.

Advancing issues outnumbered declining ones on the NYSE by a 1.71-to-1 ratio; on Nasdaq, a 1.27-to-1 ratio favored advancers.

The S&P 500 posted six new 52-week highs and four new lows; the Nasdaq Composite recorded 15 new highs and 128 new lows.

Volume on U.S. exchanges was 6.16 billion shares, compared to the roughly 7 billion average for the full session over the last 20 trading days.

Indexes climb on fresh hopes for U.S.-China trade deal
 

Related Articles

Israel stocks lower at close of trade; TA 35 down 2.12%
Israel stocks lower at close of trade; TA 35 down 2.12% By Investing.com - Oct 02, 2022

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Banking, Financials and Real Estate sectors led shares lower. At the close in Tel Aviv, the TA...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (14)
silver fox
silver fox Oct 10, 2019 3:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Well sure. They are out of pork chop suey
Derek Klardie
Derek Klardie Oct 10, 2019 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They will definitely wait until the market is closed. Then they'll have all weekend to pump , pump, pump for Monday.
Dario Pellegrino
jsstrade Oct 10, 2019 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thinking maybe a spill come nwxt monday?
Oct 10, 2019 2:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
cant wait until tommorow on end of us session with us saying no deal but concessions made for talks in january lmao
Sam Mojtabai
Sam Mojtabai Oct 10, 2019 2:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How it always works
Derek Klardie
Derek Klardie Oct 10, 2019 2:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Word to episode 78.
Oct 10, 2019 1:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
its episode 78 guys
holy piger
holy piger Oct 10, 2019 1:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LOL
Atmosphere Mind
Atmosphere Mind Oct 10, 2019 1:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So, it's a perfect time to sell first then buy back after panic moment, tomorrow? #TrumpTweet #TradeDeal #LiuHe
Chris Sundo
Chris Sundo Oct 10, 2019 1:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"..giving market participants a reason to believe that perhaps.." --- Crowd psych of the talking heads and WS propaganda machine ... "Wer's glaubt wird seelig" say the German natives (ie if you believe it you'll become blessed) :)
Chris Sundo
Chris Sundo Oct 10, 2019 1:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Let's hope for a pop'n drop, tmr at the open
Andrew Gatlin
JustaGuy Oct 10, 2019 1:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Market = Charlie Brown,   Potential Trade Deal = Lucy with a football
Erski Gumby
SB20 Oct 10, 2019 1:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LOL
Anand Krishnan
Anand Krishnan Oct 10, 2019 1:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's all manipulation. Keep an eye on cboe pcall, VIX, and audjpy.
holy piger
holy piger Oct 10, 2019 12:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
trade fear 2days ago, then trade hope yesterday, and vanishing of trade in 6 hours ago then hope now, media
Jacky Lee
Jacky Lee Oct 10, 2019 12:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Media nowadays.. they dont report news, they make news
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email