Breaking News
0

Stocks - Wall Street Rises on Trade Hope

Stock MarketsFeb 11, 2019 09:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com - Wall Street opened higher on Monday, boosted by fresh trade talks between the U.S. and China as they try to make a deal before the March 1 deadline.

The S&P 500 rose 8 points, or 0.32%, as of 9:34 AM ET (14:34 GMT), while the Dow gained 67 points, or 0.27%, and the tech-heavy Nasdaq Composite increased 34 points, or 0.47%.

Positive outlooks from Chinese officials were offset by comments last week from U.S. President Donald Trump, who said he does not plan to meet with Chinese President Xi Jinping before the deadline.

High-level talks are expected to take place Thursday and Friday.

Washington and Beijing officials are trying to make a deal ahead of the March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are due to increase from 10% to 25%.

"These trade talks are being viewed as a positive. There is still a lot of uncertainty but there's this pattern of markets embracing good news a little bit more than bad news," said Scott Brown, chief economist at Raymond James.

Tesla (NASDAQ:TSLA) was among the top gainers, rising 2.6% after CNBC reported that analysts at Canaccord Genuity upgraded the stock to buy and hiked its price target to $450 from $330. General Electric (NYSE:GE) gained 1.2%, while Coca-Cola (NYSE:KO) inched up 0.5% and Boeing (NYSE:BA) was up 0.7%.

Meanwhile, Apple (NASDAQ:AAPL) inched down 0.3%, while Activision Blizzard (NASDAQ:ATVI) slumped 2.5% amid reports that the company is planning to lay off hundreds of employees.

In commodities, gold futures fell 0.65% to $1,309.95 a troy ounce while crude oil slumped 2.45% at $51.41 a barrel after an International Monetary Official said Saudi Arabia would need oil at $80-$85 a barrel to balance its budget. The U.S. dollar index, which measures the greenback against a basket of six major currencies, jumped 0.34% to 96.748.

-- Reuters contributed to this report.

Stocks - Wall Street Rises on Trade Hope
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with 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
  • 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.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. 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
Paul Dunne
Paul Dunne Feb 11, 2019 10:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's rising downwards at the moment...
Reply
1 0
 
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
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email