Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

U.S. stock futures jump after Trump-Xi trade armistice

Stock Markets Dec 02, 2018 06:56PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City
 
US500
-0.12%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ESZ2
-0.15%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
1YMZ2
+0.09%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NQZ2
-0.44%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
IXIC
-0.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

NEW YORK (Reuters) - U.S. stock index futures jumped on Sunday, suggesting Wall Street was set rise further after its biggest weekly gain last week in nearly seven years as China and the United States agreed to shelve any new tariffs and reset discussions.

S&P 500 e-mini futures (ESc1) were up 1.6 percent on high contract volume after trading resumed for the week at 6 p.m. (2300 GMT). Dow Jones Industrial Average e-mini futures (1YMc1) rose 1.8 percent, while Nasdaq 100 e-mini futures (NQc1) jumped nearly 2 percent.

After getting clobbered for much of the past two months, U.S. stocks rallied last week on optimism that a detente could be reached between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, over trade between the world's top two economies.

The outcome of the meeting between the two leaders in Buenos Aires on the sidelines of the G20 summit over the weekend appeared to set the stage for further gains. The two agreed to de-escalate tensions over trade that have dogged U.S. and global markets off and on throughout the year.

A U.S. pledge not to boost tariffs on $200 billion of Chinese goods could mark the most important deal in years between the two countries.

For the full week ended Friday, the S&P 500 Index (SPX) gained nearly 5 percent and the Nasdaq Composite Index <.IXIC,> loaded with tech companies that had been buffeted by costs associated with tariffs imposed by Trump on Chinese imports, gained more than 5.6 percent.

U.S. stock futures jump after Trump-Xi trade armistice
 

Related Articles

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 (2)
Holly Sorensen
Holly Sorensen Dec 02, 2018 8:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
trump needs the market at new highs before January. this is so transparent what he does!
Kody Kni
Kody Kni Dec 02, 2018 7:17PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Fantastic!!! = )
 
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