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Wall Street hits records on reports of U.S.-China trade deal

Published 12/12/2019, 04:20 PM
Updated 12/12/2019, 04:20 PM
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.

NEW YORK (Reuters) - Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly two years.

© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.

The Dow Jones Industrial Average (DJI) rose 220.62 points, or 0.79%, to 28,131.92, the S&P 500 (SPX) gained 26.93 points, or 0.86%, to 3,168.56 and the Nasdaq Composite (IXIC) added 63.27 points, or 0.73%, to 8,717.32.

Latest comments

A bunch of whiners here, if u watch closely without bias u could make money in the stock markets. I bet lots of people bet down because “it cant go up forever”. Yes it can. Loosers let their bias Blurs their picks.
But unemployment data is bad and even if there would be a deal US inhabitants are in debt by $70000 each while in EU people can easily save money in the US the debt gets to the level where banks wont give people no further debt because they are so much in debt they won't be able to take on any further debt.And that is when it is really getting bad for US. 2008 was bad but this time where people debt loaded and barley can pay for rent it will be far far more bad then 2008.
So much data that are bad. But noone seems to care. Wait til reality hits their faces.
Once the trade tension is done, which according to reports it may be for some time, reality will hit their faces.
market needed it's weekly fix of hopium.
i don't believe a word. Trump just needs to save face so he can cancel tariffs on Dec 15. that's all that matters to him at this point. he doesn't want to do any harm to economy with all those great Santa & elf jobs they just created BC this country is dependent on the consumer spending what little they get every week or this house of cards will come crashing down, which it will soon enough
As much as I would like to believe a trade deal is near I can't help but think maybe Trump was trying to get a pop in the market before the tariffs go into effect Sunday.
No, he can not afford that. My bet is, at least Trump will partially cancel the new tariff or postpone all of it even if the deal is a lie.
The GOP should be lining up to impeach and remove this monster, who has single-handedly stolen the free market economy from this country and this planet.
impeach for what? how did he steal the market he only brought in job a better economy so that more money can be in the market. wheres the proof big it to the table cause still haven't seen anything you people say he did. if anything the dems stole the market sent it to china destroyed middle america only to care for California who's failing and New York.
We have seen how the market works without him saying anything for like a few weeks and everybody was gaining money from the stocks. The moment he tweets something negative is when it drops then days later he changes up then it goes to the moon.  Just get this deal out the way and roll back all of the tariffs because it is hurting all of the investors. The small investors and the big investors get hurt behind this stuff.
This is another fake news and political trick to boost stocks. Trump says nearly get a deal, but how near is it, a day, a week, a month, a quarter or a year?. When will the signing happen?. He has no specific date and time line at all. Therefore, this is a useless news, just to boost stocks.. . China is playing a time consuming game with Trump and America, to save their stocks and economy as long as possible. They will never sign any deals to ********themself, but they will do more tricks to buy more time.
Trump should be in jail, he manipulates the natket every time he “ calls”
Trump is desperate by jobless claims and make a call offering to cancel new China tariffs and reduce existing levies on Chinese goods by up to 50% on $360 billion worth of imports.
I don't know who believes in this endless headline other than the Algos. But is good to shake the market and let the quant trade, no?
are you sure this guy is not a world market manipulator??  good news before market open and bad news after market closed. no one can really stop him from doing this way??????
Investing.com ... "U.S. stocks opened modestly lower on Thursday," - are they reading the same charts as me???? I could have sworn at proper open (not pre market) it was one of the longest green candles I've seen in ages - then folk remembered that Trump is a consummate BSer and it's reversing nicely again now. Whatever the deal is, I doubt very much it's going to have much real effect on the US economy - apart from a few farmers may not go out of business quite so soon - or more to the point, may not have to beg for quite as much government subsidy - something I'm sure the Yanks accuse the Chinese of the whole time.
same ****** but different day
Same dog’s poor
Trump is not a president but he is a manipulator who changes the market sentiment with his tweets. It is ridiculous for a small investor who has to bear big losses. Must be stopped
Here we go again. But this time it’s fake news for 2 reasons....as usual, to juice the markets, but also to gum up the impeachment news. I think this is on page 128 of “The ***of the Deal.”
Perfect thought. it all about that. Diverge  from the main subject (impeachment), even the small investors lose their  money
It is at least 30% higher due to false information! Monday for sure no news on any deal but market will not retrace..
this not a good sign, Boris Johnson is likely going to lose election today, and Trump don't want S&P 500 to go down with him. Guys be on a look out.
weve been close to a deal for months. Remember when he said we secured phase 1...
And now it is no longer a phase 1 deal, but a big one.I wonder how much money he makes with this market manipulation.
December 7 2018(!) Trump twitted "China talks are going very well!" .. Now here we're today. Quite sickening..
consummate manipulator, a con man, that's what he is.
Trading is easy these days... No need to check with fundamentals and boring *******graphs just follow Trump’s tweeter
We shall wait and see! Been hearing this for the past few months..
fake.
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