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Wall St. rises on hopes for trade talks, Fed rate cuts

Published 06/18/2019, 04:04 PM
Updated 06/18/2019, 04:04 PM
© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York

(Reuters) - U.S. stocks surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the U.S. Federal Reserve will cut interest rates this year.

© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York

The Dow Jones Industrial Average rose 354.74 points, or 1.36%, to 26,467.27, the S&P 500 gained 28.09 points, or 0.97%, to 2,917.76 and the Nasdaq Composite added 108.86 points, or 1.39%, to 7,953.88.

Latest comments

Make America Great Again!
Greedy analyst want all the incentives to give public hope later they will short D market. Logically we can only choose rate or no tariff.......
And it will rain $100 bills because I said it would.
always trade optimism every week with very nice phone call, but so far, Huawei ban, Taiwan weapon sale, sponsoring HK riot. lmao... I am sure the trade talk will go great. buy the dip.
Well it's not quite 10,000, but maybe later today.
China knows they have a lot to do with the outcome of our next election. Maybe not as much as the Russians did in the last one. What do they think.
Can somebody explain how the VIX future is climbing as *****and all others big indicators are in green as well. It is not normal.
VIX measures the implied premium on puts and calls. That almost always will happen in a drop off. But implied vol on options can in fact escalte in a rally. They will usually subside when nothing is happening at all.
Starting to predict political outcomes based on markets. Getting pretty easy now.
i agree, one day i am in bear mode, the next in bull mode. today was bullish, so I might be a bear tomorrow. heck of a lot of money to be made playing both sides lol stability is not in sight
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