United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

US stocks move higher following signs of trade progress

SeattlePI.com Monday, 25 November 2019 ()
NEW YORK (AP) — U.S. stocks moved higher in early trading on Monday over renewed optimism for a trade agreement and several blockbuster deals.

China issued new guidelines late Sunday for protecting intellectual property, which has been a key concern for foreign investors and a sticking point in negotiations to end the damaging trade war. President Donald Trump, on Friday, said the “China deal is coming along very well.”

Investors are also starting the week with several big deal announcements. Charles Schwab is buying rival TD Ameritrade for about $26 billion. French luxury group LVMH is paying $16.2 billion for Tiffany.

Technology stocks were the biggest winners in the early going. Nvidia rose 3.4% and Intel gained 1.3%. Many of the companies in the tech sector are sensitive to swings in trade sentiment because they rely on China for sales and supply chains.

Health care companies and a wide range of retailers also made solid gains.

Energy stocks lagged the market, along with more defensive sectors such as real estate and utilities.

The yield on the 10-year Treasury fell to 1.76% from 1.77% late Friday.

The latest signs of progress for trade negotiations open a week that is relatively light on economic and earnings reports. Consumer confidence and new home sales data are expected Tuesday. The Commerce Department will report third-quarter GDP on Wednesday.

The latest round of corporate financial results nears its end this week. Computer and printer maker HP releases its results on Tuesday and Deere reports on Wednesday. More than 95% of the companies in the S&P 500 have already reported, according to FactSet.

U.S. markets will be closed for the Thanksgiving holiday on Thursday.

KEEPING SCORE: The S&P 500 index rose 0.6% as of 10 a.m. Eastern time. The Dow...
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Wall Street inches higher [Video]Wall Street inches higher

Wall Street eked out slight gains Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:02Published

Don't Expect a 2019 Santa Claus Rally -- Did Christmas Come Early For Stocks? [Video]Don't Expect a 2019 Santa Claus Rally -- Did Christmas Come Early For Stocks?

We may not get that Santa Claus rally after all. For clarity, a Santa Claus rally occurs around Christmas time and results from some added cash coming into people's accounts. "A lot of it has to do..

Credit: The Street     Duration: 01:30Published


Recent related news from verified sources

How major US stock indexes fared Wednesday

Stocks closed broadly higher on Wall Street, gaining back some of the ground they lost over the previous three trading days. Health care and financial stocks...
Seattle Times

Stocks up with hopes that US-China trade deal still on track

NEW YORK (AP) — Stocks climbed Wednesday and recouped some of their losses from prior days on hopes that a U.S. trade deal with China may be nearing, despite...
Seattle Times


Tweets about this

rcbookkeeper

Ruth C Greene New post: US stocks move higher following signs of trade progress https://t.co/R2dOA6ZzlO 1 day ago

cdnbiz

Canadian Business US stocks move higher following signs of trade progress - Canadian Business https://t.co/ZelOrC6lwm 2 days ago

DearWall

Dear Wallstreet US stocks move higher following signs of trade progress https://t.co/erL3MfK64n https://t.co/aIBdea97L4 6 days ago

mbohl07

Martin Bohl RT @cdnbiz: US stocks move higher following signs of trade progress - Canadian Business https://t.co/e7rUYIRMD2 1 week ago

cdnbiz

Canadian Business US stocks move higher following signs of trade progress - Canadian Business https://t.co/e7rUYIRMD2 1 week ago

michiganmagazin

Michigan Magazine US stocks move higher following signs of trade progress - https://t.co/3V5qx489w6 #GoogleAlerts 1 week ago

ZaqsTech

ZAQS Tech News Asian shares mixed following Wall Street rally https://t.co/aVtP4A9L7c 1 week ago

KUSINews

KUSI News Stocks moved higher in afternoon trading on Wall Street Monday following renewed optimism for a trade agreement and… https://t.co/bpShasE8uc 1 week ago

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.