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Economy |
Wall Street indexes skyrocket as Trump strikes trade deal with China: report |
2019-12-13 |
[The Hill] The main indexes on Wall Street hit record highs on Thursday after the United States reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly for almost 18 months. The Dow Jones Industrial Average rose 220.75 points, the S&P 500 26.94 points and Nasdaq Composite 63.27 points, Reuters reports. According to the wire service, each of the indexes hit intraday records and the S&P 500 and Nasdaq posted record highs at the closing bell. Earlier this week, both the Federal Reserve and Europe’s central bank kept interests steady. The S&P's career day pushed its growth for the year up to 26 percent, much of which has come due to interest rate cuts by the Fed. On the day, over and 8 billion shares changed hands on U.S. exchanges, breaking the past 20-day average of 6.7 billion, Reuters says. |
Posted by:Besoeker |
#2 has rattled markets I don't think they're watching the same markets I am. I always remember a phrase from Louis Rukyser on Wall Street Week in Review from the early '80s. "The market did what it does best today, panic." |
Posted by: AlanC 2019-12-13 07:30 |
#1 But, but, I was told by all the experts that Trump vs. China leads to disaster. |
Posted by: g(r)omgoru 2019-12-13 03:21 |