Stocks soar on trade optimism

“Stocks closed sharply higher on Monday, bouncing back from strong losses in the previous session as trade tensions between the U.S. and China appeared to ease,” Fred Imbert and Alexandra Gibbs report for CNBC.

“The Dow Jones industrial average surged 669.40 points to 24,202.60,” Imbert and Gibbs report. “The S&P 500 gained 2.7 percent to close at 2,658.55 — bounce off its 200-day moving average — with technology and financials leading all sectors higher. The Nasdaq composite advanced 3.3 percent to 7,220.54 with Apple and Amazon both rising.”

“The Financial Times reported China has offered to buy more semiconductors from the U.S. to help cut its trade surplus with the U.S. Shares of Qualcomm and Intel rose 4.6 percent and 6.3 percent, respectively, on the news,” Imbert and Gibbs report. “The Wall Street Journal also reported that U.S. and Chinese officials are working to improve U.S. access to China’s markets.”

Read more in the full article here.

MacDailyNews Note: Apple (AAPL) shares closed today up $7.83, or 4.75%, at $172.77.

17 Comments

  1. Trump is leading America back into world prominence and dominance…

    meanwhile, the face of the democrat party is a snot-bubbling juvenile tool and a washed-up porn actress.

    M A G A

  2. Like I said last week: President Trump knows exactly what he’s doing and people who understand President Trump know exactly what he’s doing. It’s only those with raging cases of TDS who have their panties in a perpetual bunch.

    My style of deal-making is quite simple and straightforward. I aim very high, and then I just keep pushing and pushing and pushing to get what I’m after. — Donald J. Trump

    I like thinking big. I always have. To me it’s very simple: if you’re going to be thinking anyway, you might as well think big. Most people think small, because most people are afraid of success, afraid of making decisions, afraid of winning. And that gives people like me a great advantage, — Donald J. Trump

    1. This is how he gets them to work with us. Kissing their butts has never worked and never will. They don’t know what to expect from him and it scares them.

  3. wierd that MDN only posts when the stock market goes up. where were the posts last week when it crashed 1100 points in two days? how much is Putin paying to keep the site on the Kremlin’s payroll?

    1. Because we knew the News Media was crying over nothing.
      This is just one day. Lets wait and see how the market does by end of Wednesday.

      Way too many people forget that we have a business owner in the Whitehouse now, instead of a community organizer.

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