Stock market set to jump at open on 90-day U.S.-China trade detente

“U.S. stock index futures jumped around 2 percent on Monday, setting Wall Street up to add to last week’s strong gains, after the United States and China declared a temporary trade truce,” Shreyashi Sanyal reports for Reuters. “Strong gains in Apple Inc and other technology stocks pushed Nasdaq futures up more than 2 percent, while S&P 500 e-minis touched a near 1-month high. Gains in Dow futures set the blue-chip index up for a near 450-point gain at the open.”

“Washington and Beijing agreed to a 90-day trade ceasefire during the G20 summit in Argentina on Saturday and U.S. President Donald Trump said China has agreed to ‘reduce and remove’ tariffs below the 40 percent level that the country is currently charging on U.S.-made vehicles,” Sanyal reports. “However, the White House also said that the existing 10 percent tariffs on $200 billion worth of Chinese goods would be lifted to 25 percent if no deal was reached within 90 days.”

“The trade optimism spilt over to shares of Apple, which gained 3.3 percent in premarket trading,” Sanyal reports. “Trump had said last week that the next round of tariffs could also be placed on the company’s iPhones, as part of the $267 billion list of goods not yet hit by tariffs.”

Read more in the full article here.

MacDailyNews Take: Hopefully, the U.S.-China trade negotiations are fruitful!

I’m cognizant that in both the U.S. and China, there have been cases where everyone hasn’t benefited, where the benefit hasn’t been balanced. My belief is that one plus one equals three. The pie gets larger, working together. — Apple CEO Tim Cook, March 24, 2018

9 Comments

  1. A trade detente, well that’s good news. It’s great when people can get together and work out their differences to the mutual benefit of all involved.

    It would be especially nice to see that here at MDN, you know, so that people could discuss ideas, instead of having to endure a barrage of personal insults, defamatory remarks and ad hominem attacks.

    It’s funny that MDN has the time to remove my registration feature, that MDN has time to remove my on topic posts but MDN doesn’t have the time to reply to my inquiries about it in a professional and courteous manner like so many other companies around the world do every day.

    I guess I should be thankful there is not a tariff on my vowels.

    Up that stock market is going to do good. Apple’s new highs will be just around the corner, especially if detente is maintained.

    Who knows there might even be a peaceful resolution at the end. After all communication does lead to elucidation.

  2. But the cynics told me Apple’s stock was down because Apple was horrible and doing bad things and it wasn’t just market forces bringing all tech stocks down. It was Apple’s fault whine whine cry cry.

  3. Apple is woefully under performing the market today.

    The NASDAQ is up 1.5% while Apple is up 1.8%. Considering the absolute b!tchslapping AAPL has taken the past FOUR weeks, it should be rallying much higher.

    AAPL opened up +3.5% and the market promptly took advantage of that and sold hard. Over 10 million shares traded in the first hour, driving the price down hard.

    Why? Bag holders wanted OUT.

    No one has faith in Pipeline. Why should they?

    NVIDA +5.5%

    AMD +10%

    AMZN +5%

    Those companies are sustaining their rally, while Apple’s fades early.

    There’s a reason for this.

    It’s Pipeline.

    Pipeline inspires no one.

    Pipeline can’t even manage the status quo.

    Pipeline has nothing to offer in terms of innovatoin.

    Nothing.

    He’ rather work the spreadsheet and find ways to over charge loyal Apple customers.

    There’s ram to solder to the board.

    There’s HDD’s to solder in.

    There’s a new dongle to sell.

    There’s once cutting edge, industry defining software to cancel like Aperture.

    There’s hardware to ignore and let languish.

    That’s innovation with Pipeline.

    That’s the legacy of Pipeline.

    Apple has become lazy, complacent, and uninspiring.

    That is the legacy of Pipeline.

    1. Skibble! Is that you???? It has to be. C’mon, fess up.
      The message is always the same. Bitch, bitch, bitch about Cook. Puleeeez, give us something useful rather than the same old, same old.

  4. I’ve mentioned this numerous times before.. but for clarity sake..
    Im not at all a patrisan person.. or indoctrinated in any shape or form.. i just say it as i see it.

    Now all the libs can curse as much as they like ..
    Or line me up for my execution.

    But hats of to Trump!
    One gutsy president who knows how to get things done.
    (Forget if he likes to show off or not talk in the pseudo elitist manner)
    He has got brass. He confronts critical issues and does not kick the can down the road…

    Now.. lineup and load up …

  5. Stock market is change in every moment so they can use some of the other moment that they can It would be especially nice to see that here at MDN, you know, so that people could discuss ideas, instead of having to endure a barrage of personal insults, defamatory remarks and ad hominem attacks. and we can use some extra other stuff. Now we can change it in every moment.

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