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Home / Business / Dow jumps 400 points on hope of trading deal, shutdown aversion

Dow jumps 400 points on hope of trading deal, shutdown aversion



Stocks hoped for optimism for a US-China trade deal and a potential deal among US Congress dealers to try to avoid another partial public closure.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) increased 1

.41%, or 38.28 points, from 1:54 pm ET The Dow 1 DJI increased 1.62% or 405.26 points while Nasdaq ( IXIC ) increased 1.47% or 107.42 points, data response time = "16"> S & P 500 (^ GSPC) increased 1.41%, or 38.28 points, from 1:54 pm ET Dow (^ DJI) rose 1.62%, or 405.26 points, while Nasdaq (^ IXIC) rose 1.47%, or 107.42 points.

"Risk is," said Societe Generals Kit Jucked in an email

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Monday, White claimed House advisor Kellyanne Conway on Fox News as President Donald Trump "wants to meet President Xi [Jinping] very soon, adding that Trump" wants a deal. "The statements sent stock futures higher, especially after the shares were weighed in late last week after comments from Trump claimed that a meeting between Xi and he ahead of a deadline for March 1 was " unlikely. "" data-response time = "18"> On Monday, White House adviser Kellyanne Conway claimed on Fox News that President Donald Trump "wants to meet with President Xi [Jinping] very soon, adding that Trump" wants a deal. "The statements sent stock futures higher, especially after the shares had bee n weighed in late last week after comments from Trump, claiming that a meeting between Xi and he before March 1 was" unlikely ".

<p class = "canvas-textile textile Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm" type = "text" content = "Possibly a meeting between Trump and Xi will probably take place after March 1, after which Trump administration could speed up billions of billions Axios reported over the weekend that Presidential advisers considered holding summit between Trump and Xi in Mar-a-Lago, a Trump property in Florida, next month. " data-response time = "19"> Any meeting between Trump and Xi will probably still take place after March 1, after which the Trump administration could increase the rate of billions of dollars worth of the Chinese team lasts. advisers considered holding a summit between Trump and Xi A-Lago, a Trump property in Florida, next month.

Having read the comments Monday, the likelihood of it or a similar meeting between leaders of two of the largest global economies that they are working to strike out a trade deal, seems to have increased.

"Much of the optimism we have seen in global markets overnight and this morning is centering on Chinese optimism that an agreement could be made on time, with negotiations being screened when the week goes," says Joshua Mahony, senior market analyst at IG Group. in an email on Tuesday. "While Trump may not meet his Chinese counterpart by March 1, Thursday's meeting of Chinese Vice President Liu and US Trade Representative Robert Lighthizer and Secretary of State Steven Mnuchin point to the will to come to an agreement."

< p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although Xi and Trump have not yet met again personally since Adopting a ceasefire at the beginning of December at the G20 summit, officials within their respective administrations still have discussions. US and China delegations meet in Beijing this week, according to a White House statement & nbsp; Friday. US Trade Representative Robert Lighthizer and Secretary of State Steven Mnuchin will meet Chinese main dealers on Thursday and Friday. "data-reactid =" 22 "> Although Xi and Trump have not yet met again since agreeing a ceasefire at the beginning of December at the G-20 Summit, officials in their respective administrations still have discussions. and China meet in Beijing this week, according to a White House statement Friday, US trade representative Robert Lighthizer and State Secretary Steven Mnuchin will meet with Chinese main dealers on Thursday and Friday.

Investors have also continued to monitor the development of domestic negotiations among congressional lawmakers to finance the government and avoid a new closure A group of top congressmen said on Monday night that they had basically entered into an agreement to provide funding to the government beyond Friday's midnight deadline.

<p class = "canvas atom canvas text Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm "type =" text "content =" According to reports from & nbsp; more & nbsp; withdrawal & nbsp; Citing unnamed sources, the deal includes some of Trump's requested funds for southern border security, but does not provide the entire $ 5.7 billion sum the president has demanded. However, Trump must still approve an agreement passed by Congress. "data-reactid =" 24 "> According to reports from several outlets referring to non-named sources, the deal contains some of Trump's requested funds for southern border security, but does not provide the entire $ 5.7 billion sum the president has demanded. approve an agreement passed by the congress.

STOCKS: Under Armor beats earnings expectations, adds Molson Coor's light sales on

<p class = "canvas-textile-textile Mb (1.0em) Mb UAA ), expectations in the fourth quarter results, earning an adjusted 9 cents per share against consensus estimates of 4 cents per share. Turnover of around $ 1.39 billion also exceeds the estimates of $ 1.38 billion, according to Bloomberg data. The company also posted its outlook for 2019, and expects a revenue growth of 3% to 4%, an improvement of the gross margin of about 60 to 80 basis points over the full year 2018's 45.1% margin, as well as revenue of 210 million to 230 million. dollars. International sales growth has continued to bend the athletic device maker with fourth quarter US Revenue fell 6% to $ 965 million, while international revenue grew 24% to $ 395 million. " UAA ) outperforms expectations in the fourth quarter. earns an adjusted 9 cents per share against consensus estimates of 4 cents per share, revenue of about $ 1.39 billion also exceeds the estimates of $ 1.38 billion, according to the Bloomberg data, and the company also outlined its outlook for 2019, expects revenue growth of 3% to 4%, a gross margin improvement of around 60 to 80 basis points over the full year 2018's 45.1% margin, as well as revenue of $ 210 million to $ 230 million International sales growth continued to bend athletic maker, while fourth quarter US revenue fell 6% to $ 965 million, while international revenue grew 24% to $ 395 million.

<p class = "canvas-textile textile Mb Molson Coors ( TAP ) missed sales expectations in the fourth quarter last year, sent stocks lower during early trading. The owner of Coors Light and Blue Moon reported revenue of $ 2.42 billion for the quarter, lacking expectations of $ 2.54 billion, according to Bloomberg data. Adjusted earnings for the fourth quarter were 84 per share, or 5 cents ahead of estimates. Net sales of $ 10.77 billion for the full year accounted for a 2.7% fall in fixed exchange rates, partly due to volume decline in the US and Canada, and said the company in a statement. & nbsp; Molson Coors said the worldwide brand volume fell 1.9% to 92.1 million hectoliters rs in 2018. The company also said it was recovering financial reports from 2016 and 2017 due to the tax accounting errors associated with the MillerCoors partnership, adding that The financial consequences of the changes will not be significant. "data-reactid =" 27 "> Molson Coors ( TAP ) missed sales expectations in the fourth quarter, who sent stocks lower during early trading. The owner of Coors Light and Blue Moon reported revenue $ 2.42 billion for the quarter, lacking expectations of $ 2.54 billion, according to Bloomberg data, adjusted fourth-quarter earnings were 84 per share, or 5 cents ahead of estimates, net sales of $ 10.77 billion for the full year The company said in a statement, 2.7% reduction in fixed currency, partly due to US and Canada volume decline, Molson Coors said worldwide brand volume fell 1.9% to 92.1 million hectoliters in 2018. The company also said that it was to convert financial reports from 2016 and 2017 due to tax accounting errors related to the MillerCoors partnership, and added that the financial consequences of the changes will not

ECONOMY: US small business insurance drops

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – US small business optimism dropped in n January to 101.2, the lowest since November 2016, according to a report by Tuesday from the National Federation of Independent Business. & nbsp; "The 35-day partial government's suspension and financial market instability" rattled small business owners, according to the statement, adding that the institution's uncertainty index increased seven points to 86 in January, or the fifth highest reading in the 45-year history of t he investigates. "data-reactid =" 33 "> Optimism among US small businesses declined in n January to 101.2, the lowest since November 2016, according to a report by the National Federation of Independent Business Tuesday. The partial government's suspension and financial market instability rattled small business owners, according to the statement, adding that the institution's uncertainty index increased seven points to 86 in January, or the fifth highest reading in the 45-year survey survey.

<p class = "canvas- atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Job openings in the US increased 2.4% to 7.335 million from the last business day in December, according to ar eport Tuesday from the Department of Labor . This far exceeded consensus estimates of new job openings of 6.846 million, according to Bloomberg data. "data-response time" "34"> Job openings in the US increased 2.4% to 7.335 million from the last business day in December, according to a report by the Department of Labor Tuesday, far exceeding consensus estimates for new job openings of 6.846 million, according to Bloomberg data.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt " data-response time = "36"> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = [19659000]] LinkedIn [19659000] 19659008] and reddit . "data-reactid =" 37 "> Follow Yahoo Finance on [19659026] Twitter Facebook Instagram Flipboard LinkedIn and reddit and reddit .

<p class = "canvas text (0) – sm Mt (0.8em) – sm" type = "text" content = " Read more from Emily: " data-reactid = "38 "> Read more from Emily:

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<p class =" canvas-atom canvas text Mb ( 1.0em) Mb (0) – sm Mt (0.8em) – beer sales are lukewarm and the pot can be part of the problem "data-reaction =" 40 "> Beer sales are lukewarm and the pot can be part of the problem

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " lowest level since Trump's choice "data-response time =" 41 "> Consumer content falls to its lowest level since Trump's choice

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