قالب وردپرس درنا توس
Home / Business / Signs of progress in trade negotiations are sticking up Wall Street by Reuters

Signs of progress in trade negotiations are sticking up Wall Street by Reuters



© Reuters. Traders working on the NYSE floor in New York

By Shreyashi Sanyal

(Reuters) – On Friday, US stocks rose signs of progress in the ongoing US-China trade negotiations, but a fall in Kraft Heinz shares ( NASDAQ 🙂 hit the consumer staple sector.

Top dealers from the two countries talked about the details of a set of deals to end their trade war, just a week before a Washington-imposed deadline for an agreement expires and trigger higher US tariffs.

President Donald Trump and Chinese Vice President Liu He will attend the Oval Office later in the day.

The benchmark's S & P 500 Index's latest cash outflow was halted Thursday afterwards A series of gloomy economic data, including a surprise, falls into new orders for major US-made capital goods. However, the index is still at more than two months high.

"The market has shifted from financial concerns met yesterday to the possibility of a breakthrough in trade negotiations," said Peter Cardillo, market economist at Spartan Capital Securities in New York.

"We are restoring from yesterday's sales and the main focus is trading."

Kraft Heinz Co tumbled 26.9 percent, weighing the most on, along with a 1

.9 percent fall in the B shares of the company's controlling stake, Berkshire Hathaway Inc . (NYSE 🙂

The packaged food company posted a quarterly loss, revealed a SEC probe, and wrote down the value of its iconic Kraft and Oscar Mayer brands.

The S&P consumer magazine fluctuated 0.49 percent, mostly among 11 major sectors, followed by a 0.29 percent decline in finance.

Kraft Heinz rivals General Mills (NYSE :), Conagra Brands and Kellogg Co fell between 3.7 percent and 4 percent.

At 10:00 ET was up 109.21 points or 0.42 percent, at 25.959.84. The S&P 500 was up 10.25 points, or 0.37 percent, at 2,785.13 and it was 36.32 points, or 0.49 percent, to 7,496.02.

The business sector increased 0.15 percent, with bellwether Boeing (NYSE 🙂 Co up 0.8 percent.

Oil stocks rose 0.55 percent when crude prices rose to 2019 highs hoping Washington and Beijing could soon end their trade conflict. [O/R]

Philadelphia Semiconductor Index got 0.67 percent, led by Intel (NASDAQ 🙂 Corps 2.2 percent increase after Morgan Stanley (NYSE 🙂 lifted his rating to "obese".

The technology sector gained 0.97 percent, the promise of chipmakers and technology heavyweights Apple Inc. (NASDAQ 🙂 and Microsoft Corp. (NASDAQ :).

Newmont Mining Corp. (NYSE 🙂 rose 3.1 percent after Canada's Barrick Gold Corp. confirmed it was considering a company bid for the company. Accelerated problems exceeded decliners with a 3.38 to -1 ratio on NYSE and with a 1.94 to 1 ratio on Nasdaq.

The S&P index recorded 42 new 52-week highs and two new downs, while Nasdaq recorded 64 new heights and 14 new downs. 19659031]! the function (f, b, e, v, n, t, r)
{If (f.fbq) return; n = f.fbq = function ()
{N.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)};
if (! f._fbq) f._fbq = n; n.push = n; n.loaded = 0; n.version = & # 39; 2.0 & # 39 ;;
n.queue = []; t = b.createElement (e); t.async = 0 !;
t.src = v; s = b.getElementsByTagName (e) [0];
s.parentNode.insertBefore (t, s)} (window, document, & # 39; script & # 39 ;,
& # 39; https: //connect.facebook.net/en_US/fbevents.js');
fbq (& # 39; init & # 39 ;, & # 39; 751110881643258 & # 39;);
fbq (& # 39; track & # 39 ;, & # 39; PageView & # 39;);

Source link