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Home / Business / Stock futures point higher amid reports of impending the US-China trade deal

Stock futures point higher amid reports of impending the US-China trade deal



U.S. stocks rose on the heels of reports of an impending trade deal between the U.S. and China

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & amp; P 500 ( ^ GSPC ) rose 0.34%, or 9.17 points, as if 9:50 am ET The Dow ( ^ DJI ) rose 0.1

9%, or 49 points, while the Nasdaq ( ^ IXIC ) advanced 0.54%, or 41.31 points. " data response time = "16"> The S&P 500 (^ GSPC) rose 0.34%, or 9.17 points, as or 9:50 a.m. ET. The Dow (^ DJI) rose 0.19%, or 49 points, while the Nasdaq (^ IXIC) advanced 0.54%, or 41.31 points.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb ( 0) – sm Mt (0.8em) – sm "type =" text "content =" The US and China are reportedly & nbsp; nearing a trade deal that would involve Beijing lowering tariffs on American farm , chemical, auto and other products and bumping up purchases of American goods. As part of the deal, the US would lift many or all tariffs on Chinese products. unnamed individuals with the matter. " data response time = "17"> The U.S. and China are reportedly nearing a trade deal that would involve Beijing lowering tariffs on American farm, chemical, automobile and other products and bumping up purchases of American goods. As part of the deal, the U.S. would lift many or all tariffs on Chinese products. Such an agreement could come as soon as the end of March, according to reports citing unnamed individuals with the matter.

"The carrot of a trade deal is being dangled in front of investors once again," Chris Beauchamp, chief market analyst at IG Group, wrote in an email. "Hope that Trump and Xi will sit down later in the month to hammer out a resolution have buoyed equities, but given the outcome of last week's US-NK chit-chat perhaps a more sanguine approach would make sense."

Last week , President Donald Trump walked out during his second summit with North Korean leader Kim Jong Un after the two came to an agreement that would satisfy Washington's demands for North Korea to give up most of its nuclear weapons program.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm mt (0.8em) – sm" type = "text" content = "China therefore intends to cut the value-added tax rate covering its manufacturing sector by 3 percentage points, according to & nbsp; Bloomberg report & nbsp; citing a person familiar with the matter. The VAT reduction, which may be announced as soon as this week, could provide a boost to the decelerating Chinese economy of 600 billion yuan ($ 90 billion), or 0.6% of GDP, according to Morgan Stanley e stimates. " data response time = "20"> China therefore intends to cut the value-added tax rate covering its manufacturing sector by 3 percentage points, according to Bloomberg report citing a person familiar with the matter. The VAT reduction, which may be announced as soon as this week, could provide a boost to the decelerating Chinese economy of 600 billion yuan ($ 90 billion), or 0.6% of GDP, according to Morgan Stanley estimates.

STOCKS

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Tesla ( TSLA ) will unveil its model Y vehicle on March 14 at LA Design Studio CEO Elon Musk said in a series of Twitter posts on Monday. Musk has been hinting at the release of the SUV electric vehicle since 2015, and said in a letter to shareholders & nbsp; in January that high-volume production of the Model Y would begin by the end of 2020. The Model Y reveal comes shortly after the electric car maker's decision to shift worldwide sales online and close stores to lower its vehicle prices . " data response = "22"> Tesla (TSLA TSLA ) will unveil its model Y vehicle on March 14 at LA Design Studio CEO Elon Musk said in a series of Twitter posts on Monday. Musk has been hinting at the release of the SUV electric vehicle since 2015, and said in a letter to shareholders in January that high-volume production of the Model Y would begin by the end of 2020. The Model Y reveal comes shortly after the electric car maker's decision to shift worldwide sales online and close to lower its vehicle prices

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – -sm "type =" text "content =" Children's Place ( PLCE ) reported fiscal fourth-quarter results that fell short of consensus expectations as the liquidation of children's apparel competitor Gymboree "created Unprecedented near-term visibility challenges. ”Children's Place announced it will pay $ 76 million to acquire the rights to Gymboree and Crazy 8 brands following Gymboree's January filing for Chapter 11 bankruptcy protection. sales of $ 53 Consensus estimates of $ 553.2 million were below 0.6 million. In the first quarter, the company compared sales of between 10% to negative 12%. For fiscal 2019, the company does not see sales in the range of $ 1.89 billion to $ 1.92 billion. "Data response =" 23 "> Children's Place ( PLCE ) reported fiscal fourth-quarter results that fall short of consensus expectations as the liquidation of children's apparel competitor Gymboree “created unprecedented near-term visibility challenges.” Children's Place announced it will spend $ 76 million to acquire the rights to Gymboree and Crazy 8 brands following Gymboree's January filing for Chapter 11 bankruptcy protection Fourth-quarterly comparable sales for Children's Place declined 0.6%, and not sales of $ 530.6 million below consensus estimates of $ 553.2 million. For fiscal 2019, the company does not see sales in the range of $ 1.89 billion to $ 1.92 billion.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) –sm type = "text "content =" Newmont Mining ( NEM ) rejected Barrick Gold's ( GOLD ) $ 17.8 billion hostile bid, saying that the transaction is not in the best interest of shareholders. Newmont wrote in a statement Monday that its previously announced combination with Goldcorp “represents a superior value creation opportunity to generate long-term value through unmatched portfolio of world class operations, projects, exploration opportunities, reserves and talent.” Barrick launched a hostile bid for Newmont last week with a discount price of about 8% discount to each Newmont share. Barrick had the potential cost savings through a joint venture in Nevada, where both have major gold reserves. "Data response =" 24 "> Newmont Mining ( NEM ) rejected ] Barrick Gold's ( GOLD ) $ 17.8 billion hostile bid, saying that the transaction is not in the best interest of shareholders. Newmont wrote in a statement Monday that its previously announced combination with Goldcorp "represents a superior value creation opportunity to generate long-term value through an unmatched portfolio of world class operations, projects, exploration opportunities, reserves and talent. Barrick had a discount on a joint venture in Nevada, where both had major gold reserves.

<p class = "canvas-atom canvas-text Mb ( 1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Emily McCormick is a reporter for Yahoo Finance. Follow on Twitter: @emily_mcck "data-response =" 26 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit . . data-response = "27"> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit .

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Beer sales and money could be part of the problem " data response = "30"> Beer sales and pot could be part of the problem

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