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Wall Street rises after the commercially operated selloff by Reuters




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

By Amy Caren Daniel

(Reuters) – US stocks rose for the first time this week Thursday, when President Donald Trump said trade negotiations with China are going well,

An elderly Chinese diplomat said that provocative trade disputes are "naked economic terrorism", although Trump said Beijing wanted to enter into an agreement with Washington.

The growing trade war has weighed heavily on Wall Street and set the main indices on the track for a monthly loss of more than 5% in May. The reference is now 5.7% away from its all-time high of 2954.1[ads1]3 on May 1st.

"People are trying to figure out how much of the bad news is already priced. The trade war looks as if it can curb growth but not enough to throw us into a recession," says Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

"There has been talk of the Fed, possibly cutting prices and that's a bit positive for the stock market. "

Despite a tick in US Treasury dividends on Thursday, they were still on a 20-month decline as investors sought security in government bonds.

The yield curve between three-month bills and 10-year notes also remained the reverse. and money markets were pricing in about two US interest rates at the start of next year. [US/]

The technology sector, among the worst executive S&P sectors in this month, rose 0.60%, giving the largest increase to the markets.

The sector was helped by a jump of 11% in shares in Keysight Technologies after the electronic measurement equipment manufacturer quarterly results peaked estimates and the company announced a $ 500 million share buyback program.

Apple Inc. (NASDAQ :), Microsoft Corp (NASDAQ 🙂 and Intel Corp (NASDAQ 🙂 rose between 0.3% and 1.3% and supported the markets.

At 9:42 ET, it was up 74, 96 points, or 0.30%, of 25 , 201.37, S & P 500 was up 12.02 points, or 0.43%, of 2.795.04 and was up 32.96 points, or 0.44%, of 7.580.27.

Nine of the 11 major S&P sectors traded higher, only with energy and communication services in the red.

Adding to the positive mood, the government confirmed the domestic economic growth accelerated in the first quarter, but there are signs that the temporary increase from exports and stock accumulation is already fading, and factory production slows. [19659004] Among other stocks, Citigroup Inc (NYSE 🙂 rose 1.4% after Goldman Sachs (NYSE 🙂 raised the bank's shares to "buy", as it expects the lender to achieve higher returns on equity in 2020

Discount Dealer Dollar General Corp (NYSE 🙂 jumped 6.2% after the company reported quarterly same store and profit above expectations.

PVH Corp (NYSE 🙂 tumbled 12.1%, mostly among S&P companies, after the Calvin Klein owner cut its annual profit forecast as it interferes with tariffs and slows down retail growth.

Development issues exceeded decliners with a 3.25 to 1 ratio on the NYSE and with a 2.48 to 1 ratio on the Nasdaq.

The S&P index recorded no new 52 week high and six new downs, while the Nasdaq recorded eight new heights and 26 new lows.



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