Dow Jones closes above 29,000 for first time after signing trade deal

Economies.com
2020-01-15 22:12PM UTC

The US stock indices closed higher om Wednesday, mostly at record highs, amid the widespread optimism following the signing of the Phase-One trade deal between the US and China.

 

US President Donald Trump and Chinese Vice Premier Liu He signed the phase one of the trade deal between the two countries.

 

According to this initial trade deal, China pledged to purchase $200 billion worth of US goods and services over two years.

 

The US revealed today that the producer price index rose by 0.1% in December, lower than forecasts of 0.2%.

 

To the oil market, West Texas Intermediate (WTI) fell by 0.7% to close at $57.81, with a day high of $58.3 and a low of $57.3.

 

Brent lost 0.8% to $64.0 a barrel, and hit a high of $64.6 and low of $63.5.

 

As for stocks, Dow Jones rose 0.3% or 90 points to close at 29,030, and hit an intraday high 29,127 and a low 28,897.

 

Nasdaq added 0.1% or 7 points to 9,258 points, with a high of 9,298 and a low of 9,231 points.

 

S&P 500 rose by 0.2% or 6 points to 3,289 with a high of 3,298 and a low of 3,280.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...