Dow Jones rises 1% on Trump's remarks

2019-08-21 18:01:06 GMT (Economies.com)
Dow Jones rises 1% on Trump's remarks

US stocks rose today, amid market's hopes about the trade talks  between the United States and China after President Trump's remarks.

 

Trump said "he is doing great with China and other trade deals," while expressing optimism about reaching good deals with the UK and the EU.

 

Trump threatened the EU yesterday that his administration will impose tariffs on cars from the Union if the US didn't get what it wanted.

 

Trump also renewed his criticism of the Fed Chairman Jerome Powell, by saying that he’s like a golfer who can’t putt, has no touch and demanded a big rate cut.

 

By 15:14 GMT, Dow Jones rose by 1% or 264 points to 26,227, Nasdaq rose by 1% or 77 points to 8026, and S&P 500 rose 0.8% or 24 points to 2,924 points.

 
 
 
  Symbol Last Change Chg.%
1.1013
-0.0062
0.5639%
1.2414
-0.0069
0.5528%
17.854
0.403
2.309%
61.970
7.077
12.891%
69.02
8.80
14.61%
1499.570
10.590
0.711%
 
 
US
 
Europe
 
Asia