US stocks close higher as trade tensions ease

2019-06-10 21:28:40 GMT (Economies.com)
US stocks close higher as trade tensions ease

US stocks rose during today amid global market hopes following the announcement of an agreement between the United States and Mexico.

 

Wall Street received support from the technology sector rise after the administration of US President Donald Trump announced an agreement with Mexico.

 

Accordingly, Trump canceled the decision to impose tariffs on its imports from Mexico which would have came into effect starting from today.

 

However, Trump has threatened China with more tariffs if Chinese President Xi Jinping does not attend the G20 summit and work to resolve trade disputes.

 

In the oil market, West Texas dropped 1.4% to close at $53.26 per barrel, recording a high of $54.8 and a low of $53.05.

 

Brent fell 1.6% to close at $62.29 a barrel, with a high of $64.1 and a low of $62.05.

 

At the close of the trading session,  Dow Jones Industrial Average rose 0.3% (equivalent to 78 points) to 26,062 points, with the highest level at 26,210 points and the lowest level at 26,054 points.

 

NASDAQ rose 1% (81 points) to 7,823 points, and recorded a high of 7,895 points and a low of 7,795 points.

 

Standard & Poor's rose 0.5% (13 points) to 2,886 points, reaching a high of 2,904 points and a low of 2,885 points.

 
 
 
  Symbol Last Change Chg.%
1.1215
-0.0003
0.0281%
1.2630
0.0047
0.3743%
14.973
0.105
0.706%
53.610
1.101
2.096%
61.95
-0.16
0.26%
1345.865
4.585
0.342%
 
 
US
 
Europe
 
Asia