US stocks close higher on Trump's upbeat remarks

2019-05-14 21:45:45 GMT (Economies.com)
US stocks close higher on Trump's upbeat remarks

US stocks rose today, supported by positive comments from President Donald Trump, in conjunction with positive performance from the energy sector as oil prices rebounded.

 

Trump said that the chances of reaching a trade agreement with China are still present, noting that the elimination of tariffs would depend on the outcome of future negotiations.

 

Wall Street recovered some of the sharp losses it posted yesterday when China announced its plans to increase tariffs up to 25% on $60 billion worth of U.S. goods starting in June.

 

In terms of trading in the oil market, West Texas rose by 1.2% and closed at $61.78 per barrel, with a high of $62.1 and a low of $60.6.

 

Brent rose 1.4% to $71.24 a barrel, the highest at $71.6 and the lowest at $69.9.

 

At the end of trading, Dow Jones Industrial Average rose 0.8% (207 points) to 25532 points, and hit a high of 25688 points and a low of 25,384.

 

Nasdaq rose 1.1% (87 points) to 7,734 points, with a high of 7776 points and a low of 7665 points.

 

Standard & Poor's rose 0.8% (22 points) to 2,834 points, the highest level at 2,852 points and the lowest level at 2920 points.

 
 
 
  Symbol Last Change Chg.%
1.1230
-0.0043
0.3792%
1.2462
-0.0113
0.9014%
16.080
0.862
5.664%
56.901
-3.432
5.688%
63.73
0.07
0.11%
1421.075
5.580
0.394%
 
 
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Europe
 
Asia