|
US stocks open higher as focus turns to the trade deal
US stocks kicked off the week higher, lifted by widespread optimism ahead of the signing of the phase-one trade deal between the US and China.
President Donald Trump stated that signing of the phase-one trade agreement with China will take place on January 15, and negotiations for the phase-two will start immediately.
Trump added that he expected the delay of signing of the phase-two until after the next presidential elections in November.
Whilst, the US Chamber of Commerce sees that signing the phase-one deal does not mean ending the trade dispute between the US and China, but it is a step on the right path.
As for stocks, Dow Jones rose by 0.1% or 22 points to 28,845 as of 15:11 GMT, Nasdaq added 0.4% or 35 points to 9,214, and S&P 500 rose by 0.3% or 10 points to 3,275.
American Markets News
Markets
Wall Street dips and marks weekly losses amid Middle East disruption
Wall Street ended Friday’s session with sharp losses, as the S&P 500 closed at its lowest ...
Markets
Wall Street ends lower on expectations of no Fed rate cut before 2027
US stocks closed lower on Thursday, weighed down by declines in shares of companies such as Micron ...
Markets
Wall Street ends sharply lower as the Fed holds rates amid war, inflation concerns
Wall Street closed sharply lower on Wednesday after the US Federal Reserve kept interest rates ...