US stocks open higher on Trump's remarks

2019-08-19 17:08:02 GMT (Economies.com)
US stocks open higher on Trump's remarks

US stocks opened higher today, after positive comments by President Trump yesterday to ease markets' concerns.

 

Trump stressed that he does not expect any recession any time soon as the US economy is in a good shape, and added that trade talks with China are going very well.

 

The markets see this progress in negotiations between the two countries is the main reason that made the US delay the tariffs decision on Chinese imports until mid-December.

 

The Federal Reserve will release its latest meeting's minutes next Wednesday, which will reveal the bank's members discussions that have resulted in an interest rate cut decision for the first time in more than a decade.

 

By 15:01 GMT, Dow jones rose by 1% or 255 points and reached 26,140 points, Nasdaq rose by 1.4% (110 points) to 8,006, and S&P 500 rose by 1.2% or 34 points to 2,923.

 
 
 
  Symbol Last Change Chg.%
1.1012
-0.0063
0.5698%
1.2414
-0.0069
0.5524%
17.858
0.406
2.329%
61.960
7.066
12.873%
69.02
8.80
14.61%
1499.675
10.695
0.718%
 
 
US
 
Europe
 
Asia