US stocks rise amid trade talks optimism after Trump's tweet

Economies.com
2019-10-10 14:45PM UTC

US stocks opened higher today, on widespread optimism about the US-China trade talks, to extend gains after President Trump's positive remarks via his Twitter account.

 

A new round of the trade talks started today between officials from the US and China on a minister-level and will continue until Friday.

 

President Trump said in a tweet today that he will meet with the Chinese Vice Premier Liu He tomorrow at the White House, noting that Beijing wants to make a deal.

 

The US Department of Labor showed today that the unemployment claims fell by 10,000 to 210,000 last week, and the consumer price index (CPI) fell more than expected.

 

Dow Jones rose by 0.6% or 160 points to 26,506 points as of 14:43 GMT, Nasdaq rose by 0.6% or 50 points to 7,953 and S&P 500 rose by 0.6% or 18 points to 2,938.

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