Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Wall Street continues to score fersh all-time highs

Economies.com
2019-11-07 14:56PM UTC

US stocks rose in early trading today, amid a recovery in Wall Street that fueled the major stocks indices to new historical highs, amid the positive news about the US-China trade talks.

 

Several news agencies reported the US and China have agreed to gradually eliminate the tariffs imposed on each other's goods, which could pave the way for ending their ongoing trade war.

 

The Chinese Ministry of Commerce stated that signing the first phase trade deal with the US will take place within weeks, and any tariffs cuts will be based on the deal. 

 

The US Labor Department that unemployment claims fell by 8,000 to 211,000 during the last week.

 

As for trading, Dow Jones surged 0.7% ot 201 points to 27,694 as of 14:54 GMT, Nasdaq climped 0.6% or 56 points to 8,466, and S&P 500 rose by 0.5% or 17 points to 3,094.

American Markets News

Americas News

Markets

NASDAQ hits new record high after inflation data
2025-07-15 15:46PM UTC
Most US stock indices rose during Tuesday’s trading following the release of inflation data ...
Americas News

Markets

Wall Street inches up amid Trump's trade threats
2025-07-14 15:39PM UTC
U.S. stock indices rose slightly on Monday after a weak opening, as markets digested ongoing trade ...
Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...