U.S. stocks closed at session highs Tuesday as a rally in energy, industrials and materials stocks overshadowed a selloff in momentum-driven technology shares, helping the Dow extend its win streak to five sessions and the S&P 500 index avoid consecutive declines after trading in the red for most of the session. Apple Inc. was in the spotlight as it announced new model iPhones and other...
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U.S. markets were sluggish throughout the 1st half of Tuesday’s action before showing some midday strength on news China may offer to buy more U.S. goods in trade talks. According to reports, China is expected to agree to purchase more U.S. agricultural goods in hopes of reaching a better trade agreement as the two sides prepare for a meeting between their top negotiators in October.The choppy...
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U.S. markets opened with slight gains on Monday after Treasury Secretary Steven Mnuchin said he takes it as a sign of good faith by China that officials will restart trade talks in early October and that his objective is getting a good deal for American workers and companies.Mnuchin also reiterated President Trump is willing to continue with tariffs on Chinese goods if there's no deal, while...
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U.S. markets started the shortened holiday week with losses after the latest round of tariffs on Chinese goods went into effect over the weekend. U.S. and Chinese officials offered little details on their tentative face-to-face trade talks due to be held this month after the U.S. spurned a request to delay tariffs.Economic news also weighed on trading along with an inverted yield curve. The major...
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