U.S. Stocks Extend Gains (Market Trading)
October 10, 2019•147 words
*Markets are receiving trade talks well
Wall Street closed in the green on Thursday, as trade negotiations between the US and China are resuming for the first time since July. In a tweet, President Trump called it a “big day” and announces he would meet with Chinese Vice Premier Liu He at the White House on Friday. Meanwhile, Bloomberg News reported the US is considering suspending a tariff increase in exchange for a currency pact and the NYT reported intentions to allow the sale of some supplies to Huawei. Aside from trade talks, Netflix shares rallied nearly 5% on Thursday after Goldman Sachs reiterated its Buy rating on the stock, saying the company has a successful track record of dealing with competition. The Dow Jones climbed 151 points or 0.6%. The S&P 500 jumped 19 points or 0.6%. The Nasdaq gained 47 points or 0.6%.