Monday, May 16, 2022
UniqPaid - online rewards program
HomeFinanceNasdaq, S&P hit fresh highs on trade deal hopes, Amazon boost

Nasdaq, S&P hit fresh highs on trade deal hopes, Amazon boost




Reuters: Traders returned from the Christmas break to Beijing’s reaffirmation that it was in close contact with Washington about the initial trade agreement, which is widely expected to be signed in early January.

President Donald Trump on Tuesday confirmed the pact would be formalized at a signing ceremony, but did not disclose a date or location.

Hopes of a breakthrough in the prolonged trade war, combined with a loose monetary policy and robust domestic data, have powered U.S. stocks to record highs in the past few weeks.

The S&P 500, which has touched all-time intraday highs in two out of three sessions this week alone, is about one percentage point short of its best year since 1997.
The Nasdaq was on track for an 11 session winning streak.

Festive Wall St. set to stay near record levels on trade deal hopes

(Reuters) – U.S. stock indexes were set to open near record highs on Thursday and the S&P 500 was on course for its best year since 2013 on optimism over an imminent U.S.-China trade deal.

*Muvison may earn an Affiliate Commission if you purchase something through recommended links in this site. Thank you for your support.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to the Latest News


Recent posts

%d bloggers like this: