Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Trade hopes lift Wall Street

Video Credit: Reuters Studio - Duration: 01:09s - Published < > Embed
Trade hopes lift Wall Street

Trade hopes lift Wall Street

Wall Street was led higher by tariff-sensitive technology and industrial stocks Wednesday after China extended an olive branch ahead of next month's trade negotiations with the United States.

Fred Katayama


Trade hopes lift Wall Street

Stocks rose in a broad-based rally Wednesday.

The Dow rose for a sixth straight session, adding eight tenths percent.

The S&P 500 reclaimed the 3,000 level.

Investors welcomed China's move to ease trade tensions by exempting some U.S. goods from additional tariffs.

Gerber Kawasaki CEO, Ross Gerber: SOUNDBITE: GERBER KAWASAKI CEO, ROSS GERBER (ENGLISH) SAYING: "Really, the trade war resolution just any resolution will drive these marketse at least 10% higher, and so any hint or hope or positive step that's being taken - today, China took a little conciliatory step, and you know, the markets move higher.

The markets are clearly being held back by Trump's policies" Apple shares provided the biggest boost to the indexes one day after unveiling its new streaming video service at a price that undercuts Disney and Netflix.

GameStop's beleaguered shares plummeted further.

Quarterly same store sales plunged as hardware sales dropped.

The video game retailer lowered its same-store sales forecast for the fiscal year.

The stock has shed 60% this year.

Among the biggest losers on the S&P: Wynn Resorts.

The hotel and casino opertor announced a $750 million debt offering.

Recent related news from verified sources

Wall Street dips as tech stocks lag; trade hopes cushion fall

A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data...
Reuters - Published

Trade hopes buoy Wall Street as China extends olive branch

Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after...
Reuters - Published

You Might Like

Recent related videos from verified sources

Dow gains for 8th straight day [Video]Dow gains for 8th straight day

The Dow rose for an 8th straight session Friday, but weakness in Apple and Broadcom dragged the Nasdaq and S&P 500 lower. Fred Katayama recaps the action on Wall Street.

Credit: Reuters Studio     Duration: 01:09Published

Why Cloudflare Terminated Service to 8Chan - CEO Explains [Video]Why Cloudflare Terminated Service to 8Chan - CEO Explains

Cloudflare went public Aug. 13, 2019. The company priced at $15 on Thursday, Aug. 12, just above the range of $12 to $14 that Wall Street had targeted. At its first trade, Cloudflare traded above..

Credit: The Street     Duration: 02:24Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.