FYI: U.S. stocks rallied Thursday on hopes that the U.S. will lift tariffs on Chinese imports, a conflict that has rattled financial markets in recent months.
The Dow Jones Industrial Average climbed 162 points, or .67%, to 24370, after falling more than 100 points in early trading. The S&P 500 added .76%. Both indexes closed Wednesday at their highest levels in a month. The Nasdaq Composite rose .71%.
The indexes got a boost after The Wall Street Journal reported U.S. trade officials are debating ratcheting back tariffs on Chinese imports as way to calm markets and to give Beijing an incentive to make deeper concessions in resolving their trade battle.
The news was welcomed by investors, as concerns about global trade and political uncertainties have helped depress sentiment in recent months, given the potential implications for economic growth and corporate supply chains.
All eleven of the S&P 500 Sectors finished in positive territory, led by Industrials, Materails, and Energy.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/market-rebound-stalls-as-trade-earnings-worries-linger-11547715190Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-01-17/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2019-01-16/asia-stocks-set-to-rise-after-profits-buoy-s-p-500-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-sp-retake-key-support/Reuters:
https://www.reuters.com/article/us-usa-stocks/health-defense-stocks-help-wall-street-grind-higher-idUSKCN1PB1JJCNBC:
https://www.cnbc.com/2019/01/17/stock-market-morgan-stanley-and-netflix-earnings-china-and-brexit-in-focus.htmlU.K.:
https://www.marketwatch.com/story/ftse-100-tracks-global-stocks-lower-ab-foods-sage-buck-losses-2019-01-17/printEurope:
https://www.marketwatch.com/story/european-markets-drop-as-socgen-warns-on-q4-revenues-2019-01-17/printAsia:
https://www.marketwatch.com/story/asian-shares-rise-but-report-of-us-probe-into-huawei-mutes-gains-2019-01-16/printBonds:
https://www.cnbc.com/2019/01/17/bond-market-treasury-yields-fall-china-economy-brexit-in-focus.htmlCurrencies:
https://www.cnbc.com/2019/01/17/forex-markets-fed-moves-brexit-in-focus.htmlOil:
https://www.cnbc.com/2019/01/17/oil-markets-us-crude-production-opec-moves-in-focus.htmlGold
https://www.cnbc.com/2019/01/17/gold-markets-fed-rate-hike-brexit-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
