FYI: The Dow Jones Industrial Average rose Tuesday, extending its recent rally after upbeat earnings sent shares of retail giant Walmart higher and President Trump further toned down trade tensions with China.
Investors got a much-needed dose of optimism from the retail sector after Walmart reported stronger-than-expected sales and profit for the holiday quarter, fueled by strong grocery sales, online orders and holiday purchases. The results helped nudge higher shares of dozens of other consumer-staple companies in the S&P 500.
The broader stock marketed added to those gains in the early afternoon after Mr. Trump boasted to reporters that trade negotiations with China are progressing. The president added that the March 1 deadline for a deal isn’t a “magical” date, meaning additional tariffs on billions of dollars of Chinese imports that are scheduled to go into effect may be pushed off.
“There’s no question the market is anticipating a positive development out of trade negotiations,” said Thomas Wright, director of equities at JMP Securities, adding that more concrete details around the deal’s framework are likely necessary to spur stocks much further.
The Dow industrials added 8points, or 0.3%, to 25891. The S&P 500 rose 0.15%, and the Nasdaq Composite climbed 0.19%.
Ten of the eleven S&P 500 Sectors, led by Materials, were in positive territory. the only lagger was Healthcare.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-waver-as-trade-talks-resume-11550567134Bloomberg:
https://www.bloomberg.com/news/articles/2019-02-18/asian-stocks-set-for-muted-open-dollar-steady-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/nasdaq-today-takes-key-step/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-st-flat-as-walmart-offsets-bank-losses-trade-talks-eyed-idUSKCN1Q81IKCNBC:
https://www.cnbc.com/2019/02/19/stock-market-investors-focus-on-us-china-trade-talks.htmlU.K.:
https://www.marketwatch.com/story/ftse-weighed-down-by-results-from-hsbc-and-bhp-brexit-fears-mount-2019-02-19/printEurope:
https://www.marketwatch.com/story/european-markets-struggle-as-investors-respond-to-hsbc-and-bhp-earnings-2019-02-19/printAsia:
https://www.marketwatch.com/story/asian-shares-rise-as-investors-look-to-trade-talks-in-washington-2019-02-19/printBonds:
https://www.cnbc.com/2019/02/19/bond-market-us-treasury-yields-lower-amid-us-china-trade-talks.htmlCurrencies:
https://www.cnbc.com/2019/02/19/forex-markets-euro-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/02/19/oil-markets-brent-crude-futures-us-china-trade-talks-opec-in-focus.htmlGold
https://www.cnbc.com/2019/02/19/gold-markets-dollar-us-china-trade-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
