FYI: U.S. stocks climbed Monday, following global indexes higher after President Trump said he would delay a planned increase in tariffs on Chinese goods.
The Dow Jones Industrial Average rose 60 points, or 0.23%, to 26091. The S&P 500 added 0..12% and the Nasdaq Composite gained 0..36%.
Worries that the U.S. and China’s trade fight could take its toll on global growth have kept a lid on many investors’ optimism throughout the past year. Mr. Trump’s move to delay tariff increases that were set to take effect at the end of this week helped reassure investors that the two countries are inching closer to a possible agreement.
A flurry of corporate news drove swings among individual stocks Monday. General Electric shares jumped 9.3% after the company said it would sell its biotechnology business to Danaher for $21 billion in cash. Spark Therapeutics soared 120% after pharmaceutical giant Roche agreed to buy the biotechnology company.
Elsewhere, the Stoxx Europe 600 rose 0.3% and the Shanghai Composite ended up 5.6%—notching its biggest one-day advance since July 2015. The smaller Shenzhen Composite also registered its best day since 2015.
Seven of the eleven S&P 500 Sectors, led by Technology, Materials, and Financials finished in positive territory. Utilities, Real Estate, Consumer Discretionay, and Consumer Staples lagged.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/tariff-delay-pushes-global-stocks-higher-11551085133Bloomberg:
https://www.bloomberg.com/news/articles/2019-02-24/asia-stocks-to-gain-yuan-climbs-on-trade-optimism-markets-wrap?srnd=premiumBloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-02-25/your-evening-briefingIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-soaring-shanghai-composite-what-to-do-apple-stock-now/Reuters:
https://www.reuters.com/article/us-usa-stocks/hopes-of-trade-deal-push-wall-street-higher-idUSKCN1QE1KGCNBC:
https://www.cnbc.com/2019/02/25/stock-market-investors-focus-on-us-china-trade-talks.htmlU.K.:
https://www.marketwatch.com/story/ftse-100-held-back-by-rising-pound-as-uks-may-delays-brexit-vote-2019-02-25/printEurope:
https://www.marketwatch.com/story/asian-markets-rise-after-trump-postpones-deadline-for-trade-deal-2019-02-24/printAsia:
https://www.marketwatch.com/story/asian-markets-rise-after-trump-postpones-deadline-for-trade-deal-2019-02-24/printBonds:
https://www.cnbc.com/2019/02/25/bond-markets-treasury-yields-focus-on-us-china-trade-talks.htmlCurrencies:
https://www.cnbc.com/2019/02/25/forex-markets-australian-dollar-us-china-trade-chinese-yuan-in-focus.htmlOil:
https://www.cnbc.com/2019/02/25/oil-falls-after-trump-says-prices-are-too-high-and-tells-opec-the-world-cannot-take-a-price-hike.htmlGold
https://www.cnbc.com/2019/02/25/gold-markets-us-china-trade-dollar-palladium-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
