(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Major U.S. stock indexes rose Wednesday after President Trump tweeted that Chinese officials were coming to make a deal, injecting some optimism into a market on edge over resurgent trade fears.
Stocks including technology companies and industrial manufacturers gained momentum throughout the trading session to pull all three major indexes higher. The gains have so far stopped a harsh two-day stretch of declines after President Trump’s threat Sunday to slap higher tariffs on billions of dollars of Chinese imports.
The Dow Jones Industrial Average was recently up 2 points, or 0.1%, to 25967, while the S&P 500 lost 0.16% after both recovered from an earlier loss. The Nasdaq Composite declined 0.26%.
The newfound optimism followed the president’s tweet Wednesday morning saying China had “just informed us” that they are “now coming to the U.S. to make a deal,” a comment that appeared to shore up markets. Before the tweet, stock futures, which don’t necessarily reflect moves after the opening bell, had suggested the Dow and S&P 500 were on pace for declines.
Although China said a day earlier that it would send its top trade envoy, Vice Premier Liu He, to Washington to resume negotiations, investors took President Trump’s latest tweet as a sign the two sides could still reach a truce.
Among individual stocks, shares of Lyft fell 7.3% after the company late Tuesday reported a $1.1 billion loss on strong revenue growth.
TripAdvisor shares, meanwhile, fell 12% after the company missed analysts’ forecasts. They are pacing for their biggest pullback in more than a year.
In Asia, the Shanghai Stock Exchange dropped 1.1%, Hong Kong’s Hang Seng Index was also down 1.2% and Korea’s Kospi dropped 0.4%. The moves echoed sharp losses in U.S. markets Tuesday.
Meanwhile, in Europe, the Stoxx Europe 600 rose 0.2% in recent trading, also recouping from earlier decline to snap a two-day losing streak.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-08/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-on-track-for-longest-losing-skid-in-2-months-amid-us-china-trade-tensions-2019-05-08/printWSJ:
https://www.wsj.com/articles/stocks-continue-to-fall-as-uncertainty-over-trade-talks-persists-11557301708Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-07/asia-stocks-face-losses-as-tariff-worries-linger-markets-wrap?srnd=premiumIBD:
https://www.investors.com/news/economy/china-trade-deal-trump-2020-re-election-dow-jones-wavers/CNBC:
https://www.cnbc.com/2019/05/08/stock-market-us-china-trade-deal-standoff.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-st-struggles-for-direction-as-crucial-trade-talks-loom-idUKKCN1SE1CSU.K:
https://uk.reuters.com/article/uk-britain-stocks/hopes-of-trade-dispute-resolution-underpin-ftse-100-idUKKCN1SE0RCEurope:
https://www.reuters.com/article/us-europe-stocks/europe-shares-buoyed-by-improved-u-s-china-trade-hopes-idUSKCN1SE0TQAsia:
https://www.marketwatch.com/story/asian-markets-fall-after-wall-street-tumbles-on-trade-war-fears-2019-05-07/printBonds:
https://www.cnbc.com/2019/05/08/us-bonds-investors-monitor-us-china-trade-standoff.htmlCurrencies:
https://www.cnbc.com/2019/05/08/forex-markets-us-china-trade-japanese-yen-in-focus.htmlOil:
https://www.cnbc.com/2019/05/08/oil-markets-us-sanctions-on-iran-and-venezuela-in-focus.htmlGold
https://www.cnbc.com/2019/05/08/gold-markets-china-us-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 
