US EditionWall St opens at record highs on US-China trade hopes
- Following last week's S&P 500 surge and record high Friday, Wall Street rallied, lifting major indexes and extending momentum.
- Trade truce expectations buoyed chip exporters Nvidia and Advanced Micro Devices, both up more than 2%, and lifted agricultural name Deere, while MP Materials fell on export-curb hopes.
- Analysts raised price targets across tech and defense, led by Broadcom to $475 from $415 on Google TPU and JPMorgan lifting Alphabet to $300 from $260, while UBS raised Arm to $200 from $175 ahead of Nov. 5 earnings.
- Quantum stock IONQ and nuclear company Oklo rose as the rally broadened, defense sector strength emerged, and analysts said stocks can go meaningfully higher.
- In the week ahead, many earnings include much of the "Magnificent Seven", TJX reports Nov. 19 with Wells Fargo raising its target to $140, while Solstice Advanced Materials spins Thursday and Honeywell plans separation next year.
64 Articles
64 Articles
US stocks reach new highs due to China trade-deal optimism
Wall Street's main indexes notched record highs on Monday as expectations of a US-China trade deal fuelled risk-taking at the start of a week that will be dominated by Big Tech earnings and a likely Federal Reserve interest rate cut.
The optimism stemming from a possible trade agreement between the United States and China boosted the demand for risk assets, which led Wall Street's main stock indexes to expand its permanence at historical peak levels.Under this context, Nasdaq increased 1.86 percent, by 23 thousand 637.46 integers, followed the S&P 500 with 1.23 percent more, by 6 thousand 875.16 points, and the Industrial Average Dow Jones rose 0.71 percent, to 47 thousand 5…
The U.S. stock market reached new historic records this Monday, driven by strong signs that the long-awaited meeting between President Trump and Chinese leader Xi Jinping, at the end of this week, could seal a significant trade deal. The S&P 500 (^GSPC) was the protagonist, jumping more than 1.2% to close for the first time above 6,800 points. The Nasdaq Composite (^IXIC) technological led the profits with a 1.9% advance and also recorded a new …
Stocks Climb on Hopes US-China Talks Will Go Well: Markets Wrap
(Bloomberg) — Wall Street’s hopes the US and China are nearing a trade deal lifted the riskier corners of the market, with stocks hitting all-time highs amid a rally in the crypto world. As demand for safety waned, gold fell alongside short-term bonds.
You Vote: With the stock market hitting record highs Monday, what are you expecting for the economy?
The stock market on Monday closed at record highs, one day after the Trump administration announced that the United States and China have agreed to a "substantial framework" in trade talks.
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