Dow Jones Rallies 130 Points After a Boost from US-China Optimism

CCN | 1/19/2019 | Melanie Kramer
darkkazune (Posted by) Level 3
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This morning, Dow Jones Industrial Average Futures Trading predicted a gain of over 130 points for the index at market opening . The US stock markets have been buoyed by news that trade tariffs could be eased or even rolled back.

Futures trading as of 8.20am ET, for the Dow Jones, showed 148-point gains implying the 130 point opening rally. The index proved its rally before paring gains back to 100 points and 0.42%.

Yesterday - Treasury - Secretary - Steven - Mnuchin

Yesterday, it emerged that Treasury Secretary Steven Mnuchin had proposed lifting at least some tariffs to incentivize China to give ground in upcoming US-China trade-talks. The Dow Jones subsequently rocketed 250 points before falling back as any firm plans were disputed by the US Treasury.

The Dow Jones did end yesterday with substantial gains, 162 points and 0.67% higher. The Nasdaq and S&P 500 also gained less than 1%.

Art - Hogan - Market - Strategist - BRiley

Art Hogan, chief market strategist at B.Riley FBR said:

“This market is desperate for good news on trade progress.”

Markets - Spring - Investor - Moves - Outcomes

He described the markets as a “coiled spring” waiting on investor’s moves which could be buoyed by positive outcomes. He added:

“You get a whiff of it and there’s a pop. The problem is, then reality sets in.”

Fact - Idea - Reduced

The fact that the idea of reduced...
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