US stock futures slightly higher on hopes of a smaller Fed rate cut

U.S. stock index futures were mixed on Monday morning as expectations of aggressive policy easing from the Federal Reserve dampen. ET, Dow futures were 27 points higher and pointed to an implied positive open of around 14 points. Futures on the S&P 500 and Nasdaq were also marginally higher. Market focus is heavily attuned to the U.S. central bank as hopes of a 50 basis point cut to interest rates at its Federal Open Market Committee (FOMC) meeting wane. The Science and Technology Innovation Boa


U.S. stock index futures were mixed on Monday morning as expectations of aggressive policy easing from the Federal Reserve dampen. ET, Dow futures were 27 points higher and pointed to an implied positive open of around 14 points. Futures on the S&P 500 and Nasdaq were also marginally higher. Market focus is heavily attuned to the U.S. central bank as hopes of a 50 basis point cut to interest rates at its Federal Open Market Committee (FOMC) meeting wane. The Science and Technology Innovation Boa
US stock futures slightly higher on hopes of a smaller Fed rate cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: elliot smith
Keywords: news, cnbc, companies, higher, stock, sp, hopes, rate, reporting, slightly, saw, point, open, cut, fed, meeting, smaller, market, nasdaq, points, futures


US stock futures slightly higher on hopes of a smaller Fed rate cut

U.S. stock index futures were mixed on Monday morning as expectations of aggressive policy easing from the Federal Reserve dampen.

At around 2:30 a.m. ET, Dow futures were 27 points higher and pointed to an implied positive open of around 14 points. Futures on the S&P 500 and Nasdaq were also marginally higher.

Market focus is heavily attuned to the U.S. central bank as hopes of a 50 basis point cut to interest rates at its Federal Open Market Committee (FOMC) meeting wane. A Wall Street Journal report on Friday suggested a more cautious 25 basis point cut is likely following comments from several senior Fed officials..

Friday saw the S&P 500 and Nasdaq fall 1% each to close at their biggest weekly losses since late May, while the Dow lost 0.6%, after the indexes had notched all-time highs earlier in the week.

China’s new Nasdaq-style tech index began trading on Monday amid a flurry of buying from investors. The Science and Technology Innovation Board, or STAR Market, saw shares of the 25 companies listed soaring from the outset.

Earnings season stateside remains in focus, with Halliburton, Royal Philips and RPM International reporting before the bell on Monday. Whirlpool and TD Ameritrade are among those reporting after the bell.

Investors will also have one eye on geopolitical developments, as Britain weighs its options after the Iranian military seized a British oil tanker. Outgoing Prime Minister Theresa May will chair an emergency response committee meeting on Monday to discuss the crisis.

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Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: elliot smith
Keywords: news, cnbc, companies, higher, stock, sp, hopes, rate, reporting, slightly, saw, point, open, cut, fed, meeting, smaller, market, nasdaq, points, futures


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Dow futures give back gains on fading hopes of aggressive easing from the Fed

The new 2020 C8 Corvette Stingray guns for Ferrari with first… The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…Autosread more


The new 2020 C8 Corvette Stingray guns for Ferrari with first… The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…Autosread more
Dow futures give back gains on fading hopes of aggressive easing from the Fed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith
Keywords: news, cnbc, companies, firstthe, stingray, secondsautosread, dow, gains, guns, futures, fading, seventhgeneration, launch, car, easing, hopes, aggressive, horsepower, version, punch, fed


Dow futures give back gains on fading hopes of aggressive easing from the Fed

The new 2020 C8 Corvette Stingray guns for Ferrari with first…

The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in “less than three seconds”…

Autos

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith
Keywords: news, cnbc, companies, firstthe, stingray, secondsautosread, dow, gains, guns, futures, fading, seventhgeneration, launch, car, easing, hopes, aggressive, horsepower, version, punch, fed


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US Treasury yields tick higher amid hopes of a Fed rate cut

U.S. government debt prices were lower on Friday morning, after comments from a Fed official hinted at a rate cut. At around 02:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0500%, while the yield on the 30-year Treasury bond was also higher at around 2.5756%. New York Federal Reserve President John Williams said Thursday that the central bank should “act quickly” when the economy loses some steam. “It’s better to take preven


U.S. government debt prices were lower on Friday morning, after comments from a Fed official hinted at a rate cut. At around 02:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0500%, while the yield on the 30-year Treasury bond was also higher at around 2.5756%. New York Federal Reserve President John Williams said Thursday that the central bank should “act quickly” when the economy loses some steam. “It’s better to take preven
US Treasury yields tick higher amid hopes of a Fed rate cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: silvia amaro
Keywords: news, cnbc, companies, wait, tick, steam, rate, treasury, williams, speech, hopes, yields, unfold, reserve, higher, amid, york, fed, yield, cut


US Treasury yields tick higher amid hopes of a Fed rate cut

U.S. government debt prices were lower on Friday morning, after comments from a Fed official hinted at a rate cut.

At around 02:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0500%, while the yield on the 30-year Treasury bond was also higher at around 2.5756%.

New York Federal Reserve President John Williams said Thursday that the central bank should “act quickly” when the economy loses some steam. “It’s better to take preventative measures than to wait for disaster to unfold,” he said in a speech.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: silvia amaro
Keywords: news, cnbc, companies, wait, tick, steam, rate, treasury, williams, speech, hopes, yields, unfold, reserve, higher, amid, york, fed, yield, cut


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European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5%

European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis. New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. However, a New York Fed spokesperson tried to temper those expectation


European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis. New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. However, a New York Fed spokesperson tried to temper those expectation
European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, target, stocks, rate, williams, trade, billion, hopes, 85, shares, slightly, european, higher, publicis, york, fed, cut


European stocks slightly higher on hopes of a Fed rate cut; Publicis down 8.5%

European stocks traded cautiously higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month.

The pan-European Stoxx 600 was trading just above the flatline toward midday, having pared earlier gains. Industrials were the strongest performers with a 0.7% climb while media stocks fell 0.7% on the back of a sharp share price fall for French advertiser Publicis.

Markets were initially buoyed by comments from a top Fed official on Thursday that suggested the central bank would implement a pre-emptive “insurance” rate cut aimed at averting a major slump in economic growth.

New York Fed President John Williams said the Fed should “act quickly” while the economy is slowing and rates are low. “It’s better to take preventative measures than to wait for disaster to unfold,” he said in a speech Thursday.

However, a New York Fed spokesperson tried to temper those expectations after Williams’ speech, telling CNBC that his comments were part of an academic talk and “not about potential policy actions.”

Meanwhile, geopolitical tensions between the U.S. and Iran have given oil prices a boost. The U.S. said it had shot down an Iranian drone in the Strait of Hormuz, a key chokepoint for global crude flows. But Iran later denied the claims.

Elsewhere, investors looked for signs of progress in the U.S.-China trade dispute. U.S. and Chinese officials spoke over the phone Thursday, with Treasury Secretary Steven Mnuchin suggesting face-to-face talks could follow.

In terms of individual stocks, shares of Galapagos climbed 7.1% in morning trade after KBC Securities raised its price target on the Amsterdam-listed stock. AB InBev shares climbed 4.3% after it announced the sale of its Australian unit to Asahi.

At the other end of the European blue chip index, Publicis saw its shares fall 8.5% in early trade to their lowest level since December 2012, after the French advertising giant cut its revenue target following disappointing second-quarter results.

As for economic data, the European Central Bank said Friday that in the 12-month period to May, the euro zone’s current-account surplus widened to 30 billion euros ($33.7 billion) from 22 billion in April.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, target, stocks, rate, williams, trade, billion, hopes, 85, shares, slightly, european, higher, publicis, york, fed, cut


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Gold rises after Powell’s remarks bolster rate cut hopes, hurt dollar


Gold rises after Powell’s remarks bolster rate cut hopes, hurt dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10
Keywords: news, cnbc, companies, cut, bolster, gold, powells, rises, rate, hurt, hopes, remarks, dollar



Company: cnbc, Activity: cnbc, Date: 2019-07-10
Keywords: news, cnbc, companies, cut, bolster, gold, powells, rises, rate, hurt, hopes, remarks, dollar


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India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and


India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and
India hopes making electric vehicles cheaper will get more people to buy them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions.

Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. Electric vehicle buyers can accrue around 250,000 rupees in total benefits over their entire loan period, she said.

“The government is trying to create demand, to spur demand, and thus help (original equipment manufacturers),” Puneet Gupta, associate director of automotive forecasting at IHS Markit, told CNBC. Gupta explained that car manufacturers in India have said that the lack of demand deters them from producing higher quantities of electric vehicles.

“I think the first thing is to kickstart the demand because, right now, if you see, we’re selling less than 2,000 electric vehicles in a year, which is almost negligible,” Gupta said, adding that India has about 4 million light vehicles — cars, SUVs, and light trucks — today. “You’re not targeting the mass, you’re still targeting a limited population.”


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


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Europe stocks close lower after strong US jobs data dampens hopes of Fed cut; Deutsche Bank up 2.5%

European stocks traded lower Friday afternoon following a stronger-than-expected U.S. nonfarm payrolls report, which weakened the likelihood that the Federal Reserve will cut interest rates at July’s monetary policy meeting. Market focus was largely attuned to U.S. nonfarm payrolls and unemployment data, which came in stronger-than-expected on Friday afternoon. Nonfarm payrolls rose by 224,000 in June, outstripping early predictions of 160,000 according to a Reuters poll. The central bank opened


European stocks traded lower Friday afternoon following a stronger-than-expected U.S. nonfarm payrolls report, which weakened the likelihood that the Federal Reserve will cut interest rates at July’s monetary policy meeting. Market focus was largely attuned to U.S. nonfarm payrolls and unemployment data, which came in stronger-than-expected on Friday afternoon. Nonfarm payrolls rose by 224,000 in June, outstripping early predictions of 160,000 according to a Reuters poll. The central bank opened
Europe stocks close lower after strong US jobs data dampens hopes of Fed cut; Deutsche Bank up 2.5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: elliot smith
Keywords: news, cnbc, companies, hopes, european, monetary, strongerthanexpected, week, policy, deutsche, payrolls, shares, fed, nonfarm, lower, strong, data, europe, dampens, jobs, bank, stocks


Europe stocks close lower after strong US jobs data dampens hopes of Fed cut; Deutsche Bank up 2.5%

European stocks traded lower Friday afternoon following a stronger-than-expected U.S. nonfarm payrolls report, which weakened the likelihood that the Federal Reserve will cut interest rates at July’s monetary policy meeting.

The pan-European Stoxx 600 closed provisionally 0.7% lower in the end of week session, with basic resources shedding 2% while banks and retail stocks were the only sectors trading in positive territory, each up just 0.2%.

Market focus was largely attuned to U.S. nonfarm payrolls and unemployment data, which came in stronger-than-expected on Friday afternoon. Nonfarm payrolls rose by 224,000 in June, outstripping early predictions of 160,000 according to a Reuters poll. Stocks on Wall Street fell at the open on Friday after the release.

A weaker-than-expected figure would have increased bets that the Federal Reserve will cut interest rates at its meeting on July 30 and 31. The central bank opened the door to easier monetary policy last month by stating it will “act as appropriate” to maintain the current economic expansion. However, the surprisingly strong figure weakens the Fed’s case for policy easing.

Dismal German industrial orders data on Friday morning, compounding a woeful week for Europe’s largest economy, provided further cause for investors to lock in. Industrial stocks were down 1.8% following the release.

In corporate news, Deutsche Bank on Friday announced that investment banking chief Garth Ritchie had agreed to step down. The long-speculated move comes as Deutsche prepares a sweeping multi-billion dollar overhaul that will see substantial cuts to its investment banking division. The German lender’s shares climbed 2.49% Friday as investors reacted to the news.

Geopolitical tensions in the Middle East are also in focus after British Royal Marines seized a large Iranian oil tanker on Thursday for trying to take oil to Syria in violation of EU sanctions, evoking fury in Tehran.

Meanwhile, European Central Bank Vice President Luis de Guindos told a Spanish radio station on Thursday that the bank is keeping all monetary policy options on the table for dealing with an economic slowdown and reaching its inflation goals.

The European blue chip index’s biggest loser Friday was Swedish tech giant Hexagon, which saw its shares plunge 13% after warning of a drop in second-quarter sales due to the U.S.-China trade war. The company also announced that it would be cutting 700 jobs.


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: elliot smith
Keywords: news, cnbc, companies, hopes, european, monetary, strongerthanexpected, week, policy, deutsche, payrolls, shares, fed, nonfarm, lower, strong, data, europe, dampens, jobs, bank, stocks


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Dow futures sharply higher after Federal Reserve raises rate cut hopes

U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July. Canopy Growth and Red Hat are expected to release their latest earnings after m


U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher. Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July. Canopy Growth and Red Hat are expected to release their latest earnings after m
Dow futures sharply higher after Federal Reserve raises rate cut hopes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: sam meredith
Keywords: news, cnbc, companies, higher, futures, reserve, raises, yield, rate, cut, hopes, points, sharply, fed, federal, stock, signaled, market, latest, dow, slightly


Dow futures sharply higher after Federal Reserve raises rate cut hopes

U.S. stock index futures were sharply higher Thursday morning, after the Federal Reserve signaled possible interest rate cuts later this year.

At around 02:40 a.m. ET, Dow futures rose 115 points, indicating a positive open of more than 130 points. Futures on the S&P and Nasdaq were both seen slightly higher.

Market focus is largely attuned to monetary policy settings, after the Fed signaled interest rate cuts beginning as early as July.

Policymakers at the Fed said Wednesday that they would stand ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation.

Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building.

Many market participants viewed the overall tone from the U.S. central bank as more dovish-than-expected, with the U.S. benchmark 10-year Treasury yield falling to 1.974% — its lowest level since November 2016. The yield stood at 2.8% in January.

On the data front, investors are likely to monitor the latest weekly jobless claims figures, first-quarter current account data and the Philadelphia Fed manufacturing survey for June at around 8:30 a.m. ET. Leading index figures for May will follow slightly later in the session.

In corporate news, Darden Restaurants, Kroger and Commercial Metals are among some of the companies scheduled to report their latest quarterly results before the opening bell.

Canopy Growth and Red Hat are expected to release their latest earnings after market close.


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: sam meredith
Keywords: news, cnbc, companies, higher, futures, reserve, raises, yield, rate, cut, hopes, points, sharply, fed, federal, stock, signaled, market, latest, dow, slightly


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Hopes for a trade deal rise in China as Trump and Xi prepare to meet at the G-20

Chinese President Xi Jinping (L) holds a grand ceremony to welcome U.S. President Donald Trump outside the Great Hall of the People in Beijing, China on Nov. 9, 2017. BEIJING – As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides’ expectations regarding a deal remains wide. Chinese President Xi Jinping broke his silence on Tuesday with state media announcing he is willing to discuss trade issues with Trump at next week’s G-20 meeting. The reports


Chinese President Xi Jinping (L) holds a grand ceremony to welcome U.S. President Donald Trump outside the Great Hall of the People in Beijing, China on Nov. 9, 2017. BEIJING – As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides’ expectations regarding a deal remains wide. Chinese President Xi Jinping broke his silence on Tuesday with state media announcing he is willing to discuss trade issues with Trump at next week’s G-20 meeting. The reports
Hopes for a trade deal rise in China as Trump and Xi prepare to meet at the G-20 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: evelyn cheng
Keywords: news, cnbc, companies, meet, rise, g20, prepare, jinping, chinese, china, sides, hopes, trump, deal, meeting, xi, tariffs, president, trade


Hopes for a trade deal rise in China as Trump and Xi prepare to meet at the G-20

Chinese President Xi Jinping (L) holds a grand ceremony to welcome U.S. President Donald Trump outside the Great Hall of the People in Beijing, China on Nov. 9, 2017.

BEIJING – As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides’ expectations regarding a deal remains wide.

Analysts with ties outside China see major obstacles, notably on how both sides can come to terms over the treatment of Chinese telecom giant Huawei. But after a tumultuous few weeks of increased tough talk from Beijing, the calculus of some with ties to the Chinese government is that President Donald Trump is ready to move toward an agreement.

Chinese President Xi Jinping broke his silence on Tuesday with state media announcing he is willing to discuss trade issues with Trump at next week’s G-20 meeting. The reports came less than 20 minutes after Trump tweeted that he “had a very good telephone conversation with President Xi of China” and the two would have an “extended meeting” during the gathering.

“Xi Jinping emphasized, on the issue of trade, that both sides should resolve the problem through fair dialogue; the important thing is to protect the rational concerns of both sides,” state news agency Xinhua reported, according to a CNBC translation of the Chinese-language article. “We also hope the U.S. will fairly treat Chinese enterprises.”

U.S. and Chinese stock indexes jumped, partly in anticipation that the world’s two-largest economies will reach an agreement in the trade dispute that has lasted for over a year.

“The best we can hope for from this meeting is an agreement not to raise tariffs,” Tom Rafferty, principal economist for China at The Economist Intelligence Unit, said in a phone interview Wednesday.

The key will be finding the right language that balances U.S. and Chinese interests, he said. “The risk of this falling apart and the U.S. proceeding with tariffs is quite high.”

Warding off additional tariffs and cancelling ones applied during the last 18 months have been a priority for Beijing in the trade dispute.

Earlier this month, Trump threatened tariffs on an additional $300 billion Chinese goods if Xi didn’t attend the G-20 meeting.


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: evelyn cheng
Keywords: news, cnbc, companies, meet, rise, g20, prepare, jinping, chinese, china, sides, hopes, trump, deal, meeting, xi, tariffs, president, trade


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Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress

The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55. The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.


The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55. The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.
Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: yun li fred imbert, yun li, fred imbert
Keywords: news, cnbc, companies, reported, trade, fourthstraight, tariffs, week, rose, usmexico, hopes, progress, points, gain, 500, talks, tariff, mexico, sp, rallies, making


Dow rallies 180 points for its fourth-straight gain on hopes US-Mexico trade talks making progress

Stocks rose on Thursday as investors speculated that the U.S. and Mexico are getting closer to a resolution over immigration issues that would delay the tariffs threatened by President Donald Trump.

The Dow Jones Industrial Average gained 181.09 points to 25,720.66, bringing its gain for the week to more than 900 points and putting it on pace for its best week of the year. The S&P 500 rose 0.61% to 2,843.49 while the Nasdaq Composite gained 0.53% to 7,615.55.

The talks between U.S. and Mexican officials resumed Thursday afternoon after they failed to reach an agreement on Wednesday. Martha Barcena Coqui, Mexico’s ambassador to the U.S., told CNBC on Thursday that negotiators had “a very good discussion, a very good debate. ”

The U.S. had asked Mexico to keep Central American asylum seekers and require migrants without proper documentation to stay in Mexico “for the duration of their immigration proceedings,” CNBC previously reported. The talks are poised to continue at 5:30 p.m. ET Thursday at the State Department.

Stocks hit their highs of the day after Bloomberg News reported that the U.S. is considering a postponement to Trump’s 5% tariff on all Mexican imports after the country’s negotiators asked for more time to hash out a deal. The tariff is set to kick in on Monday.

Shares of companies with the most to lose from Mexico tariffs pared their losses on the new headlines. Shares of Ford, GM and Kansas City Southern took a noticeable jump, though the three still finished the day lower.

Thursday’s gains followed the Dow’s 500-point jump on Tuesday, its second-best session of 2019. The index’s subsequent 200-point climb on Wednesday and Thursday’s gains have pushed its week-to-date performance up more than 3.6%. The S&P 500 and Nasdaq are up 3.3% and 2.2%, respectively, this week. Both the Dow and S&P 500 are on pace for their best weeks since November.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: yun li fred imbert, yun li, fred imbert
Keywords: news, cnbc, companies, reported, trade, fourthstraight, tariffs, week, rose, usmexico, hopes, progress, points, gain, 500, talks, tariff, mexico, sp, rallies, making


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