Speculation around U.S.-China trade talks looks likely to continue
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| | | 2/22/2019 | |
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| Stocks Gain Amid Flurry of Trade News; Dow Extends Historic Streak | | By Josh Selway | | The U.S. stock market enjoyed a positive session to help the major indexes cap off another weekly win. For most of the day buyers were in control thanks to upbeat trade buzz, with reports circulating about a potential March meeting between President Donald Trump and Chinese President Xi Jinping -- suggesting the March 1 tariff deadline could be extended. In addition, China has reportedly agreed to buy $1.2 trillion in U.S. goods. The Dow briefly pulled off its highs in afternoon trade, after the Trump administration noted there are important points that need ironed out before a trade deal can be signed, but rallied into the close. As such, the S&P 500 and Nasdaq both followed the Dow higher on the day and week, as the latter two indexes stretched their weekly win streaks to nine. Continue reading for more on today's market, including: - What the Dow win streak could mean for blue chips.
- The shocker that sent one pharmacy stock to a record low.
- Plus, puts popular on sinking Stamps.com; C-suite news lifts Zillow; and short interest rising on one restaurant stock before earnings.
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