The U.S. and China have reportedly made "unprecedented" progress on trade talks
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| | | 3/28/2019 | |
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| Stock Futures Waver as GDP Revised Lower | | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are perched just below fair value this morning. Investors are digesting a 2.2% rise in fourth-quarter gross domestic product (GDP) -- on par with estimates, but downwardly revised from the previous reading of 2.6%. Trade talks between the U.S. and China are also in focus, after a Reuters report indicated the two sides had reached "unprecedented" progress in areas such as intellectual property theft. Elsewhere, oil prices are set to pull back again, with May-dated crude futures down 1.7% at $58.41 per barrel. President Donald Trump lashed out at the Organization of the Petroleum Exporting Countries (OPEC) again this morning, tweeting that the cartel should "increase the flow of Oil" as prices are "getting too high." Continue reading for more on today's market, including: | | >> Continue reading... | |
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