Schaeffer's Midday Market Check China earlier said it would take a "calm" approach to trade negotiations
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| | | 8/29/2019 | |
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| Renewed Trade Hopes, Tech Sector Lift Stocks | | By Lillian Currens | | The Dow Jones Industrial Average (DJI) has tacked on over 280 points at midday, as China's comments about going forward on trade negotiations with a "calm" attitude continue to bolster investor sentiment. In addition, President Donald Trump told Fox News Radio that there's a trade "talk scheduled for today at a different level." This softened trade stance has helped boost tech stocks, with a roughly 2.5% gain from blue chip stock Intel (INTC) and a 3.5% increase in shares of chip concern Micron Technology (MU). The tech-rich Nasdaq Composite Index (IXIC) is up more than 100 points in response, while the S&P 500 Index (SPX) is in the black too. Continue reading for more on today's market, including: - Why one options bull is betting big ahead of Disney+ release.
- This red-hot retail stock could crash soon, according to one analyst.
- Plus, bears blast YPF stock; ARCI stock skyrockets; and Ollie's earnings slip sparks a major stock selloff.
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