Both countries have agreed to cancel tariffs imposed on one another's goods
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| | | 11/07/2019 | |
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| Dow, S&P Set for New Highs on U.S.-China Tariff Truce | | By Lillian Currens | | Stock futures are pointed comfortably higher today, with the Dow and S&P 500 on track for another round of all-time highs at the open. This huge leap from Wednesday's sluggish trading comes after China's Commerce Ministry representative Gao Feng announced that both the U.S. and China will be backtracking on some of their previously imposed tariffs on each other's goods. Feng said the agreement brings the two sides closer to a phase one trade deal after weeks of negotiations. Elsewhere, Wall Street is awaiting fiscal fourth-quarter earnings from Disney (DIS), due out after the close, while combing over U.S. weekly jobless claims, which fell by a wider-than-expected margin last week. Continue reading for more on today's market, including: - The bull signal flashing for ABT stock has never been wrong.
- This shoe stock could trip up.
- Plus, Teva names a new CFO; QCOM gets a slew of bull notes; and ROKU enters the earnings confessional.
| | >> Continue reading... | |
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