Drug Stock's Move Not Enough for Bulls

Reports say the U.S. could cut existing tariffs on China

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MIDDAY MARKET CHECK     12/12/2019
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Dow Jumps on Trade Deal Excitement By Josh Selway Share On Stocks are spiking today thanks to bullish trade developments. First, President Donald Trump tweeted that the U.S. and China were "VERY close" to a "BIG DEAL," and fresh reports suggest the Trump administration is willing to cut existing tariffs on China along with canceling Sunday's deadline for more tariffs. The Dow Jones Industrial Average (DJI) is sporting a triple-digit lead at the halfway point as a result, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also on the rise. As such, not much attention has been paid to this morning's two-year high in initial jobless claims. Why one drug stock's move may not have been enough. Another bull note for Starbucks. Plus, AutoDesk options pick up; Ciena shares manage to rally; and Lovesac sinks. >> Continue reading...
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