Dow Jones rises 669 points as trade war fears subside
28 March, 2018, 01:39 | Author: Salvatore Jensen
The broad gains Monday were led by technology stocks and banks, which took some of the biggest losses last week as trade tensions flared between the US and China.
CHINA FACTOR: The fears of worsening trade tensions eased after China's government said it is open to negotiating with Washington. Earlier in the session, the Dow rose 243 points, while the S&P 500 and Nasdaq also traded higher. They lost more than 1,400 points last week. The S&P 500 clocked in a 1.7 percent loss.
MARKETS OVERSEAS: In Europe, Germany's DAX rose 1.7 percent, while France's CAC 40 gained 1.2 percent.
The S&P 500 climbed 70 points, or 2.7 per cent, to 2,658. Yields move opposite to prices. Bank of America added $1.27, or 4.4 percent, to $30.44. Stocks wavered through much of the morning, recovered somewhat by early afternoon, but then veered sharply lower as investors sold shares in Nvidia, Twitter, Facebook and other technology companies.
The Wall Street Journal reported late Sunday that the United States and China started quietly negotiating to expand U.S. companies' access to Chinese markets. PG&E gained $1.07, or 2.5 percent, to $43.94. The Nasdaq climbed 227 points, or 3.3 per cent, to 7,220. The Federal Trade Commission on Monday announced it is investigating the company after reports that Cambridge Analytica abused the information of 50 million users.
US markets fell swiftly earlier this year when he imposed steep tariffs on steel and aluminum imports.
Benchmark U.S. crude fell 33 cents to settle at $65.55 per barrel on the New York Mercantile Exchange. Wholesale gasoline was little changed at $2.01 a gallon.
Gold futures for April delivery gave back $13, or 1%, to close at $1,342 an ounce, snapping a four-day winning streak and pulling back from multi-week highs.
It also weakened considerably against the British pound (-0.4pc), euro (-0.6pc), Japanese yen (-0.9pc) and New Zealand dollar (-0.4pc).
In local currency terms, the UK's FTSE 100 remains the worst performing European index year-to-date, down 10.4%. The stock eked out a gain of 67 cents, or 0.4 percent, to $160.06. In Asia, Tokyo's Nikkei 225 added 0.7 percent, while Hong Kong's Hang Seng rose 0.7 percent. Seoul's Kospi gained 0.8 percent. Australia's S&P/ASX 200 added 0.7 percent.
If you have Easter travel plans this weekend, Friday and Saturday will be days to keep an eye on as we move throughout the week. The timing for this is still uncertain, but the best rain chances look to be more Monday morning than Easter Sunday for now.
The budget provides for subsidies to restaurants to replace coal tandoors with electricity- or gas-based tandoors. It also plan to install 120,000 surveillance cameras in government school buildings at a cost of Rs175 crore.
Still, this is the first triple-lens camera, so there's definitely some magic being done there that we'll be learning more about. But wait, there's more! But the Huawei P20 Pro has an AI image stabilisation feature that lets you take handheld night shots.
In the bankruptcy plan, Remington lists corporate backlash as a possible risk that could impact future earning potential. Creditors will also provide a $100 million debtor-in-possession (DIP) loan to finance operations throughout bankruptcy.
Aviation consultant John Strickland said the launch of the flights is a significant moment for the airline industry. The aircraft has a vibrant livery based on the artwork Y am Dreaming by Indigenous artist Emily Kame Kngwarreye.
As Jesus rode a donkey into the town of Jerusalem, a large crowd gathered and laid palm branches and their cloaks across the road. Manila Archbishop Luis Antonio Cardinal Tagle leads the Palm Sunday rites at the Manila Cathedral on March 25, 2018.
The Chromebook Tab 10 is expected to become available in April to North America first, for education and commercial customers. In the camera department, the tablet comes equipped with a 5MP resolution camera on the back and a 2MP camera on the front.
Joshua has boldly said he feels he can get rid of Parker between rounds six and eight at the Principality Stadium. Whyte was able to deliver a vicious beating on Browne before the end came conclusively in round 6.
Hazard 'would play at left-back' for Conte
Chelsea's current situation is far from ideal being five points behind the race for a spot in next season's Champions League. Thibaut Courtois has vowed to make a decision on his Chelsea future by the time he heads to the World Cup with Belgium .
Students demand action against gun violence in nation's capital
What's the next step after the protest? "I am amazed by these young people", Wagner Backus said. "Enough is enough!" cried M.C. Marjory Stoneman Douglas High students, the school that lost 17 lives Feb.14 from a mass shooting, gave impassioned speeches .
China Talks Tough on Trade War, Warns US of Countermeasures
While China is expected to target only trade with the United States in response, analysts say there is a risk of escalation. Trade Representative's office said Trump's action was in response to "unfair and harmful acquisition of U.S. technology".