Markets Right Now Stocks open higher on China trade hopes

October 13, 2019

first_imgNEW YORK — The latest on developments in financial markets (all times local):9:35 a.m.Stocks are snapping higher in early trading on Wall Street on the last day of a volatile year as hopes grew for progress in resolving trade frictions between the U.S. and China.Big-name technology companies and retailers, which have been badly bruised in the barrage of selling this month, clawed higher early Monday. Apple rose 1.9 per cent and Amazon added 2.8 per cent.Traders were encouraged by news that U.S. President Donald Trump said he expected to resolve trade friction with China after speaking with Chinese President Xi Jinping.The S&P 500 rose 22 points, or 0.9 per cent, to 2,508.The Dow Jones Industrial Average rose 255 points, or 1.1 per cent, to 23,317. The Nasdaq rose 74 points, or 1.1 per cent, to 6,658.The Associated Presslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *