- Title: Wall Street rises on trade hopes, but China expectations lowered
- Date: 9th October 2019
- Summary: SANTA MONICA, CALIFORNIA, UNITED STATES (OCTOBER 9, 2019) (REUTERS VIA SKYPE) (SOUNDBITE) (English) GERBER KAWASAKI WEALTH AND INVESTMENT MANAGEMENT INVESTMENT GROUP LEADER, BEN DUNBAR, SAYING: "So, now is not the time to be really aggressive. There are a lot of issues going on globally and in the U.S. The U.S. consumer has been saving the market so far. We've see low unemployment, so there's a lot of good reasons to still be invested. But this is not the time to be aggressive, and then this is not the time to be trading on these headlines. Ultimately, remember the companies that you own and why you own them. Focus on that, rather than if a deal is done today, when tomorrow it's not done, and then the next day it's done again, right?"
- Embargoed: 23rd October 2019 21:09
- Keywords: recession fears international trade tariffs closing bell stocks markets NYSE Hormel
- Location: NEW YORK, NEW YORK, AND SANTA MONICA, CALIFORNIA, UNITED STATES
- City: NEW YORK, NEW YORK, AND SANTA MONICA, CALIFORNIA, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002B0DOCY5
- Aspect Ratio: 16:9
- Story Text:Wall Street rose on Wednesday (October 9) on hopes of progress in U.S.-China trade talks, though stocks pared gains late in the session after Chinese officials said that Beijing had lowered expectations for negotiations this week.
The Dow Jones Industrial Average rose 181.97 points, or 0.7%, to 26,346.01, the S&P 500 gained 26.41 points, or 0.91%, to 2,919.47 and the Nasdaq Composite added 79.96 points, or 1.02%, to 7,903.74.
(Production: Aleksandra Michalska)
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