- Title: Wall Street rises on fresh hopes for U.S.-China trade deal
- Date: 10th October 2019
- Summary: NEW YORK, NEW YORK UNITED STATES (OCTOBER 10, 2019) (REUTERS) (SOUNDBITE) (English) SPARTAN CAPITAL SECURITIES CHIEF MARKET ECONOMIST, PETER I. CARDILLO, SAYING: "Well, I think we're seeing the banks doing nicely today, and, you know, if you look what's happening in some of the other markets, we see the dollar coming down, and we see a huge rally in yields between yesterday and today. There's been a big movement, an upward movement, in yields. And so, I think that's a sign that, perhaps, some sort of a cosmetic trade deal is on its way."
- Embargoed: 24th October 2019 21:12
- Keywords: tariffs NYSE recession fears Peter Cardillo international trade stocks markets top-level U.S.-China trade talks Spartan Capital Securities President Donald Trump closing bell Apple
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002B0IO425
- Aspect Ratio: 16:9
- Story Text: U.S. stocks rose on Thursday (October 10) on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares also boosted the market.
The Dow Jones Industrial Average rose 153.58 points, or 0.58%, to 26,499.59, the S&P 500 gained 18.93 points, or 0.65%, to 2,938.33 and the Nasdaq Composite added 47.04 points, or 0.6%, to 7,950.78.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
- Usage Terms/Restrictions: None