- Title: Wall St rises but pares gains after news of partial U.S.-China deal
- Date: 11th October 2019
- Summary: NEW YORK, NEW YORK UNITED STATES (OCTOBER 11, 2019) (REUTERS) (SOUNDBITE) (English) KRAMER CAPITAL RESEARCH, CIO, HILARY KRAMER, SAYING: "Because when President Trump, regardless of how anyone feels about him, but when he goes one-on-one with someone, he can come out with the upper hand. He can come out with progress. I mean, that's what he specializes in the art of the deal. So, I think, there's this expectation we're gonna be... we're gonna be in a better place after that. And, obviously, this can be a lot of concessions. And, at the end of the day, the trade isn't going to be really any different. This situation, and the competition, and the problem with using proprietary information. However, we will get somewhere in terms of the market, and the market will only care about earnings next week."
- Embargoed: 25th October 2019 21:08
- Keywords: tariffs NYSE recession fears international trade stocks Hilary Kramer Kramer Capital Research markets top-level U.S.-China trade talks 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: LVA002B0NNQFH
- Aspect Ratio: 16:9
- Story Text: U.S. stocks ended more than 1% higher on Friday (October 11), but below their session highs, after the announcement of a partial trade deal between the United States and China.
The Dow Jones Industrial Average rose 319.92 points, or 1.2%, to 26,816.59, the S&P 500 gained 31.88 points, or 1.09%, to 2,970.01 and the Nasdaq Composite added 106.27 points, or 1.34%, to 8,057.04.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
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