Dow, S&P 500 Gain; Financial Stocks a Boost

The S&P 500 and the Dow Jones Industrial Average rose on Wednesday, with the Dow hitting its highest closing level since late January, as rising Treasury yields boosted financial stocks and trade worries subsided.

Based on the latest available data, the Dow Jones Industrial Average rose 159.41 points, or 0.61 percent, to 26,406.37, the S&P 500 gained 3.62 points, or 0.12 percent, to 2,907.93 and the Nasdaq Composite dropped 6.07 points, or 0.08 percent, to 7,950.04.

Source : Reuters

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Stocks gain as investors shrug off intensifying U.S.-China trade fight

U.S. stocks rose Tuesday as investors looked past escalating trade tensions to instead focus on an economy that remains strong by many measures. The gains were led by consumer discretionary and technology shares, two sectors that had slumped in the previous session.

The Dow Jones Industrial Average rose 160 points, or 0.6%, to 26,221. The S&P 500 index advanced 20 points, or 0.7%, to 2,909 and the Nasdaq Composite Index climbed 89 points, or 1.1%, to 7,984.

Stocks had declined Monday, marking the biggest one-day drop for the S&P since mid-August and the worst session for the Nasdaq since late July.

President Donald Trump late Monday said he would impose new tariffs on about $ 200 billion in Chinese goods. He also threatened additional penalties as part of his campaign to pressure Beijing to change its commercial practices.

In response, China retaliated with tariffs of 5% to 10% on $ 60 billion worth of U.S. products that will take effect Sept. 24 and said it may introduce more measures if the U.S. goes ahead with higher tariffs, according to The Wall Street Journal.

Source: Marketwatch

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Hong Kong Stocks End Week With Another Strong Gain

Hong Kong stocks rallied again Friday on hopes for fresh China-US trade talks and as investors cheered a soft US inflation report that eases pressure on the Federal Reserve to hike interest rates.

The Hang Seng Index rose 1.01 percent, or 271.92 points to 27,286.41, having jumped 2.54 percent Thursday.

But the benchmark Shanghai Composite Index edged down 0.18 percent, or 4.94 points, to 2,681.64 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.78 percent, or 11.06 points, to 1,402.51.

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