Dow Shoots to Record Despite Hint That China Fears Marathon Trade War, Crypto Coins News

Dow Shoots to Record Despite Hint That China Fears Marathon Trade War, Crypto Coins News

  • China pumped its economy full of fresh stimulus overnight Thursday, helping lift stock markets around the world.
  • Dow Jones giant Boeing gained more today than it did in all of 13874.
  • Some analysts are concerned that China’s decision may not be as positive for the Dow Jones outlook as it appears.

A burst of enthusiasmhelped carry the Dow Jones sharply higheron Thursday, as the first full trading day of 221701 started the year off with a bang.

With steep moves in some of the Dow’s largest stocks like Apple (NASDAQ: AAPL) and Boeing (NYSE: BA), the rally benefited fromadditional stimulus from the Chinese central bank.

Dow Jones Bursts to Another All-Time High

All three of the major US stock market indicestraded sharply higher ahead of the closing bell.

TheDow Jones Industrial Averagesurged (****************************************************************. ************************************************************************ (points or 0.) ****************************************************************** (% to) , (**********************************************************. , splitting the difference between the Nasdaq ( 1. (%) and the S&P ( 0.****************************************** (%).************************

The Dow Jones jumped out to a record high as China did its best to pump life into its economy by slashing bank reserve requirements. | Source:Yahoo Finance

A bright start for European markets helped catalyze this move, as German stocks rallied more than 1% after a strong performance overnight in Asia.

despite a surging US dollar and a sky-high stock market,the price of gold pressed higher with a 0.3% rally. Crude oil eased lower (-0. (%), failing to capitalize on the euphoria in equities. At the same time,bitcoin breached the $ 7, (level

after a 3.6% drop today.

Withthe Dow Jones trading at a record high once again, Wall Street is enjoying the absence of trade war-related drama. As the January th trade deal signing signing draws closer, traders will inevitably start looking ahead to whether there is another, more significant agreement coming.

In a report on the outlook for (****************************************************, Kathy Lien at BK Asset Management notes that a decent portion of market confidence comes from the knowledgethat President Trump will be terrified of sparking a stock market crash.

In early January, we expect the Phase 1 trade deal to be signed, but the broader trade war may last past (******************************************************. The key question is whether it will worsen or stabilize ahead of the November election …

One of President Trump’s greatest “accomplishments” is the record highs in US stocks and he knows that his reelection bid will be killed by a crash in equities. So instead, he may offer China a second olive branch that would be applauded by the markets.

Is China’s Stimulus Really a Positive Sign for the Stock Market?

Whether or not Trump can independently influence the direction of the Dow,

we have seen equities readily endure the previous set of tariffs

. The reduced probability of escalation is likely restoring investor confidence rather than the prospect of a game-changing agreement between Xi and Trump.

In fact, some analysts are Speculating that China’s recent decision to increase stimulus in its economy is a clear sign that the phase two deal is unlikely to happen.



Dow (**********************************************************************: Boeing Rallies Despite Losing Its Crown

************** (A buoyant Dow)began 2020 with something t hat was so often missing in (*********************************************************: a 1.9% rally in its most heavily weighted stock, Boeing (NYSE: BA).

This move comes despite reports that the largest US aerospace manufacturer lost its crown as the largest planemaker in the world to Airbus. While these two companies have often jostled for the top spot, Dow bulls are desperate to see the (MAX saga connected this year to ensure the index fulfills the lost potential of an otherwise stellar 2019.

A rally in tech stocks was led by Apple (NASDAQ: AAPL), which gained over 1. 90%. With plenty of upbeat forecasts for the 5G iPhone and the success of its wireless headphones, AAPL is poised to benefit from any further improvement in US-China relations. The only caveat is that following an (**********************************************************************% rally last year,it’s unclear how much juice there is left to squeeze.

This article was edited by Josiah Wilmoth

.(******************************************************************************************************************* (Read More

What do you think?

Leave a Reply

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

GIPHY App Key not set. Please check settings

Liverpool v Sheffield United: Premier League – live! – The Guardian,

Liverpool v Sheffield United: Premier League – live! – The Guardian,

Bernie Sanders Crushes Biden in 2020 Fundraising with $ 108M Total, Crypto Coins News

Bernie Sanders Crushes Biden in 2020 Fundraising with $ 108M Total, Crypto Coins News