All three major indices had a very strong day. The Dow jumped more than 300 points after China said that it would be opposed to escalating trade tensions. The S&P 500 gained 1.3% while the Nasdaq increased 1.5%.
When asked about its ongoing trade war with the U.S., China's commerce ministry said Thursday that it was opposed to escalating trade tensions, hinting Chinese authorities will not retaliate against the latest round of U.S. tariffs.
"It doesn't make me any more optimistic or pessimistic. We're in a situation where the president of the United States can dictate policy instantaneously via tweet, and he's up against a centrally planned economy," said Blanchard. "With centralized decision-making, you can also move quickly." The escalation around trade has sent the major averages lower this month. The Dow and S&P 500 were both down around 2% in August through Thursday's close. The Nasdaq has lost 2.5%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stocks fall for second day as investors watch yield curve, U.S.-China trade fight, BrexitStocks traded lower Wednesday as investors gauged the potential recession signal offered by the inverted U.S. Treasury yield curve, while the intensifying...
Leer más »
Stocks are surging after China signals trade talks with the US could be back onChina would prefer to settle the issue and avoid further escalation of the trade war, its Commerce Ministry said.
Leer más »
What to watch today: Bond yields hit stocks, possible opioid deal, and China spies use LinkedInU.S. stock futures move in a narrow range between gains and losses this morning, following a Tuesday session that saw stocks give up a chunk of their Monday gains.
Leer más »
Stocks open higher after China says it won't immediately retaliate against U.S tariff hikeU.S. stocks opened higher after a Chinese government official said Beijing would not immediately respond to President Donald Trump's latest round of tariff...
Leer más »
Dow drops more than 100 points as bond-market recession indicator, trade worries worsenThe Dow dropped more than 100 points as trade uncertainty continued and a recession indicator from the bond market worsened. As the yield curve remained inverted, both the S&P 500 and the NASDAQ also closed down.
Leer más »
Americans are googling the Dow — here’s why that could spell troubleMain Street is paying attention to stock market volatility — and that might not be a good sign, says one analyst.
Leer más »