Wall Street opens modestly higher amid US-China trade optimism
|Major equity indexes in the U.S. started the day in the positive territory as the latest headlines surrounding the U.S. - China trade conflict boosted the risk-appetite. As of writing, the Dow Jones Industrial Average was up 0.2% on the day while the S&P 500 and the Nasdaq Composite were adding 0.25% and 0.3%, respectively.
Earlier today, Kellyanne Conway, President Trump's senior adviser, told Fox New that the U.S. and China were getting closer to a trade deal and President Trump was planning to meet Chinese President Xi "very soon." Among the 11 major S&P 500 sectors, the trade-sensitive industrials is leading the gains by adding 0.71%. On the other hand, a more-than-2% drop in crude oil prices weigh on the energy sector, which now trades 0.7% lower.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.