Stocks made new record highs again today.

The major indices opened at record levels after news that U.S. and China had agreed to remove existing tariffs.

There was a surprise drop late in the afternoon after reports that there is some internal opposition inside the White House over the tariff rollbacks.

But after making session lows with 30 minutes left in the day, stocks moved higher into the close.

The DOW, S&P, and NASDAQ all made new record highs today. But it was the DOW leading the way with a 0.7% gain.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.3% gain. Up 8 points, the S&P ended at 3,085.
  • The DOW ended higher by 0.7%. Adding 182 points, the DOW closed at 27,675.
  • The NASDAQ was up 0.3%. With a 24 point gain, the NASDAQ finished at 8,411.

Crude Oil (CL) bounced back after yesterday’s drop. Up 1.4%, CL ended at $57.11 a barrel.

With today’s trade news, the 10-year yield saw its biggest move since President Trump was elected.

And bank stocks rallied on the move in interest rates.

Bank of America (BAC) finished higher by 1.3% and Citigroup (C) rallied 1.9%.

Qualcomm (QCOM) ended the day with a 6.3% gain after reporting better than expected earnings yesterday.

But online travel companies had a rough day.

Expedia Group (EXPE) lost 27.4% after worse than expected earnings. And TripAdvisor (TRIP) dropped 22.4%

In after-hours trading, Disney (DIS) jumped more than 5.0% after an earnings beat. Disney will launch its new Disney+ streaming service on Tuesday.

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.

Analysis feed

Latest Forex Analysis

Editors’ Picks

GBP/USD soars past 1.2900 as Farage gives additional boost to Conservatives

GBP/USD has leaped above 1.29, the highest since early November, as the Brexit Party has failed to field candidates in 43 additional seats, facilitating a victory for PM Boris Johnson.

GBP/USD News

EUR/USD advances 1.10 amid upbeat trade headlines, after mixed US retail sales

EUR/USD is trading closer to 1.1050, up on the day. US Commerce Secretary Ross has expressed optimism about reaching a deal with China. The Retail Sales Control Group met expectations with 0.3%.

EUR/USD News

USD/JPY clings to gains near session tops, around 108.70 post-US data

The USD/JPY pair maintained its strong bid tone near session tops and had a rather muted reaction to the mixed US economic data.

USD/JPY News

US Dollar Index challenges weekly lows near 98.00

The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main rivals, is now accelerating the downside and threatens to test the key support at 98.00 the figure.

US Dollar Index News

Trump Impeachment: Markets will not like any replacement

The public phase of the impeachment hearings against President Donald Trump has kicked off, with the US public and parties divided more than ever. How does it affect markets?

Read more

Forex Majors

Cryptocurrencies

Signatures