Wall Street close: Benchmarks rip to record highs on imminent Sino/US trade deal

  • DJIA was rising 221 points, or 0.8%, to close at roughly 28,132.
  • The S&P 500 index ending the day 27 points, or 0.8% higher, at about 3,169.
  • Nasdaq Composite adding 63 points, or 0.7% to close at around 8,717.

The US benchmarks on Thursday rallied on the news that a Sino/US trade deal was imminent and being constructed to prevent tariffs kicking in on the looming China tariff deadline. A late confirmation of a flow of prior bullish headlines sealed rhe deal for Wall Street's bulls. 

US President Donald Trump originally tweeted that the States was “getting VERY close to a BIG DEAL with China”. This was then backed up from a report in the Wall Street Journal detailing how US negotiators were going to offer to slash existing tariffs, which cover roughly $360 billion of Chinese goods, by 50% and how the US was also willing to cancel the next round of China tariffs, planned to take effect on another $156 billion of Chinese goods on December 15. Then, lastly, Bloomberg TV announced that the US reached a deal in principle with China that now awaited Trump's signing. Wall Street cheered the good news all day long into the close.

US stock benchmarks touched record highs

Subsequently, all three major US stock benchmarks touched record highs with the Dow Jones Industrial Average, DJIA, rising 221 points, or 0.8%, to close at roughly 28,132, the S&P 500 index ending the day 27 points, or 0.8% higher, at about 3,169 and the Nasdaq Composite adding 63 points, or 0.7% to close at around 8,717. 

DJIA levels


Today last price 28128
Today Daily Change 200.00
Today Daily Change % 0.72
Today daily open 27928
Daily SMA20 27910.55
Daily SMA50 27384.06
Daily SMA100 26950.07
Daily SMA200 26585.5
Previous Daily High 27974
Previous Daily Low 27800
Previous Weekly High 28206
Previous Weekly Low 27324
Previous Monthly High 28196
Previous Monthly Low 27058
Daily Fibonacci 38.2% 27907.53
Daily Fibonacci 61.8% 27866.47
Daily Pivot Point S1 27827.33
Daily Pivot Point S2 27726.67
Daily Pivot Point S3 27653.33
Daily Pivot Point R1 28001.33
Daily Pivot Point R2 28074.67
Daily Pivot Point R3 28175.33



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.

Feed news

Latest Forex News

Editors’ Picks

Bears ignore Aussie holidays, cheer coronavirus news at fresh multi-week low near 0.6815

AUD/USD drops to 0.6814, with an intra-day low of 0.6811, during the early Monday morning in Asia. The fears of China’s coronavirus outbreak are dominating the market’s risk sentiment off-late.


USD/JPY: Coronavirus bearish gap breaks below 109

USD/JPY has dropped heavily in the open, breaking below the 109 handle to print a fresh low of 108.88 as traders prepare for a risk-off week when considering the implications of the Coronavirus. 


Are you anxious about Coronavirus? Well, so are the markets

There's so much we don't know about Coronavirus, which increases the level of concern from public health officials, you & I as well as the markets and we can expect a risk-off start to the week ahead of a pretty major schedule.

Read more

Gold kick-starts the week with bullish gap-up to $1589 as coronavirus fuels risk aversion

Gold prices remain positive while taking rounds to $1,583, following the intra-day high of $1588.70 flashed at the week’s start. The yellow metal recently benefited from fears of China’s coronavirus outbreak.

Gold News

GBP/USD: 50-day SMA, 61.8% Fibonacci question sellers

Cable stays weak while declining to the intra-day low of 1.3068 by the press time of Monday’s Asian session. The pair registers 3 days losing streak while also forming a lower high pattern if observed its moves from Dec 2019 top.