- Trade news headlines flipped positive for investor risk appetite.
- Dow Jones Industrial Average added 146.97 points, 0.5%, to 27,649.78.
- S&P 500 index put on 19.56 points, or 0.6%, to close at 3,112.76.
- The Nasdaq Composite Index climbed 46.03 points, or 0.5%, to end the day at 8,566.67.
had been weighing US stocks Wall Street's benchmarks were performing much better into the close on Wednesday following a three-session losing streak. Trade news headlines had been weighing US stocks and global equities but Wednesday's news published in a Bloomberg report made for a rosier outlook among investors, encouraging a flight to risk.
Subsequently, the Dow Jones Industrial Average added 146.97 points, 0.5%, to 27,649.78 while the S&P 500 index put on 19.56 points, or 0.6%, to close at 3,112.76. The Nasdaq Composite Index climbed 46.03 points, or 0.5%, to end the day at 8,566.67.
In the reports lead paragraph, Bloomberg wrote,
The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said.
This was followed by,
The people, who asked not to be identified, said that U.S. President Donald Trump’s comments Tuesday downplaying the urgency of a deal shouldn’t be understood to mean the talks were stalling, as he was speaking off the cuff. Recent U.S. legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks, one person familiar with Beijing’s thinking said.
US ADP jobs data disappoints
US private-sector jobs growth slowed to a six-month low in November. "The ADP National Employment data showed an increase of just 67,000 jobs, which was only about half the number expected," analysts at ANZ Bank explained, adding, "All the new jobs were in the service sector, however this sector is also slowing. The Institute for Supply Management (ISM) non-manufacturing activity index fell to 53.9 in November, down from 54.7. Manufacturing activity contracted for the fourth month in a row with new orders down to their lowest level since 2012."
|Today last price||27650|
|Today Daily Change||146.00|
|Today Daily Change %||0.53|
|Today daily open||27504|
|Previous Daily High||27856|
|Previous Daily Low||27324|
|Previous Weekly High||28196|
|Previous Weekly Low||27944|
|Previous Monthly High||28196|
|Previous Monthly Low||27058|
|Daily Fibonacci 38.2%||27527.22|
|Daily Fibonacci 61.8%||27652.78|
|Daily Pivot Point S1||27266.67|
|Daily Pivot Point S2||27029.33|
|Daily Pivot Point S3||26734.67|
|Daily Pivot Point R1||27798.67|
|Daily Pivot Point R2||28093.33|
|Daily Pivot Point R3||28330.67|
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.