Wall Street close: Benchmarks snap three-day losing streak


  • 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."

DJIA levels

DJIA

Overview
Today last price 27650
Today Daily Change 146.00
Today Daily Change % 0.53
Today daily open 27504
 
Trends
Daily SMA20 27862.25
Daily SMA50 27249.62
Daily SMA100 26912.77
Daily SMA200 26518.5
 
Levels
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

 

 

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