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Do Falls And Rises In The Stock Market Affect You?

Do Falls And Rises In The Stock Market Affect You?

Stocks rose Tuesday afternoon — the market’s third consecutive day of gains — on optimism that China and the United States are close to settling an economically damaging trade dispute.

U.S. Commerce Secretary Wilbur Ross predicted that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two biggest economies resumed talks looking to end their trade dispute.

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All three major equity indexes closed at or near 1 percent higher. The broad-based S&P 500 climbed to a three-week high.

Shares of industrial and transportation companies led key averages higher on hopes for an eventual Sino-American trade deal.

Crude oil prices are up seven days in a row on trade optimism and OPEC production cuts. The commodity jumped 2.41 percent to $49.69 per barrel.

Ticker Security Last Change %Chg
NUE NUCOR CORP 55.26 +1.84 +3.44%
UNP UNION PACIFIC CORPORATION 150.75 +12.10 +8.73%
APTV APTIV PLC 67.01 +3.44 +5.41%

Steel stocks were big winners, too, as President Trump has begun calling for a steel wall rather than a concrete wall along the southern border.

The president has shifted from calling for a concrete wall to focusing on a “steel barrier.”

Ticker Security Last Change %Chg
I:DJI DOW JONES AVERAGES 23787.45 +256.10 +1.09%
SP500 S&P 500 2574.41 +24.72 +0.97%
I:COMP NASDAQ COMPOSITE INDEX 6896.9984 +73.53 +1.08%

In Asian markets on Tuesday, China’s Shanghai Composite lost 0.3 percent, while  Hong Kong’s Hang Seng index rose 0.2 percent.

Japan’s Nikkei closed up 0.8 percent.

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In European trading, London’s FTSE gained 1 percent, Germany’s DAX rose 1 percent and France’s CAC added 1.5 percent.

 

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