American equities start higher on US-China trade optimism

American equities start higher on US-China trade optimism

On Monday, American equities started higher because reports of planned trade negotiations between China and the United States raised expectations for a probable resolution to their trade conflict.

Lower-level trade negotiations are going to take place on August 22 and 23, just as fresh American duties on $16 billion of China’s products take effect, along with China’s retaliatory duties on an equal amount of American products.

Ten of the 11 key S&P sectors soared, with the industrial and materials sectors leading the pack. As a matter of fact, the utilities index SPLRCU turned out to be sluggish.

The equities of Boeing ascended by 0.9%, while Caterpillar managed to rally by 0.4%.

Low-level trade negotiations are coming across the market as China shows readiness to come to a compromise with America to have this trade issue resolved.

EDT the Dow Jones Industrial Average rallied by 0.35% reaching 25,759.62. As for the S&P 500, it tacked on by 0.16% showing 2,854.76. Additionally, the Nasdaq Composite slumped by 0.07% showing 7,810.56.

Nike soared by 1.8% and it turned out to be the top performer on the Dow, right after two brokerages had their ratings on the stock raised.

Intel's equities went down by 1.2%, which is the most impressive outcome on the Dow.

Tesla sank by 3%. JPMorgan had its price target on Tesla stock reduced, telling that any deal to take the electric auto company private turned out to be less developed than it had earlier suggested.

The U.S.-listed equities of Soda Stream ascended by 9.6% right after PepsiCo told it would purchase the Israel-based household drink-machine manufacturer for $3.2 billion. The equities of PepsiCo rallied by 0.6%.

News Corp equities went down by 4.2%, with the most impressive losers amidst the S&P 500 components because Morgan Stanley had the equities of the Wall Street Journal owner downgraded.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera