US shares rally on trade optimism

US shares rally on trade optimism

On Tuesday, American key indexes managed to jump more than 1%, in a broad-based ascend powered by a deal reached by US lawmakers to avert another partial US government shutdown as well as expectations that the US-China trade negotiations could end up in a long-awaited agreement.

However, it wasn’t clear, if US leader would accept the agreement as congressional aides told it didn’t come with the $5.7 billion he would like to have at hand for a border wall.

Even although US leader hasn't settled on an agreement, the way market participants are considering it is that it’s more positive than what they had on Monday, as some analysts explained.

On Monday, trade negotiations resumed and US Treasury Secretary Steven Mnuchin along with Trade Representative Robert Lighthizer came to Beijing on Tuesday to take part in high-level negotiations scheduled later this week.

The world's two leading economies are all geared up towards striking a deal before a March 1 deadline, exactly when extra American levies on China’s imports will come into effect.

Trade-sensitive industrials managed to rally by 1.3%, backed by Boeing, 3M, and  Caterpillar.

In addition to this, chipmakers, depending on China for a big chunk of their gains, tacked on too and pushed the Philadelphia chip index 1.86% up.

The broader technology sector headed north by 1.19%, backed by profits in Microsoft, Apple, and Intel.

As for the S&P 500 index, it’s nearly 7% away from its September 20 record maximum, underpinned by optimism on trade, a generally positive fourth-quarter earnings season as well as a dovish Federal Reserve.

ET, the Dow Jones Industrial Average tacked on by 1.11% concluding the trading session at 25,332.01. As for the S&P 500, it jumped by 1.09% hitting 2,739.33, while the Nasdaq Composite gained 1.32% demonstrating 7,404.68.


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

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

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