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.
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.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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