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On Thursday, the American stock market, which started trading steeply lower on Wednesday, reversed and completed the trading session by more than 1%. It’s because market participants considered the fears of a trade war with China to be exaggerated, as USA Today informed.
The auctions were accompanied by increased volatility. The total change in the Dow Jones Industrial Average for the session exceeded 700 points: at the beginning of the session, it lost more than 510 points, but by the end it rose more than 200 points.
During the day, the Nasdaq Composite moved to the correction zone for the first time in two years, falling below the 200-day moving average.
The Dow Jones Industrial Average rose 0.96% by the end of the day, hitting 24264.30. The Standard & Poor's 500 inched up 1.16% and amounted to 2,622.69. The value of the Nasdaq Composite increased 100.83 1.45% being worth 7042.11.
On Wednesday, the Chinese authorities announced their plans to introduce 25% duties on 106 items of American goods exported to China, including such crucial export stuff as airplanes and soybeans. The decision was made in response to a plan published yesterday by the administration of the US President Donald Trump to impose a similar duty on about 1,300 Chinese exports worth $50 billion a year.
Market participants are assured that announcements of all new duties appear to be a sort of negotiating tactics of Washington and Beijing, but at the same time the coordination of much milder terms of cooperation takes place behind the scenes.
The rally affected literally all industries, although industrial companies with significant sales in China concluded the session in negative territory, including Boeing diving 1% and Deere sagging 2.9%.
Equities of Amazon.com Inc soared 1.3%, Apple added 1.9%, Alphabet ascended 1.2%.
On Tuesday, European equities jumped, led by financial institutions and pharmaceutical equities because market participants looked ahead to remarks from the Fed that could offer insight into the outlook for the US monetary policy…
On Tuesday, American futures managed to gain because expectations that China and America will have trade hostilities toned down brought the S&P and Nasdaq to all-time maximums…
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…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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