Wall Street extends ascend to second day on upbeat mood

Wall Street extends ascend to second day on upbeat mood

On Monday, gains in consumer discretionary and technology stocks helped Wall Street to extend Friday's ascend, with the resumption of US-China trade negotiations soothing some of the worries that had impacted the market in the second half of the previous year.

The benchmark S&P 500's 1.3% surge contributed to a 3.4% leap on Friday, when firm American jobs data soothed fears over economic health and the Fed calmed nerves over interest rate lifts affecting economic surge.

Worries of a global deceleration have provoked a steep rebound in the markets for the last few months and in experts’ estimates for corporate surge. However, since reaching a 20-month minimum on Christmas Eve just a rounding error from levels associated with a bear market, the S&P has headed north more than 9%.

China’s foreign ministry told that the Asian country is all geared towards resolving trade clashes with America. On the contrary, US Commerce Secretary Wilbur Ross told he sees a really good chance that the opponents will finally get a reasonable settlement.

10 of the 11 key S&P sectors managed to ascend. The biggest profit was reported by the consumer discretionary index that tacked on by 2.74%, led by profits in Amazon.com Inc as well as Netflix Inc.

As for energy stocks SPNY, they tacked on by 2% due to the fact that crude prices went up by approximately 3% on support from OPEC production cuts.

The technology sector SPLRCT managed to surge by 1.47%. In addition to this, the Philadelphia Semiconductor index, made up of numerous companies dependent on China for revenue, tacked on by 2.76%.

ET, the Dow Jones Industrial Average rallied by 1.02% being worth 23,673.06. As for the S&P 500, it surged by up to 1.33% hitting 2,565.61.


Latest news

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

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