|Day's range||7,440.26 - 7,477.28|
|52-week range||6,190.17 - 8,133.30|
Jeffrey Gundlach warns that buyers of December's low will accelerate selling when that buy goes underwater.
All three major stock indexes ended the day in the black, buoyed by hope that the U.S. and China are making progress in their trade talks. News that President Donald Trump declared a national emergency to get money for a border wall failed to derail the gains.
Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. The Dow Jones Industrial Average rose 443.86 points, or 1.74 percent, to 25,883.25, the S&P 500 gained 29.87 points, or 1.09 percent, to 2,775.6 and the Nasdaq Composite added 45.46 points, or 0.61 percent, to 7,472.41. China and the United States reached a consensus in principle on some key issues during the talks, China's state news agency Xinhua said on Friday.
STOCKSTOWATCHTODAY BLOG The Dow Jones Industrial Average is still heading higher, even though President Donald Trump declared a state of emergency. Optimism over trade is overshadowing domestic politics.
Lousy industrial production data? A state of emergency? The market cares not about these things as long as China and the U.S. are still talking trade.
Optimism over a possible trade deal between the U.S. and China has made investors forget about a possible “state of emergency” being declared.
Deere’s earnings fell short of forecasts. Trade conflicts are weighing on farmers minds, but U.S. and Chinese officials are still talking. Today, the Dow looks to make it seven straight winning weeks as investors move into the long weekend.
Wall Street notched its third straight week of gains on Friday, with the Nasdaq clawing out of a bear market, as US-China trade talks continued to buoy investor sentiment. The S&P swung 1.1 higher to 2,775.60, led by the financial sector, which rose 2 per cent. Energy, up 1.6 per cent, and healthcare, up 1.5 per cent, also saw strong gains. The Nasdaq Composite was up 0.6 per cent at 7,472.41, taking the index more than 20 per cent above its December 24 low, which some investors regard as marking an end of the tech-heavy index’s bear market late last year.