Thursday, 14 November 2019
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S&P 500 ends around 1% of record after Trump touts U.S.-China trade meeting

U.S. stocks ended higher on Tuesday, after President Trump touted a positive phone call with his Chinese counterpart Xi Jinping about next week's trade meeting at the G-20 summit in Japan.

The Dow Jones Industrial Average rose 355 points, or 1.4%, to end around 26,466. The S&P 500 index was up almost 1% to finish near 2,918, while Nasdaq Composite Index climbed 1.4% to 7,954.

The S&P 500 ended the day close to 1% away from its all-time closing record. Trump said on Twitter that he will hold an "extended meeting" with President Xi at the G-20, with markets hoping that they can hash out a deal to avert further tariffs on Chinese imports. ECB President Mario Draghi also said on Tuesday that the euro-area central bank would keep its options open about cutting rates in the coming weeks.

Source : MarketWatch

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