Tuesday, 15 October 2019
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Trade deal hopes lift Wall St for second straight session

U.S. stocks rose by about 1% for the second straight day on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector.

Wall Street™s main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.

A senior U.S. Chamber of Commerce official said U.S. and Chinese negotiators were working towards an œearly harvest of confidence-building agreements, including one to avoid currency manipulation.

Apple Inc (AAPL.O) rose 1.4%, lifting the technology sector .SPLCRT by 1%, after Longbow Research upgraded the company™s stock to œbuy, citing higher iPhone 11 demand.

At 11:31 a.m. ET the Dow Jones Industrial Average was up 224.93 points, or 0.85%, at 26,570.94, while the S&P 500 was up 26.44 points, or 0.91%, at 2,945.84. The Nasdaq Composite was up 71.85 points, or 0.91%, at 7,975.59.

Source : Reuters

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