Octubre 24, 2020

Dow ends more than 200 points higher, roaring back from morning selloff

06 Abril 2018, 01:58 | Verda Sainz

Weekly June E-mini S&P 500 Index

E-mini S&P 500 Index

"There's no trade war here", he said.

U.S. stocks opened firmly higher on Thursday, extending a late-session rally from the prior session, as investors dialed back on fears that a trade spat between the U.S. and China will materialize.

But many investors hope that despite tough rhetoric, both sides will negotiate and avoid the most aggressive actions that would drag down economic growth.

The goods include soybeans, cars and orange juice. The AD line is also signalling potential bullish divergence while oversold indicators are starting to flash.

Conatus Pharmaceuticals Inc. (CNAT) shares sank 29% on a failed drug study (

About 15 minutes into today's trading, the Dow Jones Industrial Average stood at 24,426.81, up 0.7 per cent. Heating oil lost 2 cents to $1.98 a gallon.

US President Donald Trump on Saturday attacked Amazon for scamming the US Postal Service, adding the service loses "billions of dollars" delivering packages for the e-commerce giant.

"The market has stepped back. I get that. But don't overreact", Kudlow said on Fox Business. If things persist then we have another higher low on the S&P500 which points to more solid rising trend support.

"I'm not a fan of tariffs", he said, but added that they are "part of the process".

But investors seemed to reconsider, and White House officials cautioned that Wall Street shouldn't overreact to fears of a trade war.

"Zuckerberg is going to testify the Congress next week on the Facebook issues, so probably there's some bargain hunting in FANG space", said Brady.

Investors might feel a little less anxious about a possible trade war after they've overcome Wednesday morning's panic.

Volume on U.S. exchanges was 7.04 billion shares, compared with the 7.3 billion average for the last 20 trading days.

After steep drops right from premarket, Ford (F.N), General Motors (GM.N) and Tesla (TSLA.O) reversed course to trade higher by 0.7 percent to 4.7 percent. Hong Kong's Hang Seng edged 0.1 percent higher to 30,198.18 and the Shanghai Composite added 0.6 percent to 3,154.88. The shares of Micron and Advanced Micro Devices reported a price increase of 3.57% and 2.30%, respectively. It fell 458 a day earlier. It succeeded. In addition, all major US indexes face a tough road to recovery since they'll be without their most trusted safety net.

"It is still uncertain how this will play out", Julian Evans-Pritchard, an economist at Capital Economics, wrote in a research note Wednesday.

"In technology sector, you have some bear forces that work, you've an election year that's going to couple into regulation that wasn't really priced into the marketplace, especially in social media", said Matt Lloyd, chief investment strategist at Advisors Asset Management.

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