U.S. stock indexes headed sharply higher tuesday afternoon, pushing the broad-market S&P 500 to within 1% of a closing record as president donald trump tweeted that had a productive conversation.
Trump Tweets Cause S&P 500 to Jump to Within 1% of Record High president trump tweeted plans for an ‘extended meeting’ with the President of China, President Xi Jinping. Bloomberg News confirmed the plans for the two leaders to meet during the Group of 20 meeting in Japan.
The Shanghai Composite rose to an eight-month high. "Global Stocks Pushed Higher by Tariff Delay" at 0537 ET, incorrectly stated it rose to a 34-month high in the fourth paragraph. (Feb. 25, 2019.
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NewsWatch: S&P 500 jumps to within 1% of record as Trump tweets plan for ‘extended meeting’ with President Xi. MarketWatch; Posted on June 18, 2019
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The Federal Reserve’s policy-setting meeting is set to start later this morning U.S. stock indexes headed sharply higher Tuesday afternoon, pushing the broad-market S&P 500 to within 1% of a closing.
The S&P 500 closed within 1% of its record close on April 30 at 2.945.83; Trump’s tweet of a productive conversation with China’s Xi Jinping helped to juice stocks
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Some traders say if that’s not the case, there could be an even more adverse reaction in the stock market. Just after noon, Trump held out some hope by saying he had received a letter from China’s.
It was last down 0.3% at $1.1078, helping lift the dollar index to 98.283 and off the week’s low of 97.033. Australia’s dollar rose for a second day as U.S. President Donald Trump said he had a phone call coming soon with China’s Xi Jinping, boosting optimism trade tensions between the two nations will ease.
U.S. stocks on Tuesday are set to extend the previous session’s gains ahead of the start of the Federal Reserve’s two-day policy meeting.