US stocks rally on US-China trade truce

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday

STOCKS SURGE: Stock Market Sets NEW RECORD, Prices Jump After Trump, Xi Meeting

Those concerns prompted the Federal Reserve last month to declare its willingness to cut interest rates if the dispute hurts the USA economy.

The upbeat resolution to the long-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping, who agreed they would not impose new tariffs, left investors bullish on the very near-term outlook for equities.

The Nasdaq Composite also added gains on Tuesday, ending higher by 0.2% at 8,109.

Traders are waiting to see what will come from the latest truce in the U.S.

The Dow Jones Industrial Average rose 50.82 points, or 0.19%, to 26,837.5 and the S&P 500 gained 7.38 points, or 0.25%, to 2,980.39. A cut of at least a quarter percentage point is viewed as a certainty.

Twitter Erupts After Alyssa Naeher Saves The USWNT In World Cup Semifinal
White's comments on the strength Houghton showed in stepping to take the late penalty were supported by her manager. The U.S. women will play the victor of Wednesday's semifinal match between the Netherlands and Sweden on Sunday.


The development relieved some pressure on the market, though the trade war still looms over global economic growth. The Nasdaq rose 61.14 points, or 0.8%, to 8,170.23.

NEW YORK, July 3 ― US stocks managed modest gains yesterday after holding near the unchanged mark for much of the session as enthusiasm over the US-China trade truce faded after the United States threatened tariffs on additional European goods.

A broad mix of health care companies lifted that sector.

Among stocks, Symantec Corp surged 19.4% in premarket trading after sources told Reuters that chipmaker Broadcom Inc is in advanced talks to buy the cybersecurity firm. Microsoft and Apple were also making gains.

Tesla Inc TSLA.O rose 4.61% after the electric carmaker set a record for quarterly vehicle deliveries after months of questions about demand for its luxury electric cars. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

Bruce Linton stepping down as co-CEO of Canopy Growth
Earlier this year, Canopy also replaced long-term Chief Financial Officer Tim Saunders with a former Constellation executive. Rade Kovacevic, current head of Canadian operations and recreational strategy, will fill the role as president.


Cleveland Fed President Loretta Mester, a Federal Reserve policymaker, yesterday expressed skepticism that a U.S. interest rate cut is the right move until there are more signs the economy is moving to a truly weaker path.

Investors will be on the lookout for the government's closely watched monthly jobs report scheduled for Friday.

The central bank has already said it is prepared to cut rates to shore up the USA economy if trade disputes crimp growth.

Benchmark U.S. 10-year Treasury Note yields US10YT=RR touched its lowest since November 2016 at 1.939%, while euro zone yields tumbled to record lows on bets the European Central Bank's next chief would stay a dovish course. "The S&P 500 last week notched its first record close since April 30, while the Dow is off less than 1% short of its October 3 all-time closing peak", adds the website.

'Confiance sans précédent' entre les USA et la Corée du Nord - KCNA
Deux leaders immatures qui gèrent les affaires du monde comme un jeu de cour de récréation. Bush et Barack Obama s'étaient contentés d'une visite dans la zone démilitarisée.


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