New NY Stock Market Highs Expectations to Relieve US-China Trade Friction
In the New York stock market on the 16th, the Dow Jones average price rose more than $ 200, hitting a new high as a result of buying orders due to expectations that trade friction between the United States and China would ease.
The Dow Jones Industrial Average closed the highest day at $ 29,297.64, up $ 267.42 from the previous day.
Following the signing of the first phase of the agreement by the U.S. and Chinese governments on the previous day, expectations for a reduction in trade friction have been widened, and financial institutions' financial results and retail business figures announced that day have been announced. Orders were placed due to strong performance.
According to market officials, "The US and China have reached the first-stage agreement and the results of the year-end sales last year were strong, indicating that consumer spending in the United States is firm and the economy is expected to continue expanding. With the backing of accommodative policies, there has been an easy flow of money into the stock market. "