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Wall Street in the green, encouraged by trade and quarterly results

2019-10-21T21:00:56.649Z

Wall Street in the green, encouraged by trade and quarterly results



New York (AFP)

The New York Stock Exchange finished higher on Monday, encouraged by comments on the Sino-US trade talks and corporate earnings season.

Its flagship index, the Dow Jones Industrial Average, rose 0.21% to 26,827.64 points.

The Nasdaq, with strong technological color, gained 0.91%, to 8,162.99 points.

The broad index S & P 500 has taken 0.69%, to 3,006.72 points, close to its record reached in late July.

The US Trade Representative confirmed Monday that the partial agreement with China would be ready to be signed next month in Chile on the sidelines of a summit of the Association of Pacific Rim Countries (APEC).

Robert Lighthizer, however, said that "there are still issues to be resolved."

Donald Trump added by saying again that "a complete agreement on the + phase 1+" could be signed in Chile.

China's chief negotiator, Liu He, told him Saturday that Beijing and Washington had made "substantial progress".

"Optimism is on the commercial front," says Adam Sarhan of 50 Park Investment.

The market was also confident in the quarterly results of listed groups on Wall Street, while 15% of S & P 500 companies have already done so.

US oil services group Halliburton, which reported Monday a profit sharply lower in the third quarter, said it wants to reduce costs. Its title climbed 6.40%.

Among the big names of the rating, McDonald's will publish its quarterly results Tuesday, Caterpillar, Boeing and Microsoft Wednesday and Amazon Thursday.

In addition, Apple's stock rose 1.73% on Monday, reaching a new record at 240.51 dollars. The apple firm has risen 11% since the presentation of its latest iPhone model in mid-September.

Boeing, under pressure after a new rebound in the crisis of the 737 MAX, continued its plunge started Friday losing 3.76% Monday.

In the bond market, the 10-year rate on US debt rose sharply to 1.801% around 20:30 GMT, against 1.754% at the last closing.

© 2019 AFP

Source: france24

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