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Barchart
Barchart
Rich Asplund

Stocks Climb on Trade Deal Optimism and Strong Q1 Earnings

Donald Trump United States Nasdaq SP US Federal Reserve Powell 3 the Dow Jones Industrials China GDP

The S&P 500 Index ($SPX) (SPY) today is up +1.82%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.13%.  June E-mini S&P futures (ESM25) are up +1.98%, and June E-mini Nasdaq futures (NQM25) are up +2.25%. 

Stock indexes today are sharply higher, recovering some of Monday’s plunge.  Stocks found support today on trade deal optimism after US trade negotiators said they have made “significant progress” toward a bilateral trade deal with India following talks between Vice President Vance and Indian Prime Minister Modi.  Also, stocks are seeing support after the 10-year T-note yield fell from a 1-week high and is down -2.7 bp to 4.383%.

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