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Barchart
Barchart
Rich Asplund

Stocks Supported by Hopes of US-China Trade Talks and a Buoyant US Labor Market

United States China Nasdaq SP China Commerce Ministry Apple

The S&P 500 Index ($SPX) (SPY) today is up +1.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.00%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.30%.  June E-mini S&P futures (ESM25) are up +1.26%, and June E-mini Nasdaq futures (NQM25) are up +1.38%. 

Stock indexes today are trading higher, with the S&P 500 and the Dow Jones Industrials posting 1-month highs and the Nasdaq 100 posting a 5-week high.  Stocks are climbing today on a possible thaw in the US-China trade stalemate.  China’s Commerce Ministry is assessing the possibility of trade talks with the US.  Today, it said, “The US has recently sent messages to China through relevant parties, hoping to start trade talks with China, and we are currently evaluating this.” 

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