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Barchart
Barchart
Rich Asplund

Stocks Supported by Trade Hopes and Earnings Optimism

Nasdaq United States Donald Trump China Barclays

The S&P 500 Index ($SPX) (SPY) today is up +1.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.29%.  December E-mini S&P futures (ESZ25) are up +1.01%, and December E-mini Nasdaq futures (NQZ25) are up +1.31%.

Stock index futures are climbing today and adding to last Friday’s gains, with the S&P 500 and Nasdaq 100 posting 1-week highs.  Market sentiment has improved as US-China trade tensions eased after President Trump on Sunday said that “I think we’re going to be fine with China.”  Stocks are also seeing support from optimism that Q3 earnings results will continue to surprise to the upside.

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