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Dow closes higher as fuel deal with Larry Kudlow is optimistic by Investing.com




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Investing.com – The Dow closed higher on Tuesday as investors' concerns about the trade seemingly abated after US economic adviser Larry Kudlow let hope for an agreement with China.

The rose of about 0.44%. The increase of 0.33%, while the increase of 0.01%.

Wall Street rebounded after a Tuesday morning sale, while Kudlow said President Donald Trump felt "possible" that a trade deal could be reached with China, but stressed that Beijing should meet "certain conditions" on trade.

China's response to Trump's demands so far has been "disappointing" and "unsatisfactory," Kudlow added.

Uncertainty surrounding a potential trade deal weighed on sensitive segments of the market, as materials fell by more than 1%, led by DowDuPont (NYSE :), the Mosaic Nutrient Miner NYSE :), and the distributor. CF Industries fertilizer (NYSE :).

Trump told Wall Street Journal on Monday that it was "highly unlikely" that the US would delay raising tariffs on the $ 200 billion worth of Chinese goods from 10% to 25%, hoping that a meeting between Trump and Chinese President Xi Jinping at the upcoming G20 meeting would lead to a trade deal.

Technology-boosted Netflix (NASDAQ 🙂 gain pushing the market higher, after the streaming giant has announced its intention to venture deeper into content aimed at children, concluding a new deal for animate the popular books of Roald Dahl.

The communication services sector, which includes three of the four FANG shares, grew 0.6%.

Energy stocks held back gains in the overall market. However, oil prices have stagnated, as traders continue to weigh the figures of a record Saudi output compared to the prospect of large oil producers agreeing to cut production at a steady pace.

In a nervousness towards equities, investors turned to the defensive sectors of the market, pushing utilities and consumer staples up 1%.

On the economic front, the expectations of economists were below expectations in November, but they remained close to their records.

At company news, Vertex Pharmaceuticals (NASDAQ 🙂 jumped 5% after the drug's maker said its combined therapy produced lung function in patients with cystic fibrosis compared with those treated with a placebo.

Tesla (NASDAQ :), meanwhile, reduced its losses after denying a report that sales in China would have dropped 70 percent last month compared to the previous year.

Main winners and losers of the S & P 500 today:

Pacific Gas & Electric (NYSE :), Advanced Micro Devices (NASDAQ 🙂 and Vertex Pharmaceuticals (NASDAQ :)) were among the top winners of the S & P 500 for the session.

Aptiv (NYSE :), United Technologies (NYSE 🙂 and Huntington Ingalls Industries (NYSE 🙂 were among the worst in the S & P 500 session.

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