The New York Stock Exchange rises over three major earthquakes in anticipation of the trade war



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[이코노믹리뷰=장영성 기자] The three main indices of the New York Stock Exchange climbed on news that the United States and China are resuming trade negotiations to avoid a large-scale trade war.

▲ The three main indices of the New York Stock Exchange announced the resumption of trade negotiations to avoid a large-scale trade war between the United States and China on March 31 (local time). On the New York Stock Exchange, the Dow Jones Industrial Average fell 0.4%, or 108.36 points, to close at 2.54 million, while Standard & Poor's (S & P) L & # 39; Standard & Poor's 500 index rose 13.69, or 13.69, to 2816.29, and the Nasdaq composite index, up sharply, rose 0.6%, or 41.78, to $ 7671.79.

The S & P 500 index and the Nasdaq rose respectively by 3.6% and 2.2%.

By industry, nine out of eleven industries increased and three fell. Consumer goods (0.44%), consumer discretionary (0.44%) and technology (0.29%) were the highest in the industry (2.12%). 39, real estate (1.89%), utilities He said. In contrast, telecommunications (0.77%), finance (0.68%) and energy (0.32%) declined.

Inventories increased 0.2% before publication of results. Twitter and Facebook shares also gained 1.56% and 0.89% respectively. Netflix also jumped 0.74%, while Google fell 0.23%.

The US pharmaceutical company Pfizer jumped 3.45% thanks to solid profits. Consumer goods maker Prochuck & Gamble (P & G) also posted a 0.8% gain following the announcement of a plan to increase product prices

The Three Key Indices of the New York Stock Exchange were considering trade negotiations between the United States and China.

The US-based economic news agency CNBC said Monday that US Treasury Secretary Stephen Mansushin and US Secretary of State Condoleezza Rice would be on the verge of "Chinese Vice Premier Liu Tsun would in talks to resume high-level talks. "If China wants to negotiate, we are ready to go ahead."

The Trump administration is expected to achieve $ 16 billion of $ 34 billion dollars at the beginning of the month, Investors in China have anticipated a reversal of news before the imposition of tariffs on Chinese imports.

The elected president of Mexico, Andres Manuel Lopez Obrador, believes that the renegotiation of the 39 North American Free Trade Agreement (NAFTA) with the United States will soon result in an agreement.

When the ministers of the economy and trade of major auto exporters such as the Korea, Japan, the EU, Canada and Mexico meet in Geneva that day and the United States imports 20% of tariffs for imported cars

The economic indicators released that day were good. The Commerce Department announced that personal consumption (PCE) spending in June increased 0.4% (seasonally adjusted) versus shipments. Consumer spending rose 0.5% in May, up from 0.2% in May, while the Wall Street Journal (WSJ) index was slightly lower than the 0.5% rise. Consumer spending in April was also revised from 0.5% to 0.6%

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