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Illustration of Michael George Haddad
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Hope up. The three major US stock indices showed a sharp rise in the early afternoon, optimistic about the conclusion of a trade agreement between China and China as China took measures to boost its economy and that the Germany was considering stimulus measures.
the
Dow Jones Industrial Average
was 266 points, or 1%. the
S & P 500
was up 1.2% and the
Nasdaq Composite
gained 1.5%.
Midday move
Estee Lauder
(symbol: EL) was up 10.1% after the cosmetics maker beat analyst estimates for the fourth quarter of its fiscal year and raised its guidance.
Wynn Resorts
(WYNN) grew by 7.1% on the optimism of the commercial discussions and Nomura estimates that Macau's gaming revenue rose last week despite protests in Hong Kong.
Nvidia
(NVDA) gained 5.8% after the chip company reported working with
Microsoft
(MSFT) to deploy a free update that would improve visuals for Minecraft players.
Tapestry
(TPR) rose 5.8% as shares of brands owned by Coach and Kate Spade rebounded after reaching their lowest level in years, optimistic and upbeat, and hoping that Kate Spade's weakness subside.
Amgen
(AMGN) fell by 1% after the reduction of the purchase price to neutral to Mizuho Securities because of concerns about the assessment.
Write to Ben Walsh at [email protected]
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