Stocks Up on Positive News Out of ChinaPosted 11/04/2019 1:04PM CT |
It’s a happy Monday today as stock markets rallied up to record highs. The Nasdaq, Dow Jones, and S&P 500 were up .6%, .5% and .5% respectively, all record highs for each market. While most stocks traded on each exchange were up significantly, it was those who are Chinese based that fared the best following more positivity on the China-U.S. trade agreement front.
Wilbur Ross, the U.S. Commerce Secretary met with Chinese Premier Li Keqiang in Bankok on Monday and Ross brought positive news with him. Ross told Bloomberg that the U.S. intends on completing an initial trade agreement with China this month that would help ease tensions and restrictions on business with China. It would appear an end is in sight.