Hot Topics :
Dow futures surge more than 250 points after Trump and Xi agree not to impose more tariffs

Dow futures surge more than 250 points after Trump and Xi agree not to impose more tariffs

by CNBC  |  Published on July 1, 2019

U.S. stock futures surged on Monday morning after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.

As of 5 a.m. ET Monday, Dow Jones Industrial Average futures indicated a gain of more than 260 points at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains.

“The markets appear to be content with the cooperative tone coming out of the meetings. To me, it felt like the contrarian play was to the upside post meetings,” said Dan Deming, managing director at KKM Financial. “There was a great deal of bearishness in sentiment headed into the meeting. Many market observers were discounting any change in the narrative, which made many believe the risk was to the downside.”

Those gains prime Wall Street to start the second half of the year with a bang following a big first half. The S&P 500 rallied more than 17% to start off 2019, notching its best first half in more than 20 years.

Subscribe to Veritas Updates

Get your daily dose of news & info from Veritas Updates

Sign up to Veritas Updates for FREE and receive our daily emails.

Veritas Updates – The Truth In News

In today’s world, you need a news source you can TRUST from the vantage point of the Deplorables. Real Americans with Real and Unfiltered thoughts and opinions. Join the over 500,000 Americans who receive our daily dose of NEWS THEY CAN TRUST delivered right to your inbox. Sign up to receive nothing but the TRUTH IN NEWS from Veritas Updates.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.