Finance
Stocks stage comeback amid hope for US-China trade talks
Stocks staged a comeback Tuesday after a three-session losing
streak amid optimism for cooling trade tensions between the US
and China and after a series of strong earnings reports.
The dollar rose,
and Treasury yields fell.
Here’s the scoreboard:
Dow Jones industrial
average:
25,418.10 +111.27
(+0.44%)
S&P
500:
2,816.67 14.07
(+0.50%)
Nasdaq
Composite: 7,671.79 +41.78
(+0.55%)
- Facebook
said it uncovered and deleted a group of accounts attempting to
influence the November midterm elections through
a coordinated disinformation campaign. The
findings resemble those related to Russian efforts to influence
the 2016 election, the social media giant said. - Washington and Beijing may be able to avoid further
trade escalations.
Bloomberg reported representatives of Treasury
Secretary Steve Mnuchin and Chinese Vice Premier Liu He are
working toward a restart in trade talks, according to two
people familiar with the matter. - Amid rising tensions between Tehran and Washington,
Iranian President Hassan Rouhani rebuffed President Donald
Trump’s suggestion to meet. After the two leaders
swapped a series of threats last week, Trump told reporters
Wednesday he would be willing to meet Rouhani anytime and
without preconditions. But Iranian officials said that would
not be “appropriate” at this point,
according to the Wall Street Journal. - American workers saw the
largest pay raises in nearly a decade in the year up to
June. The employment-cost index rose 2.8% last month
from a year earlier, the Labor Department said, the most since
September 2008. - Earnings season rolls on. Pfizer topped
estimates and
raised its forecast. Sony
and Nintendo
also beat. Apple
reports after the bell — follow Business Insider’s live updates
here.
And a look at the upcoming economic calendar:
- The Federal Reserve announces its rate decision.
- Tesla, Volkswagen and BMW report earnings.
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