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Stocks rally as traders prepare for a slew of tech earnings



FILE PHOTO: Traders react at the closing bell on the floor of the New York Stock Exchange, (NYSE)  in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid/File Photo
PHOTO: Traders react at the closing bell on the floor of the NYSE
in New York


Stocks were mostly higher Tuesday with the Nasdaq briefly hitting
a record high ahead of a slew of tech earnings out this week. The
was largely unchanged against a basket of peers, and the Treasury
yield inched lower. 

Here’s the scoreboard:

Dow Jones industrial

 25,240.18 +195.89


 2,815.30 +8.32 (+0.30%)

  1. The Trump administration announced a
    $12 billion plan
    to aid farmers hit by its trade
    The program, which will be funded by
    the Department of Agriculture’s broad authority and two
    components of the farm bill, was rolled out amid rising
    frustrations among American farmers and ranchers.
  2. The Office of the US Trade Representative
    kicked off public hearings
    on pending tariffs against
    The 25% tariffs, which would target $16
    billion worth of goods, would be in addition to US duties on
    $34 billion worth of Chinese products enacted earlier this
  3. The Chinese yuan
    tumbled to a 13-month low
    The slide came
    after Beijing rolled out tax cuts and increased infrastructure
    spending, along with plans to inject $74 billion into the
    banking system through its medium-term lending
  4. Earnings season rolls on. Harley
     topped expectations
    for a sixth straight quarter
    , but the company reiterated
    warnings that
    Trump’s tariffs could squeeze its margins
    . Alphabet
    hit a record high after crushing analyst expectations after the
    bell on Monday —
    here’s a look at Wall Street is saying about it

And a look at the upcoming economic calendar:

  • President Donald Trump meets with European Commission
    President Jean-Claude Juncker.
  • Facebook, Amazon, and Twitter report earnings in the coming
  • US new home sales numbers are out.
  • Eurozone money supply data cross the wire.

See also:

Goldman Sachs breaks down the
damage a trade war could cause in the stock market and 2 ways
investors can protect themselves

No investment is safe as market
turbulence spikes to the highest since the financial crisis — and
Morgan Stanley says there’s only one solution

Citi has poached a Chase executive
to run its ‘Shark Tank’-type program that lets employees build
start-ups from within the company

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