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Stocks stage comeback amid hope for US-China trade talks



Trump Xi trade war
President Donald Trump, left, and Chinese President Xi Jinping
arrive for a meeting on the sidelines of the G-20 Summit in
Hamburg, Germany.


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

 25,418.10 +111.27


 2,816.67 14.07

 7,671.79 +41.78

  1. Facebook
    said it uncovered and deleted a group of accounts attempting to
    influence the November midterm elections through
    a coordinated disinformation campaign
    findings resemble those related to Russian efforts to influence
    the 2016 election, the social media giant said. 
  2. 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.
  3. 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.
  4. American workers saw the
    largest pay raises
    in nearly a decade in the year up to
    The employment-cost index rose 2.8% last month
    from a year earlier, the Labor Department said, the most since
    September 2008. 
  5. 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


And a look at the upcoming economic calendar:

  • The Federal Reserve announces its rate decision.
  • Tesla, Volkswagen and BMW report earnings.

See also:

MORGAN STANLEY: The stock market is heading for its biggest
sell-off of the year — here’s how to protect yourself

America’s housing market is raising a ‘large red flag’ for the

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