Wall Street opens in green figures and the Dow rises 0.7%
The rise came after confusion over the continuity of the US trade deal. with China
On Tuesday, the main indicator for Wall Street, Dow Jones Industrials, rose 0.76% after confusion about the continuity of the US trade agreement. with China between President Donald Trump and his economic adviser Peter Navarro.
Half an hour after the start of operations on the New York Stock Exchange, the Dow Jones rose 107.43 points, to 26,222.39 whole, due to large corporations such as JPMorgan Chase (2.72%), Merck (1.75 %), Goldman Sachs (1.42%), Nike (1.51%) and Apple (1.34%).
Although the New York parquet was buoyant this morning, the Dow futures last night were not the best, dropping 400 points in electronic operations after Navarro said in an interview on Fox News that the trade agreement with China was “finished”.
The White House adviser confirmed that his comment “had nothing to do with the phase one trade agreement, which is still in force”, to which President Donald Trump reiterated that the pact signed on January 15 and that gave truce to the tariff war “is completely intact.”
Still, Trump says market action “seems to suggest that investors expect the economy to continue to improve in the coming months, although the country is likely to have temporary outbreaks or spikes of the virus.”
K.Villarroel
Source: bancaynegocios
