|Day's range||27,562.80 - 27,745.20|
|52-week range||21,712.53 - 28,174.97|
Stocks pared some of Wednesday’s gains as investors considered mixed commentary around U.S.-China trade prospects.
Top news and what to watch in the markets on Thursday, December 5, 2019.
The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. U.S. Treasury yields rose on reports indicating a resilient economy, including a fall in weekly jobless claims and a decline in the U.S. trade deficit, which suggested trade could contribute to growth in the fourth quarter.
Investing.com – Wall Street was flat on Thursday as upbeat jobs data and optimism over trade failed to make any material impact.
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out. European stocks rallied, with the blue-chip Euro STOXX 50 , Germany's DAX and French CAC 40 gaining more than 1%. The dollar slumped against the euro after the Institute for Supply Management (ISM) reported activity in the U.S. services sector slowed more than expected in November amid lingering concerns about trade tensions and worker shortages.
Investing.com - Rising oil prices boosted energy stocks, and hopes yet again that a phase one trade deal will finally be struck between the United States and China lifted the rest of the stock market on Wednesday.
Investing.com – Wall Street surged on Wednesday as investors snapped back from a trade-driven sell-off on reports that the U.S. and China are still closing in on a 'phase-one' deal, despite all appearances to the contrary.
Based on the early price action and the current price at 27436, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Wednesday is likely to be determined by trader reaction to the 50% levels 27522 and 27393.
Investing.com – Comments by US President Donald Trump kept the ongoing US-China trade war as a focal point in Asia on Wednesday morning, sending markets down across the board with Australia leading the way.
President Trump's latest comments on the trade war front should serve up a valuable lesson to investors.
Investing.com – Stocks took a dive on Tuesday for a third-straight day after President Donald Trump suggested there might not be a trade deal with China in 2019 and maybe not until after next year's election.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
French stocks were already under pressure after the US proposed $2.4bn of tariffs on French cheese, champagne, and handbags overnight.
Global markets are mixed following a series of sentiment damaging blows. The U.S. market is down -0.75% and extending Monday losses in early Tuesday trading.
Investing.com – Wall Street tumbled on Tuesday after comments from U.S. President Donald Trump sparked fears that a trade deal with China will be delayed until after the 2020 U.S. presidential election..
Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom. Pan-region Euro Stoxx 50 futures were up 0.41% in early trades, while German DAX futures added 0.45% and FTSE futures gained 0.26%.