DJIA Futures Monday 11.25.19
S&P 500 Futures Monday 11.25.19
Nasdaq Composite Futures Monday 11.25.19
In a statement yesterday published by the state-run Global Times, the Chinese government announced that it will take an active role governing intellectual property rights, raising penalties for those who violate it. This was taken as encouraging news in the markets which, in addition to Saturday’s announcement by a US official that a phase one deal could happen this December, may have contributed to today’s stock market rally.
The Dow Jones rallied more than 190 points, advancing to a record close at 28,066.47. The S&P 500 and Nasdaq also hit all-time closing highs, closing at 3,133.64 and 8,632.49 respectively.
Traders await Federal Reserve Chairman Jerome Powell’s speech later today at the Greater Providence Chamber of Commerce Annual Dinner in Providence, Rhode Island. Tomorrow, major economic reports include international trade, new home sales, and consumer confidence.
To date, the trade war environment–in which billions in tariffs have been levied on both sides–has been a prominent factor behind the volatility that has been shaking up investor sentiment and the broader market. Should a phase one deal pull through, the stock market outlook for the remainder of 2019 may arguably be forecasted as positive.
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