Market Snapshot: S&P 500 jumps to within 1% of record as Trump tweets plan for ‘extended meeting’ with President Xi [MarketWatch]
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Source: MarketWatch
S&P 500 jumps to within 1% of record as Trump tweets plan for ‘extended meeting’ with President Xi U.S. stock indexes headed sharply higher midday Tuesday, pushing the broad-market S&P 500 to within 1% of a closing record as President Donald Trump tweeted that had a productive conversation with Chinese counterpart Xi Jinping. The Dow Jones Industrial Average DJIA, +1.21% rose 330 points, or 1.3%, at 26,444, the S&P 500 index SPX, +1.03% advanced 31 points, or 1.1%, at 2,920, while Nasdaq Composite Index COMP, +1.50% climbed 121 points, or 1.6%, at 7,966. The day’s gains put the S&P 500 about 0.9% from its April 30 closing record, the Dow was about 1.4% from its Oct. 3 peak, while the Nasdaq was just a little over 2% from its May 3 closing record, according to FactSet data. U.S. President Donald Trump on Tuesday said over Twitter that there will be an “ extended meeting” with President Xi Jinping of China at the Group of 20 meeting in Japan. Reports from Bloomberg News also co
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