Dow rises for second straight day as Wall Street cheers for possible US-China trade deal [CNBC]
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Source: CNBC
Dow rises for second straight day as Wall Street cheers for possible US-China trade deal show chapters 'We’re in for some rough sledding'—Watch three Wall Street experts explain where stocks are headed 2 Hours Ago | 02:41 Stocks rose on Wednesday as investors grew hopeful that Chinese and U.S. trade authorities would reach an agreement before a deadline in early March. The Dow Jones Industrial Average S&P 500 Nasdaq Composite Energy stocks got a boost from higher oil prices. The S&P 500 energy sector gained more than 1 percent, led by Newfield Exploration, Apache and Devon Energy, as West Texas Intermediate futures climbed 1.5 percent to $53.90. President Donald Trump open to postponing the current deadline of early March "Markets always assumed the March 1 trade deadline was flexible, but this just confirmed it," Tom Essaye, founder of The Sevens Report, wrote in a note. "Bottom line, the fundamentals are roughly balanced right now as there is optimism that a trade deal will get don
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