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Wall St. rallies on solid earnings, U.S.-China trade talks

Friday, August 17, 2018 | Tag Cloud Tags: , , , , , , , ,

(Worthy News) - U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.

Escalating tariff rhetoric cooled down on news that Beijing will send a delegation to Washington to help resolve the growing trade conflict between the world’s two largest economies.

“The market’s getting a boost with some prominent companies coming in with some decent earnings, such as Walmart,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “But I think this also shows the schizophrenic nature of the market when short-term market action is pegged so closely to trade wars and tariff talks, especially with China.” [ Source: Reuters (Read More...) ]

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Worthy Christian News » US News » Wall St. rallies on solid earnings, U.S.-China trade talks