Wall St. hits record ahead of “Phase One” accord signing ceremony

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Wall St. hits record ahead of “Phase One” accord signing ceremony

On Monday, the 13th of January 2020, all three key indices of Wall St. recorded robust gains, while making headway for the extra miles as usual, tech-heavy Nasdaq composite surged more than 1 per cent over the gains of the chipmakers’ stocks heavily exposed to China exports alongside a bolstered appearance of FAANG stocks, to propel the Wall St.

to another record closing high. In point of fact, on Monday’s (January 13th) Wall St., markets have opened higher in the US morning trading hours ahead of a US-China “Phase One” agreement on January 15th, while investors’ optimisms’ had skied up following US Chamber’s Vice President’s upbeat comments earlier in the day that the “Phase One” trade deal apparently had more to offer than initially thought.

Meanwhile, referring to a growing optimism on earnings’ season following an all-time-high record online sale during 2019’s holiday shopping, Longbow Asset Management in Tulsa, Oklahoma, Jake Dollarhide said on Monday’s (January 13th) Wall St.

wrap-up, “People are optimistic about earnings and they’re also relieved that the Iran situation last week didn’t end up being worse than it was, and people are happy that China and the U.S. are coming together to sign the Phase 1 trade deal.

There’s a lot to be optimistic about. ” Citing statistics, on Monday’s (January 13th) Wall St. wind down, S&P gained 0.70 per cent to 3,288.13, tech-heavy Nasdaq added 1.04 per cent to 9,273.93, while the trade-sensitive Dow rose by 0.29 per cent to 28,907.05, curtaining off the day just at a spitting distance to the 29,000 landmark.