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Fri, Dec 6th, 2019
[[ timeframe ]] futures price quotes as of Fri, Dec 6th, 2019.
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Futures Market News and Commentary

Stocks Close Slightly Higher on Trade Optimism and Strong U.S. Economic Data

The S&P 500 Index ($SPX) on Thursday closed up +0.15%, the Dow Jones Industrials Index ($DOWI) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) closed up +0.14%.

U.S. stock indexes settled slightly higher Thursday on optimism that the U.S. and China will agree to a trade deal before the next round of U.S. tariffs are scheduled to take effect on Dec 15. China's Ministry of Commerce said Thursday that Chinese trade officials are in "close contact" with their U.S. counterparts on trade negotiations. However, there was no indication that a deal is close after a Dow Jones report Thursday said that the U.S. and China remain at odds over the value of Chinese farm purchases. Stocks added to their gains Thursday afternoon after President Trump said trade talks with China are "moving along well."

Thursday's U.S. economic data was supportive for stocks. Weekly initial unemployment claims unexpectedly fell -10,000 to a 7-1/2 month low of 203,000, showing a stronger labor market... Read more

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