Markets approached record highs this week. Will they keep climbing? by skleb1234
Share to linkedinFor the first time since the U.S.-China trade war started in July 2018, both sides have made gestures of goodwill ahead of October negotiations, helping calm investor fears and boost the market to near-record highs this week.
The Dow Jones Industrial Average was on a tear this week, rising by 1.3% since Monday. It is now just 0.5% off from its record closing high of 27,359.The S&P 500 rose by 0.6% this week, just 0.6% off from its closing high of 3,025. Treasury bond prices fell again this week, with the benchmark 10-year now yielding 1.9%—the most in a week since 2016.
For the first time since the trade war began, investors received good news on the trade front—as both the U.S. and China de-escalated tensions somewhat. First: China waived import tariffs on certain types of U.S. goods—including soy and pork, leading President Trump to delay his latest tariff hike on $250 billion worth of Chinese goods “
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