Business Stocks hit record before signing U-China deal

Stocks hit record before signing U-China deal

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Press U. higher stocks Wednesday as investors monitored another batch of earnings corporate earnings and stayed with an early trade signature between the US and China to sign later in the day.

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"10:14 a.m. ET: S & amp; P 500, Dow hit highlights"data reactid =" 17 ">10:14 a.m. ET: S & P 500, Dow hit highlights

The three major stock index made a higher pressure on a half hour session to Wednesday. The Dow climbed back over 29,000 to the high account, and S&P 500's new record went into contact with a new record.

These are the main movements in markets, such as 10:14 a.m. ET:

  • S&P 500 (^ GSPC): + 0.33% or +10.93 points to 3,283.36

  • Dow (DJI): + 0.47% or +135 points to 29,074.67

  • Nasdaq (^ IXIC): + 0.36% or +33.22 and 9,284.55

  • Crude oil (CL = F): -0.43% or – $ 0.25 to $ 57.98 barrel

  • Gold (GC = F): + 0.33% or + $ 5.10 to $ 1,549.70 per ounce

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"10:00 a.m. ET: Kudlow says that more tax cuts are planned for 2020, CNBC reports"data reactid =" 27 "10:00 a.m. ET: Kudlow says that more tax cuts are planned for 2020, CNBC reports

Larry Kudlow, Director of the National Economic Council informs the councilor t President Donald Trump CNBC Wednesday that the White House plans to implement a plan for further tax reductions later this year. "data-reactid =" 28 "> Larry Kudlow, Director of the National Economic Council and the best economic adviser to President Donald Trump, told CNBC that the White House had planned to implement a plan for further tax reductions later this year.

The plan, entitled “Tax Cuts 2.0,” was designed to help middle-class economic growth, Kudlow said.

Members of the Trump administration swam the concept of a tax proposal to lower the “average class” rate since its tax reform law 2017. Kudlow revived the idea that further tax would be reduced in the middle of last year, saying at the time that the circumstances were just in preliminary stages.

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"9:32 a.m. ET: Open open stocks"data reactid =" 32 ">9:32 a.m. ET: Open open stocks

There was little change in stocks on the open market on Wednesday before the planned signing of a single phase phase of U.-China which was secured for 11:30 a.m. ET.

These are the main movements in the markets, as at 9:33 a.m. ET:

  • S&P 500 (^ GSPC): + 0.03% or +1.09 point to 3,284.24

  • Dow (DJI): -0.06% or -16.81 points to 28,922.86

  • Nasdaq (^ IXIC): + 0.24% or +20.53 points to 9,271.21

  • Crude oil (CL = F): -0.26% or – barrel $ 0.15 to $ 58.08

  • Gold (GC = F): + 0.6% or + $ 9.30 to $ 1,553.90 per ounce

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"8:34 a.m. ET: Goldman, BofA delivers mixed earnings results"data reactid =" 42 ">8:34 a.m. ET: Goldman, BofA delivers mixed earnings results

(bb) (0) – Mt (0) – sm Mt (0) – sm "type" text "content" "Goldman SachsGS) and American Bank () tBAC(b) whether the latest two banks to deliver fourth quarter results, JPMorgan Chase fruit results and strong performance from Citigroup were reported Tuesday. "data-reactid =" 43 "> Goldman Sachs (GS) and Bank of America (BAC) are the latest two banks that provided fourth quarter results, due to JPMorgan Chase record results and Citigroup reported strong performance Tuesday.

"(c)" – "Mt (0) – sm Mt (0.8em) – sm" type "text" content = "Goldman Sachs" overall income expectations but lost on fourth quarter profit, with bank costs rising due to litigation costs and investments in technology and its newer consumer banking unit. "data-reactid =" 44 "> Goldman Sachs added top to overall revenue prospects but lost a fourth quarter profit, with bank costs rising due to litigation costs and investments in technology and its newer consumer banking unit.

"(b)" canvas-usz-text-mb (1.0m) mb (0) – sm Mt (0.8em) – sm "type" text "content" profit stronger than expected, however, net income decreased in its main consumer banking unit during the year before the net interest income fell in a lower rate environment. The bank receives over 40% of its income from consumer banking. "Data-reactid =" 45 "> The US Bank exceeded expectations, but net income decreased in its main consumer banking unit during the previous year the net interest income fell t in a lower rate environment The bank receives over 40% of its income from consumer banking.

Goldman and BAC published revenue from fixed-income trade, which increased a trend seen by other large banks this week after stronger market activity at the end of last year compared to 2018. Bond trading income increased t Goldman Sachs 63% over the past year, and Bank of America raised 25%.

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"8:30 a.m. ET: Producer prices rise less than expected in December"data reactid =" 48 ">8:30 a.m. ET: Producer prices rise less than expected in December

Producer prices in the United States were relatively modest in December, rising by 0.1% for the month compared to an expected 0.2% increase, according to Bloomberg's agreed data. There was no change in producer prices in November.

Apart from more volatile food and energy prices, the Labor Department's producer price index rose by 0.1%, below the expected 0.2% increase. However, this was still an increase compared to the 0.2% decrease in this metric published in November.

Wednesday's PPI report details Tuesday showing only a small highlight in consumer prices in December, showing further inflation pressures.

</ p> (0) – Mt (0) – sm Mt (0.8em) – sm "type" text "content"7:36 a.m. ET: Mixed stock futures ahead of Chinese trade deal signing"data reactid =" 53 ">7:36 a.m. ET: Mixed stock futures ahead of Chinese trade deal signing

The future of stocks was mixed on Wednesday morning as investors were awaiting signature on a stage one trade agreement between the US and China.

The signing ceremony is expected to take place at the White House at 11:30 pm ET, with President Donald Trump signing the issue together with the Deputy Principal of China Liu He.

vas (0) (type em em em em em em em em em em em em em em em em em em em em em seo seo seo seo seo seo (This is after a report from Bloomberg Tuesday has the existing tariffs Chinese imports would continue to apply for at least the 2020 elections. 2020 elections.

In correspondence on the report, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer said that all aspects of the discussion would be made public on Wednesday, except a secret annex to detailed purchase amounts. There was no agreement in place regarding future tariff reductions, which they said in the statement.

These are the main movements during the pre-market session, such as 7:36 a.m. ET:

  • S&P Futures (ES = F): 3,288.75, down 1 point or 0.03%

  • Dowures in the future (YM = F): 28,892, up 21 points or 0.07%

  • Nasdaq futures (NQ = F): 9,081.25, down 7 points or 0.08%

  • Crude oil (CL = F): $ 58.45 per barrel, up $ 0.37 or 0.64%

  • Gold (GC = F): $ 1,543.20 per ounce, down $ 7.40 or 0.48%

Traders on the floor operate at the New York Stock Exchange (NYSE) in New York, US, 17 December, 2019. REUTERS / Brendan McDermid

Traders on the floor operate at the New York Stock Exchange (NYSE) in New York, US, 17 December, 2019. REUTERS / Brendan McDermid

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