Switzer on Saturday

The tide is turning for the better

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,403.28
41.03
0.16%
3.02%
S&P 500
2,926.46
1.88
0.06%
2.79%
NASDAQ
7,962.88
-10.51
-0.13%
2.72%
ASX 200
6,604.20
96.80
1.49%
1.24%
Data for week commencing 26 August 2019

The Dow has done what it did for most of the week, adding a few more points, when it put on over 700 points. The reason for it began Monday US time, and as usual nowadays, started with a tweet. This is how news services reported it:US President Donald Trump tweeted that China had called and wanted to restart trade talks. Reuters reported that Chinese Vice Premier Liu He, who has been leading the talks with Washington, said on Monday that China was willing to resolve the trade dispute through “calm” negotiations and opposed any increase in trade tensions.”

Unsurprisingly, US shares rebounded on hopes for a potential US-China trade truce and shares of tariff-affected companies lifted as a consequence, with the likes of Apple rising 1.9%, which fed into the rises of the major market indexes.