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MarketWatch MarketPulseJun 18, 2019
Dow surges 350 points as Trump tweets of 'extended meeting' with President Xi on trade
U.S. stocks took a fresh leg higher Tuesday morning after President Donald tweeted that he had a productive call| with Chinese President Xi Jinping related to tariffs. "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting." The Dow Jones Industrial Average rose 350 points, or 1.4%, at 26,465, the S&P 500 index climbed 1.3% at 2,927, while the Nasdaq Composite Index advanced 1.8% to 7,985. The two leaders are slated to meet at the sidelines of the Group of 20 meeting in Tokyo, where it is expected that they will talk about resolving the protracted Sino-American trade war that has roiled global stocks. Markets had already been buoyant at the open on remarks made by European Central Bank President Mario Draghi, who said further stimulus in Europe might be needed if the economy continues to show weakness and inflation doesn't regain its footing. Those comments come as the Federal Reserve is set to kick off a two-day policy meeting where investors hope a rate cut is hinted.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch Breaking NewsJun 18, 2019
Trump says he'll have 'extended meeting' with China's Xi at G-20 and stocks leap
Trump says he'll have 'extended meeting' with China's Xi at G-20 and stocks leap

Forbes HeadlinesJun 18, 2019
Alibaba's Hong Kong Listing May Spur A Wave Of Homecomings For China's Tech Firms
Chinese e-commerce giant Alibaba is moving ahead with its secondary share sale in Hong Kong, and more Chinese tech firms may also move closer to home markets amid escalating U.S.-China tensions.

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