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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.



Reuters Company NewsJun 18, 2019
Japanese stocks slide, trade subdued as investors await Fed meeting
Japan's Nikkei dropped to a 1-1/2-week low in choppy trade on Tuesday but most investors stayed on the sidelines ahead of a U.S. central bank policy decision later in the week.

Google Business NewsJun 18, 2019
Beyond Meat stock briefly trades above $200 after soaring 18% - CNBC
Beyond Meat stock briefly trades above $200 after soaring 18%  CNBCBeyond Meat extends its post-IPO tear to 550% after report of new 'ground beef' product (BYND)  Business InsiderWhite Castle and Red Robin Run Low on Impossible Burgers  EaterReviews: These 3 vegan restaurants in the Triangle go beyond the veggie burger  Raleigh News & ObserverHow to Profit as Plant-Based Meat Takes Off  TheStreet.comView full coverage on Google News

MarketWatch MarketPulseJun 18, 2019
Tempur Sealy shares climb 5% premarket after company unveils deals with Mattress Firm, Big Lots
Tempur Sealy International Inc.'s shares rose 5% in premarket trade Tuesday, after the mattress company said it has added two new retailers to its network and expanded its relationship with an existing one. The Lexington, Ky.-based company said it expects the new agreements too boost sales by more than $400 million on an annual run rate basis. It expects the sales lift to add $75 million to $100 million to annual adjusted EBITDA from 2020. The new retailers are Mattress Firm Inc., which will reintroduce Tempur-Pedic, Stearns & Foster and Sealy branded products at about 2,500 stores across the U.S. That deal is expected to start in the fourth quarter and to be completed early in the first quarter of 2020. The second retailers is Big Lots Inc., which has 1,400 stores in the U.S. The company is extending its agreement with Beter Bed Holding, a European retailer. Tempur Sealy shares have gained 63% in 2019, while the S&P 500 has gained 15%.

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.


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