The markets started the month on a strong note with the Dow rising more than 250 points after President Trump said trade talks with China’s President went well. Today’s gains come after investors capped off a volatile October in which equities sold off amid concerns about rising interest rates, trade tensions and slowing growth. In economic data, US weekly jobless claims fell to 214,000 while continuing claims remained at their lowest levels since 1973. And investors will watch closely tomorrow as the monthly jobs report gives a read on the health of the US jobs market. Unemployment is currently at a 49 year low. Here’s a look at how we finished the day on Wall Street:
DOW +264 at 25380
SP500 +28 at 2740
NASDAQ +128 at 7434
10 Year Treasury closed down 1.5 basis points to yield 3.14%
Oil prices closed -1.80 at 63.51 a barrel
Gold prices closed +20.30 at 1235.10 an ounce
In the days’ stock news:
- Consumer sentiment was lifted by better than forecast earnings from DowDuPont. Shares of the company rose over 8%.
- Tech giant Apple is set to report after the bell.