The Dow Was Up More Than 500 Points Before a Trade Deal Was Confirmed. It Closed Up Just 320 Points.
5:18 p.m. The U.S. and China reached “phase one” of a trade deal, but the market wasn’t sure what to make of it. The Dow Jones Industrial Average, which traded up more than 500 points, closed up 319.92 points, or 1.2%, at 26,816.59, while the S&P 500 advanced 1.1% to 2970.27, and the Nasdaq Composite gained 1.3% to 8057.04. 3:46 p.m. The Dow Jones Industrial Average finally traded with a 5-handle after President Donald Trump confirmed that the U.S. had reached a “phase one” trade deal with China—and then dropped back to where it had been trading.
Published:10/11/2019 4:37:31 PM