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Helping sentiment on Wall Street, U.S. President Trump talked up chances of a China trade deal and Chinese officials hinted at more stimulus for their slowing economy. Data on Monday showed China’s exports unexpectedly fell the most in two years in December, while imports also contracted sharply. “Any move to stabilize the global economy by the Chinese should be viewed positively by the U.S ferragamo cufflinks amazon. as well,” said Chris Zaccarelli, Chief Investment Officer, Independent Advisor Alliance in Charlotte, North Carolina..
A 6.5 percent gain in shares of Netflix (NFLX.O) after it said it was raising rates for its U.S. subscribers also lifted stocks ferragamo cufflinks amazon. JPMorgan Chase & Co (JPM.N)’s shares ended up slightly despite reporting a lower-than-expected rise in quarterly profit and revenue, hurt by weakness in bond trading. The Dow Jones Industrial Average .DJI rose 155.75 points, or 0.65 percent, to 24,065.59, the S&P 500 .SPX gained 27.69 points, or 1.07 percent, to 2,610.3 and the Nasdaq Composite .IXIC added 117.92 points, or 1.71 percent, to 7,023.83..
The pan-European STOXX 600 index rose 0.35 percent and MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.82 percent. Germany reported its weakest growth in five years, causing the euro to decline against the dollar. The euro EUR= was last down 0.57 percent, at $1.1409, while Europe’s broad FTSEurofirst 300 index .FTEU3 added 0.47 percent, to 1,373.38 ferragamo cufflinks amazon. In commodities, oil prices rose about 3 percent supported by China’s plan to introduce policies to stabilize a slowing economy. Brent crude LCOc1 rose $1.65, or 2.8 percent, to settle at $60.64 a barrel. U.S. crude futures CLc1 ended $1.60, or 3.2 percent, higher at $52.11 a barrel..
NEW YORK (Reuters) – U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s (NFLX.O) plans to raise fees for U.S. subscribers and hopes of more stimulus for China’s slowing economy fostered a risk-on mood among investors. Netflix shares jumped 6.5 percent after the video streaming company said it was raising prices for its U.S. subscribers. Other internet stocks, including shares of Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O), also rose following the announcement ferragamo cufflinks amazon.
The S&P 500 communication services index .SPLRCL, which includes Netflix and Alphabet, climbed 1.7 percent. S&P 500 technology stocks .SPLRCT advanced 1.5 percent. Stocks also found support from hints by Chinese officials at more stimulus in the near term, easing concerns about a slowdown in the world’s second-largest economy. “We’ve had good news today overall,” said J.J. Kinahan, chief market strategist at TD Ameritrade in Chicago ferragamo cufflinks amazon. “China is helping to defuse the daily emotional roller-coaster that is tariffs, and that Netflix thinks it can raise its subscription prices is also really good.”..