Dow Spikes Suddenly as Trump Team Schemes to Salvage China Deal

2019-5-16 23:09

By CCN: The Dow and broader U. S. stock market erased early losses Wednesday amid reports that the Trump administration was planning to send an envoy to Beijing to resume high-stakes trade negotiations.

Dow Makes Surprise Recovery; S&P 500, Nasdaq Follow All of Wall Street’s major indexes turned positive in afternoon trading, erasing a volatile pre-market for Dow futures. The Dow Jones Industrial Average gained 115. 97 points, or 0. 5%, to 25,648. 02. The blue-chip index was down by as much as 91 points earlier in the day. The broad S&P 500 Index of large-cap stocks climbed 0. 6% to close at 2,850. 96. Most

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