Wall Street shows recovery after the day of substantial losses


The stock exchanges in New York started trading with gains on Tuesday. This means a recovery on Wall Street after the major loss a day earlier. While fear of an escalating trade conflict between China and the United States still caused deep red price signs on Monday, the two superpowers now seem to be taking on a somewhat conciliatory tone.

Shortly after the opening bell, the Dow-Jones index was 0.4 percent in the plus at 25,417 points and the broader composite S&P 500 rose 0.5 percent to 2825 points. Nasdaq technology grant gained 0.6 percent on 7690 points.

US President Donald Trump said he signed a deal via Twitter when “the right time is there.” He also announced that he would speak to his Chinese counterpart Xi Jinping at the G20 summit in a few weeks. win-win situation is possible if “both sides are smart enough to meet each other’s requirements”.

On Monday, the most important stock market indicators in New York recorded their biggest losses in recent months. China put the word to the word and introduced new import levies in retaliation for the rates that the US introduced on Friday, which in turn may lead to an American counteraction.

The eyes of the companies are on Disney. The entertainment giant has signed a deal with cable company Comcast, which gives it full control over streaming service Hulu. Hulu is not well known in the Netherlands, but it is an established name in the United States. The streaming service scored especially with the hit series The Handmaid’s Tale. The Disney share rose 1.4 percent in the first minutes of trading.

By: Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com

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