Stocks opened higher Tuesday, with the Dow Jones Industrial Average up by triple digits, on optimism that China and the United States are close to settling an economically damaging trade dispute.
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U.S. Commerce Secretary Wilbur Ross predicted that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two biggest economies resumed talks looking to end their trade dispute.
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In Asian markets on Tuesday, China’s Shanghai Composite lost 0.3 percent, while Hong Kong’s Hang Seng index rose 0.2 percent.
Japan’s Nikkei closed up 0.8 percent.
In European trading, London’s FTSE gained 1 percent, Germany’s DAX rose 1 percent and France’s CAC added 1.5 percent.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 23693.67 | +162.32 | +0.69% |
| SP500 | S&P 500 | 2566.01 | +16.32 | +0.64% |
| I:COMP | NASDAQ COMPOSITE INDEX | 6863.9238 | +40.45 | +0.59% |
On Monday, stocks closed higher Monday, giving the major averages a second consecutive day of gains amid hopes that this week’s U.S.-China trade talks will produce a deal between the world’s two biggest economies.
Retailers helped lift the market on Monday. Dollar Tree shares jumped after activist investor Starboard Value, which is pushing the retailer to sell its Family Dollar business, bought a stake in the company.
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Mattel stock climbed after the toy company said it had a global licensing deal with South Korean boy band BTS.
