The markets have been on fire in 2019, according to FOX Business’ Gerri Wilis. The Dow is up 22 percent, S&P is up 28.5 percent, the Nasdaq is up 34.8 percent as the markets close for Christmas.
U.S. equity futures are pointing to a higher open when trading resumes on Thursday, following the Christmas Day holiday.
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The three major futures indexes are indicating a gain of 0.1 percent.
U.S. stocks edged lower Tuesday, drifting slightly from their records, in a muted trading session ahead of the Christmas holiday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 28515.45 | -36.08 | -0.13% |
| SP500 | S&P 500 | 3223.38 | -0.63 | -0.02% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8952.88396 | +7.24 | +0.08% |
Chinese markets surged on Thursday after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks.
The Shanghai Composite index jumped 0.9 percent. Japan’s Nikkei advanced 0.6 percent.
CHINA’S NOVEMBER SOYBEAN IMPORTS ROSE AFTER US TRADE DEAL
Markets were closed in Europe and Hong Kong.
World markets have rallied since President Donald Trump said earlier this week that a trade deal with China was ready for signing. Chinese officials have confirmed that the two sides are in close contact on their so-called Phase 1 agreement to help ease friction over Beijing’s technology ambitions and other trade issues.Earlier this week,
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China announced it was slashing tariffs on 850 types of products as part of its efforts to improve the quality of its trade and meet demand for scarce items such as pork, which is in short supply due to outbreaks of African swine fever that have devastated its hog industry.
The Associated Press contributed to this article.
