Walser Wealth Management CEO Rebecca Walser discusses the positive impacts a possible trade deal with China would bring to the U.S. economy.
U.S. equity futures are pointing to a higher open to start the new trading week after Washington and Beijing announced a truce on tariff hikes in a trade war.
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The three major futures indexes are indicating a modest 0.1 percent rise.
The U.S. bond market is closed for Columbus Day.
President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing’s trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26816.59 | +319.92 | +1.21% |
| SP500 | S&P 500 | 2970.27 | +32.14 | +1.09% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8057.038617 | +106.26 | +1.34% |
On Wall Street, the benchmark Standard & Poor’s 500 Index ended Friday with its first weekly gain in four weeks.
The S&P 500 added 1.1 percent, the Dow Jones Industrial Average rose 1.2 percent and the Nasdaq gained 1.3 percent.
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Also Monday, China reported exports to the United States fell 17.8 percent in September from a year earlier to $36.5 billion. Imports of American goods sank 20.6 percent to $10.6 billion.
China’s global exports fell 1.4 percent to $218.1 billion. Imports fell 5.8 percent to $178.5 billion.
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In Asian markets, China’s Shanghai Composite 1.1 percent and Hong Kong’s Hang Seng advanced 0.9 percent. Markets in Japan were closed for a holiday.
The Associated Press contributed to this article.
