NASDAQ

Today's data summary

Market closed
% change
+0.61%
Value
7472.41
Change
+45.46
As of 12:33 17 Feb 2019

Latest updates

Hold - Wall Street closes higher

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The main US stock indexes closed higher after investors were optimistic about the ongoing trade talks to resolve a bruising tariff dispute between the US and China.

President Donald Trump said talks with China "are going extremely well", and the US is closer than ever to having a "real" trade deal with Beijing.

Discussions between the world's largest economies will continue next week in Washington.

"Today's sentiment is mainly based on trade progress and the fact that we will see Chinese representatives in D.C., it seems like the talks are going to deliver results sooner-than-expected," said Edward Moya, market analyst at futures brokerage Oanda in New York.

The Dow Jones Industrial Average rose 444.04 points, or 1.75%, to 25,883.43. The S&P 500 gained 29.86 points, or 1.09%, to 2,775.59 and the Nasdaq Composite added 45.46 points, or 0.61%, to 7,472.41.

US stocks rise as trade talk optimism continues

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US stocks are higher, led by a bounce in bank shares, as investors were optimistic about trade talks to resolve a bruising tariff dispute between the US and China.

Talks between the world's largest economies will continue next week in Washington, with both sides saying this week's negotiations in Beijing made good progress.

"Trade talks have been completed in Beijing and the good news is that they are planning on having another round of negotiations in Washington next week," said Art Hogan, chief market strategist at National Securities.

"The market is predicated on a positive outcome from the trade negotiations."

The Dow Jones Industrial Average was up 232 points at 25,775, the S&P 500 was up 23 points at 2,768, and the Nasdaq Composite was up 40 points at 7,467.

Wall Street hit by grim retail sales data

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Wall Street's Dow Jones closed more than 100 points down after struggling to reverse early losses prompted by an unexpected drop in retail sales. Adding to the gloom, investors' hopes for progress at the US-China trade talks in Beijing were dampened.

The Dow Jones Industrial Average fell 103.88 points or 0.41% to 25,439.39, while the broader-based S&P 500 fell 7.3 points or 0.27% to 2,745.73.

However, the tech-heavy Nasdaq Composite gained 6.58 points or 0.09%, rising to 7,426.96.

Wall Street opens lower after weak retail sales data

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US stocks have opened lower after a surprise drop in retail sales in December suggested a sharp slowdown in economic activity at the end of 2018.

The Dow Jones Industrial Average fell 82.62 points, or 0.32%, to 25,460.65. The S&P 500 opened lower by 9.53 points, or 0.35%, at 2,743.50. The Nasdaq Composite dropped 30.13 points, or 0.41%, to 7,390.25.

US stocks end higher as trade talks progress

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Wall Street shares have closed higher amid investor optimism over hopes that the US and China can reach a trade deal.

At the same time, latest inflation figures suggested the Fed would hold interest rates steady in the near term.

The Dow Jones Industrial Average rose 117.51 points or 0.46% to 25,543.27, while the broader-based S&P 500 gained 8.3 points or 0.3%, rising to 2,753.03,

The tech-heavy Nasdaq Composite added 5.76 points or 0.08%, rising to 7,420.38.

Wall Street moves higher on trade optimism

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US stocks are extending a rally after rising expectations that the US and China could strike a deal during their trade talks, with sentiment buoyed by benign inflation data that did little to change the outlook on rates.

"So far, so good," US Treasury Secretary Steven Mnuchin said about the talks in Beijing, a day after President Donald Trump said he would be willing to let a 1 March deadline slide if the two countries were close to a deal.

"The market is taking into consideration the fact that they are talking and there's also the deal to avoid another possible government shutdown which is being viewed as a positive," said Robert Pavlik, chief investment strategist and senior portfolio manager, at SlateStone Wealth.

"Inflation is right in line with expectations... There is no need to bring the Fed into the picture now," Mr Pavlik added.

Wall Street boosted by trade hopes

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US stocks have closed higher after investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the US-China trade negotiations.

The Dow Jones Industrial Average rose 372.65 points, or 1.49% to 25,425.76, the S&P 500 gained 34.93 points, or 1.29%, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46% to 7,414.62.

Wall Street rises after tentative US government shutdown deal

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US stocks are higher, fuelled by a tentative deal reached by US lawmakers to avoid another partial government shutdown and optimism that the US and China could reach an agreement during their ongoing trade talks.

However, it was unclear if President Donald Trump would embrace the deal as congressional aides said it did not contain the $5.7bn he wants for his border wall.

"What investors are taking from this is that the government stays open, whether or not Trump signs on the deal is secondary," said Peter Cardillo, chief market economist at Spartan Capital Securities. "There is a lot of optimism around the trade talks and hopes for some kind of a deal in the making."

The Dow Jones Industrial Average was up 285 points at 25339. The S&P 500 was up 31 points at 2741 and the Nasdaq Composite was up 96 points at 7404.

Volatile trading on Wall St

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It's been a volatile day on Wall Street with shares eventually ending virtually unchanged, as concerns about a possible deadlock over border security spurred fears of another government shutdown, while economists warned earnings estimates will be down this year.

The Dow Jones Industrial Average fell 53.22 points, or 0.21% to 25,053.11, the S&P 500 gained 1.92 points, or 0.07% to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13% to 7,307.91.

Wall Street opens higher

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Wall Street shares have opened slightly higher, due to investor optimism as the latest round of trade talks between China and the US began in Beijing, and US lawmakers worked on a deal to hopefully avoid a second federal government shutdown.

The Dow Jones Industrial Average is now 74.3 points or 0.3% ahead to 25,180.66, led by United Technologies, which has risen 1.5% to $122.49. On Friday, Morgan Stanley said that its stock could improve sooner than expected.

The S&P 500 is flat - just 1.8 points or 0.1% higher to 2,707.88. New York-based cosmetics firm Coty leads the winners, jumping an epic 32.2% to $9.33. On Friday, Coty reported better-than-expected second quarter financial results.

And finally, the tech-heavy Nasdaq is now 44.3 points or 0.6% up to 7,342.48. Top of the winners is Electronic Arts, climbing 16% to $97.60 following a report from S&P Global Market Intelligence that its stock gained 16.9% in value in January.