The three main U.S. stock indexes closed higher on Monday as investors looked ahead to the signing of the preliminary U.S.-China trade deal on Wednesday. Corporate earnings for the fourth quarter will also start to roll in this week.
Bond yields edged higher while a gauge of global equity markets hit a record high on Monday, lifted by optimism over the planned signing this week of a U.S.-China trade deal and hopes the start of the U.S. corporate earnings season will not disappoint.
- Stocks hit record ahead of U.S.-China trade deal, dollar gains (Reuters: Jan 13, 2020 at 8:20 PM)
Stocks closed higher Monday, with the Dow rising 83 points, the S&P 500 gaining 0.7$ and the Nasdaq Composite advancing 1%.
Apple rose 2.14% to close at a record high.
- Wall Street hits record, boosted by trade and earnings optimism (Reuters: Jan 13, 2020 at 7:41 PM)
HSBC strongly denies any connection.
Growth investors and investors with high risk tolerance may be interested in looking for high-growth, high-beta stocks.
Wall Street expects S&P 500 net income to fall 2.6% in the fourth quarter of 2019 from a year earlier. That would mark the fourth consecutive quarter of net income declines.
European shares fell on Monday as carmakers took a hit from a Chinese sales forecast while the London market outperformed after weak economic data raised expectations of a Bank of England rate cut.
Apple Inc, Facebook Inc, Netflix Inc , Microsoft Corp and Amazon.com Inc, which have powered the longest bull run in U.S. equities, were the top boosts to the main indexes.
India’s main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 China-US trade deal and strong results from IT bellwether Infosys Ltd helped boost sentiment.