market u.s: Meanwhile, the S&P 500 index SPX, 0.03% lost less than a point, or 0.01%, to 2,978.43, and the Nasdaq Composite Index COMP, -0.04% shed 15.64 points, or 0.2%, to 8,087.44, according to Market Watch. At session highs, the Dow rose 103.37 points, or 0.4%, the S&P was up 9.36 points, also 0.3% and the Nasdaq added 48.2 points, or 0.6%. What's driving the market U.S. stocks saw choppy trade Monday as investors weighed Beijing and Washington's plan to renew talks next month, and as investors anticipated stimulus from global central banks. How are the major benchmarks performing The Dow Jones Industrial Average DJIA, 0.28% rose 38.05 points, or 0.1%, to 26,835.51, recording its fourth straight gain, matching a similar win streak ended July 15. There's a belief that there will be a meeting between the U.S. and China sometime in October, though we don't have a date or agenda yet, Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research told Market Watch. He said that while hopes for further monetary stimulus may be boosting confidence among some investors, but the fact that we're this close to an all time high puts us in a dangerous situation and makes the market vulnerable to a pullback. It's a fairly thin proposition, Frederick said, adding that given the apparent differences in negotiating positions between the U.S. and China, I'm having a difficult time imagining a real trade agreement.
(news.financializer.com). As
reported in the news.
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