Morgan Stanley: Percent and Worries Negotiations

morgan stanley: The Philadelphia Semiconductor index jumped 2.43 percent and was on pace for its best day in just over three weeks. ; Nvidia Corp. rose 4.89 percent and paced the gains on the chip index as Morgan Stanley upgraded its shares to overweight from equal weight, according to The Japan Times. The report came on the heels of comments over the weekend by a top U.S. official that an agreement was still possible by the end of the year, dampening worries the negotiations could spill over into 2020. A Chinese state-backed tabloid said Beijing and Washington were very close to an initial pact, which lifted trade-sensitive semiconductor stocks, including Applied Materials Inc., up 4.18 percent and Lam Research Corp., which gained 2.68 percent. Trade is the fulcrum of investor emotions, said Sam Stovall, chief investment strategist at CFRA Research in New York. The Dow Jones Industrial Average rose 189.77 points, or 0.68 percent, to 28,065.39, the S&P 500 gained 23.29 points, or 0.75 percent, to 3,133.58 and the Nasdaq Composite added 112.60 points, or 1.32 percent, to 8,632.49. If they are feeling good that we will get some sort of an agreement then the market is up 100 points, if they are feeling the other way then the market is down 100 points. (news.financializer.com). As reported in the news.