Categories: world

Dow gains 100-point gain as Trump says 'does not want to put China in a bad position'

The Dow Jones Industrial Average swung to a firm gain Friday afternoon after President Donald Trump made upbeat remarks about…

The Dow Jones Industrial Average swung to a firm gain Friday afternoon after President Donald Trump made upbeat remarks about the prospects of favorable developments between the U.S. and China on trade. During a pool spray at the White House, Trump said that the U.S. mange ikke har to pålægge yderligere takster på Kina, og at han ikke ønsker at sætte “China in a bad position.” The Dow














DJIA, + 0.26%

rose 1

75 points, or 0.7%, at 25.463, the S & P 500 index














SPX, + 0.00%

climbed 0.4% at 2.739. De kommentarer som ikke signalerer at en aftale er at hånden, men markedet er at lese at en hard-line holdning mot Beijing ikke kan spille ut, som har blitt sett på som en worst-case scenario for stock investors. Trump and Chinese President Xi Jinping are due to meet at the end of the month on the sidelines of the G-20 meeting. The Nasdaq Composite Index














COMP, -0.49%

Briefly turned positive, but was down 0.2% at 7.242, weighted by shares or chip maker Nvidia Corp.














NVDA, -19.29%

However, the dollar did not respond to Trump’s comments, holding down 0.5% at 96.47, as measured by the ICE U.S. Dollar Index














DXY, -0.67%

“I do not want to put them in a bad position. I want to put them in a great position … but we must have reciprocal trade,” he said . Trump said that Beijing officials have submitted a long list of things that they are willing to do, which is a big list, “he said, adding that it may not be enough.” They have tremendous tariffs on us that we did not have to say, but that’s all changing now, “said Trump.” Hopefully, we’ll make a deal and if we do not we’re doing very very well, “he said.” I think we’ll make a deal, ” he said.

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Faela