US stocks end higher as Trump says China wants deal

Monday, 21. October 2019 22:03

Investors bought into riskier assets on Monday on optimism largely driven by rising chances that the United Kingdom would avoid crashing out of the European Union. Information from talks with the administration in Brussels and the Brexit procedure in Parliament indicated the withdrawal would be arranged which means recession would be avoided. Furthermore, United States President Donald Trump lifted spirits by claiming China sent a statement that it wants a trade deal.

The Dow Jones Industrials closed 0.21% in the green, led by JPMorgan's 2.48% surge. The Nasdaq 100 index gained 0.91%. Vertex and Micron were at the top of the pile, surging 4.14% and 4.03%, respectively. The S&P 500, the widest of the three benchmarks, rallied 0.69%, where ConocoPhillips was the best stock, adding 3.73%. All of the said indicators are near record highs.

Gold retreated 0.42% to $1,484.16 per ounce. The euro slipped 0.19% to $1.11494, the pound was 0.14% lower at $1.29611 and the dollar rose 0.21% to ¥108.631.

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