AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)
Markets

US stocks gain on China trade deal hopes

NEW YORK: Wall Street stocks rose for a second straight session Wednesday as investors greeted positive signs on US-
Published February 13, 2019

NEW YORK: Wall Street stocks rose for a second straight session Wednesday as investors greeted positive signs on US-China trade talks and higher oil prices lifted petroleum-linked equities.

The Dow Jones Industrial Average finished up 0.5 percent at 25,543.27.

The broad-based S&P 500 advanced 0.3 percent to close at 2,753.03, while the tech-rich Nasdaq Composite Index edged up less than 0.1 percent to 7,420.38.

Markets are betting that talks this week in Beijing between top US and Chinese officials will help avert new US tariff actions scheduled for March 1.

On Tuesday, President Donald Trump said the he would consider delaying the tariffs if a deal is close.

A report in the South China Morning Post said Xi would personally meet the US delegation in Beijing, suggesting a redoubled effort to make progress on a deal.

Meanwhile, petroleum-linked shares were especially strong, with Dow member Exxon Mobil winning 1.1 percent and Apache adding 3.8 percent after data showing lower OPEC output boosted oil prices.

Teva Pharmaceutical Industries fell 7.8 percent as it said 2019 would be "the trough for our business" and reported a $2.4 billion loss for 2018 amid generic drug pricing pressure in the United States.

Hotel giant Hilton Worldwide jumped 6.5 percent as it projected 2019 profit of between $895 million and $931 million, compared with $764 million last year.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed.