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Today's Commentary
 
Saturday, February 23, 2019


U.S. stock market enjoyed a positive session to help the major indexes cap off another weekly win. For most of the day buyers were in control thanks to upbeat trade buzz, with reports circulating about a potential March meeting between President Donald Trump and Chinese President Xi Jinping -- suggesting the March 1 tariff deadline could be extended. In addition, China has reportedly agreed to buy $1.2 trillion in U.S. goods. The Dow briefly pulled off its highs in afternoon trade, after the Trump administration noted there are important points that need ironed out before a trade deal can be signed, but rallied into the close. As such, the S&P 500 and Nasdaq both followed the Dow higher on the day and week, as the latter two indexes stretched their weekly win streaks to nine.    


 
 
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