MARKET SNAPSHOT: S&P 500 Jumps To Within 1% Of Record As Trump Tweets Plan For ‘extended Meeting’ With President Xi

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By Mark DeCambre, MarketWatch . Trump tweets plan for ‘extended meeting’ with Chinese President Xi . The Dow and S&P 500 on Tuesday finished at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart Xi Jinping.

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Economists had expected the rate to remain unchanged at the record low of 4.9 percent logged in each of. of the recent weak economic situation are becoming evident in the labor market, especially.

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New York : (CBS Marketwatch) : U.S. stock indexes headed sharply higher midday tuesday, pushing the broad-market S&P 500 to within 1% of a closing record as President Donald Trump tweeted that had a productive conversation with Chinese counterpart Xi Jinping.

It was last down 0.3% at $1.1078, helping lift the dollar index to 98.283 and off the week’s low of 97.033. Australia’s dollar rose for a second day as U.S. President Donald Trump said he had a phone call coming soon with China’s Xi Jinping, boosting optimism trade tensions between the two nations will ease.

The Dow Gains 354 Points Because a Trump Tweet and a Fed Meeting Means There’s Nothing to Worry About, Barron’s – Teresa Rivas S&P 500 jumps to within 1% of record as Trump tweets plan for ‘extended meeting’ with President Xi