US Markets Open Higher After Trump Seeks to Ease Trade War Tensions

August 26, 2019 Share Print 0

U.S. stocks opened higher on Monday, as President Donald Trump sought to ease trade tensions with China, calming investor nerves after intense feuding between the world’s top two economies last week sent stocks into a tailspin.

The Dow Jones Industrial Average .DJI rose 197.15 points, or 0.77%, at the open to 25,826.05. The S&P 500 .SPX opened higher by 19.59 points, or 0.69%, at 2,866.70. The Nasdaq Composite .IXIC gained 77.81 points, or 1%, to 7,829.58 at the opening bell.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.