Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
The Dow Jones Today Could Soar up to 300 Points on a Trade Breakthrough with China
https://moneymorning.com/?p=1124998
Required Please enter the correct value.
Twitter
Stocks: CGC, FAST, GM, TLRY, WEN

The Dow Jones Today Could Soar up to 300 Points on a Trade Breakthrough with China

By Garrett Baldwin, Executive Producer, Money Morning • October 11, 2019

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

The Dow Jones today is pointed high as markets anticipate a limited trade deal between the United States and China. Tech and banking stocks rallied in pre-market hours as investors poured back into the market with renewed hope. More on this below.

Plus: I have the latest on the General Motors Co. (NYSE: GM) strike. It's not good.

First, here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 26,496.67 +150.66 +0.57
S&P 500 2,938.13 +18.73 +0.64
Nasdaq 7,950.78 +47.04 +0.60

We’re giving away a stock pick we usually reserve for premium subscribers ONLY – but today it’s yours for FREE. Click here to get it.

Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

The Top Stock Market Stories for Friday

  • This morning, investors are cheering the probability of a limited trade deal between the United States and China. U.S. President Donald Trump told reporters yesterday that negotiations between the two nations were going "really well." Trump is set to meet with Chinese Vice Premier Liu He later this afternoon. Trump's statements came shortly after China announced that financial firms entering the nation no longer require a Chinese investor. Both sides are also expected to avoid raising tariffs on one another in the weeks ahead.

History in the Making: Capitol Hill has opened doors to the pre-IPO market - now, every American has access to the trend that put airplanes in the sky and light bulbs in every home... [Read the full story.]

  • Oil prices kicked higher again today after an uptick in geopolitical tensions - once again. Iran's state media announced that one of the nation's tankers was struck by missiles in the Red Sea. The attacked happened about 60 miles away from Jeddah, Saudi Arabia. WTI crude oil gained 1.5%, while Brent added 1.4% and was flirting with $60 per barrel.
  • Finally, it's crunch time in Europe. The United Kingdom and the European Union have agreed to intensify discussions in order to move toward a deal on the Brexit. The two sides will accelerate the pace of discussions ahead of the Oct. 31 deadline. That is the day that England is set to depart the world's largest economic bloc. However, the country has as much of a plan today as it did when voters elected to depart the EU years ago. The two sides are attempting to resolve issues like a hard border on the island of Ireland and how to address capital flows between the two sides after the departure.

Stocks to Watch Today: GM, CGC, TLRY, WEN

  • General Motors Co. (NYSE: GM) is still negotiating with the United Auto Workers to resolve a strike that has crippled the firm for weeks. GM is losing roughly $50 million to $100 million per day, and the strike has dramatically impacted the company's supply chain. The strike has fueled thousands of layoffs around the country while the two sides attempt to find a resolution in their "around the clock" negotiations.
  • Shares of Canopy Growth Corp.Ā (NYSE: CGC) and Tilray Inc. (NASDAQ: TLRY) are all under pressure after investment bank Jeffries slashed the price targets for marijuana stocks by an average of 50%. The bank worried about profitability at some of the world's top cannabis companies. Shares of TLRY stock were off 13.5% Thursday, while Canopy shares shed roughly 10.5%.
  • Shares of Wendy's Co.Ā (NASDAQ: WEN) popped more than 5.5% this morning after the company announced plans to expand its European operations and efforts to include breakfast.
  • Look for earnings reports this morning from Fastenal Co.Ā (NASDAQ: FAST) and Infosys Ltd. (NASDAQ: INFY) today.

America's Favorite Angel Investor Shows How Easy It Is for Anyone to Invest in Ground-Floor Startups

You've probably seen stories about this person or that person making an absolute fortune from some unknown startup suddenly becoming a household name... like Uber, Airbnb, SpaceX, or Bird.

Now, it's your turn.

Shark Tank's Robert Herjavec is showing how easy it is for anyone to turn as little as $50 into what can be life-changing windfalls... all from investing in startups.

Click here to learn more...

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz