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Dow Jones Industrial Average Surges 450 Points as Markets Hail Trade War Truce

The Dow Jones Industrial Average jumped 450 points in premarket trading after a purported "truce" in trade hostilities between China and the United States at the G-20 summit.

The White House announced it will delay a scheduled tariffs hike of $200 billion in Chinese goods that was set to take effect on January first.

China has agreed to not raise tariffs on U.S. goods at the New Year deadline as well.

Dow Jones

Dow Jones Industrial Average Jumps Over 200 Points After Strong Earnings Reports from General Motors, Facebook

The Dow Jones Industrial Average continued to ward off October's losses this morning as strong earnings results from General Motors (NYSE: GM) and Facebook (Nasdaq: FB) buoyed markets.

The Dow projected a 229-point gain on Wednesday, a morning after it surged more than 400 points.

Despite the gains, the S&P 500 is still down 7.9% in October, while the Dow is off 6%.

Dow Jones

Dow Jones Industrial Average Begins Week in the Red as Brexit Worries Reemerge

The Dow Jones Industrial Average fell 13 points in premarket trading this morning as investors monitored the impact of rising interest rates and ongoing geopolitical concerns around the globe.

Emerging concerns about the United Kingdom's departure from the European Union and international outcry over relations with Saudi Arabia overshadowed anticipation for a busy week of earnings reports.


Avoid Tesla Stock and Buy This Car Company Instead

Last month, Tesla Inc. CEO Elon Musk announced that the company's Los Angeles factory had managed to produce 5,000 Model 3 cars in five days.

In an email sent to Tesla employees the afternoon of the achievement, Musk stated that be believed Tesla has finally become a "real car company." Wall Street certainly agreed – following the news, Tesla stock shot up nearly 2% in premarket trading as investors poured money into what's widely been hailed as the car manufacturer of the future.

However, this attitude is missing the bigger picture - and the more substantial profits. That's why we're putting Tesla on the backburner and looking at another car company altogether...