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Home / Business / Dow rises to calming signs of Walmart and China by 100 points

Dow rises to calming signs of Walmart and China by 100 points



Walmart said his prospects for the remainder of 2019 had improved after Americans shopped more in US stores in the second quarter. With its vast network of thousands of stores, Walmart is a guarantor of consumer spending.

For investors who stand out from China as a threat. On Thursday, the Chinese Ministry of Finance announced "taking necessary countermeasures" after the United States announced a new 10 percent tariff on Chinese goods worth $ 300 billion earlier this month. China said the new tariffs had "seriously violated consensus," as Presidents Donald Trump and Xi Jinping agreed at the G20 meeting earlier this year.

Chinese Foreign Ministry spokeswoman Hua Chunying pledged in a press conference Thursday that investors were worried that China would remain confident that the United States and China would find "a mutually acceptable solution."

The Dow ( INDU ) scored 1
00 points. The S & P 500 ( SPX ) was 0.4% higher. The Nasdaq ( COMP ) a barometer for the technology industry, gained 0.4%. Tech companies would be particularly affected by an escalation of the trade war.
Despite a healthy US economy and relatively strong corporate earnings, three dark clouds over the US equity market have temporarily formed over the last year and a half: trade wars and ghostly warning signs on the bond market.

All three of these bad omens have now grown together.

Further signs of a slowdown in the global economy came on Thursday, when China, according to Bloomberg, injected $ 2.4 billion into Hong Kong's economy. The protests in Hong Kong have hurt the tourism industry. The airport was closed after demonstrators barricaded itself in it.
On Wednesday, the yield curve between 10-year and 2-year government bonds reversed. This classic recession signal scared investors. Although the 2 / 10th yield curve has reversed, yields on government bonds, which moved in the opposite direction to bond prices, remained lower on Thursday. The 30-year yield briefly fell below 2% for the first time in history.
Wednesday was the worst day for markets in 2019. The Dow fell by 800 points and the broader stock market fell by about 3%.

– Serenitie Wang and Steven Jiang of CNN contributed to this report.


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