The Dow Jones Industrial Average rose 282 points, or 1.2%, to 23,816 points. The blue chip index gained more than 500 points at day high. The S & P 500 gained 0.92% and the Nasdaq gained 0.96%.
At the top of the Dow on early Monday were Microsoft Corp. (MSFT) and Intel Corp. (INTC).
Washington and Beijing sales agents reportedly held discussions in closed doors to clear the terms of a bilateral agreement that could prevent a backlash of trade tariffs and import restrictions after Donald Trump had decided last week $ 60 billion to invest in China as part of its broader "America First" economic strategy.
"As President Trump said, we are not afraid of a trade war, but that's not our goal," US Treasury Secretary Steve Mnuchin told Fox News on Sunday, March 25. "We have very productive talks with (China), I am cautiously hopeful that we will reach an agreement."
It was also reported on the weekend that US and South Korean officials agreed to revise parts of their trade, with Seoul accepting a limit on its steel exports or the US in exchange for a duty-free release and a promise to US automakers Open the market.
Equities were trading lower on Friday, March 23, due to fears of a trade war. The Dow fell 424 points, or 1
Action Alerts Plus shares with Facebook Inc. (FB) fell 4.1% to $ 152.79, down more than $ 50 billion last week. The Federal Trade Commission said Monday it is investigating the privacy practices of the social media giant.
Meanwhile, some of the world's most powerful CEOs called for stricter state supervision over Facebook following a data scandal affecting 50 million users. 19659002] Apple Inc. (AAPL), CEO Tim Cook, told Chinese weekend's Beijing Development Forum that "great deep change is needed" to restore the public's confidence in the way personal information from the technology industry is restored captured and used, by Virginia Rometty, CEO of International Business Machines Corp. (IBM), repeating and demanding a new era in which "the property of the data belongs to the Creator."
The comments followed revelations that a controversial policy briefing, Cambridge Analytica, has abused Facebook user data, which may have helped to influence the 2016 elections in favor of Donald Trump.
Apple is a holding in Jim Cramer's Promotions PLUS Charitable Trust Portfolio. Would you like to be warned before Cramer buys or sells the stock? Learn More
Stocks of USG Corp. (USG) rose 19% to $ 39.90 on Monday, after Berkshire Hathaway Inc.'s largest shareholder, Berkshire Hathaway Inc. (BRK.A) said he would allow the Knauf companies to roughly all of Berkshire's USG stock 25% to buy.
Knauf was granted the right to purchase the shares for $ 42 each, giving a premium of 25.3% over USG shares would be closing on Friday. Berkshire announced the announcement on Monday in a filing with the Securities and Exchange Commission.
But shortly after Berkshire filed a petition for a Knauf bid, the USG announced that its board unanimously rejected Knauf's bid.
has carefully evaluated it and found that it is significantly underestimating the company and not in the best interests of all shareholders of USG, "said the USG in a statement.
Finnish line shares rose 29.1% to $ 13.62.
Finish Line, a Retailer of sports footwear and apparel said on Monday: "With JD, Finish Line is generating immediate value for its shareholders and is moving into a stronger position as part of a global company that is a leader in our industry. "
The merger is not expected to close earlier than June.
International Paper Co. (IP) has traded 4% despite Smurfit Kappa Group PLC on Monday and rejected an increase of 9.5 billion euros (US $ 11.76 billion) Dollar) offer from International Paper, which underestimates the company for packaging materials.
Lowe's Cos. (LOW) said CEO Robert Niblock plans to retire from the hardware store dealer once a successor has been appointed rose by 5.7%.