- US stock markets rebounded on Monday after President Donald Trump expressed optimism about the possibility of a trade agreement with China.
- The largest averages recorded the worst performance in December since December 1931, the S & P 500 fell by 9.2%.
- The benchmark index fell by 6.2% in 2018.
- Watch the live trading of stocks.
Stocks rallied into the New Year, but could not last from the worst December since the Great Depression.
The Dow Jones Industrial Average gained 267 points, or 1
On Monday, profits came after President Donald Trump tweeted the continuation of US-China trade talks on Saturday, boosting optimism that A deal could be ironed January, when face to face negotiations between the two sides are expected.
"I just had a long and very good call with President Xi of China", Trump tweeted .
"The deal is progressing very well, and if it is made, it will be very large." Great progress has been made!
An agreement between the world's two largest economies would be for the world economy welcome, as the data of the manufacturing industry have deteriorated both countries. On Monday, China's official manufacturing PMI showed that the sector had declined for the first time in two years, and a Texas executives survey showed that activity levels had fallen to their lowest levels since mid-2016.
But Downbeat data failed to prevent gains on the last trading day of the year.
Amazon rose 1.3% to $ 1,501.97 after the Wall Street Journal reported that Whole Foods employees are considering opening branches in western North America that will attract more customers the two-hour delivery of Prime Now would bring service area.
Other tech names also increased. Netflix rose 4.3% to $ 267.66 and AMD 3.5% to $ 18.46.
At the commodities front, West Texas Intermediate crude oil rose 1.24% to over $ 45.70 a barrel. Meanwhile, natural gas fell more than 10% to 2.965 per million British thermo units. More than 35% closed in December.
The dollar slipped 0.31% against a basket of peers and flirted at its lowest level since Nov. 7. Government Treasury yields were weaker, with interest rates down 10 basis points to 2,684%. ]
The markets throughout Asia and Europe were closed for the New Year. They stay closed until Wednesday.