Wall Street closes with gains before optimism by agreement between China and the United States

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The three main indices of Wall street they closed this monday 4 november in historical highs, widening its recent upward streak, due to expectations of a trade agreement between the United States and China.

It was the second consecutive closing session in record for the S&P 500 Y Nasdaq, and the first for the Dow since July.

He Dow Jones Industrial Average rose 0.42%, to 27,462.11 units, while the S&P 500 advanced 0.37%, to 3,078.27 units. He Nasdaq, meanwhile, won 0.56%, to close at 8,433.20 points.

Washington and Beijing said on Friday, November 1 that they have advanced to deactivate a trade war that has damaged the economy, with US officials saying an agreement could be signed this month.

Optimism was endorsed on Sunday by Commerce Secretary Wilbur Ross, who said that in the short term US companies could receive licenses to sell components to China Huawei Technologies Co Ltd.

Technological actions escalated thanks to the rebound of chip manufacturing firms, sensitive to trade issues, which also led the Philadelphia semiconductor index to set a historical record.

The fall of 2.72% in the shares of McDonald's Corp He limited earnings on the stock market, after the fast-food chain fired chief executive Steve Easterbrook for a recent relationship with an employee, which the board determined to violate company policies.

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https://www.eleconomista.com.mx/contenidos/2019/11/04/noticia_0051.html

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