- The Dow Jones traded as high as 27,517.58 on Monday, crossing a new milestone and setting a fresh all-time high.
- Trade war dialogue continues to be positive, helping to boost stock markets on the back of a robust earnings season.
- Morgan Stanley warns of the dangers of a “Blue Wave” of Democratic victories in 2020 and the ensuing damage this could cause to key Dow corporations.
The Dow Jones hit an all-time high on Monday, as investors priced in a trade deal and priced out the damage from the US-China trade war. Stocks rose after concessions by the Trump administration to controversial Chinese telecommunications company Huawei demonstrated a clear sign of goodwill.
Dow Jones Enjoys Record Day as Trade War Fears Ease
Minutes before the closing bell, the Dow Jones Industrial Average had gained 80.89 points or 0.3% to trade at 27,428.25.
The Dow Jones burst to a record close on Wednesday as the Trump administration soothed stock markets ahead of the 2020 election. | Source: Yahoo Finance
While Donald Trump was quick to cheer fresh record highs in the stock market, the moves in the major indices were muted as neither the Nasdaq (+0.49%), S&P 500 (+0.27%), nor Dow Jones traded more than 0.5% higher, which is about where they opened the session.
Amid the bright risk sentiment, oil prices once again traded higher, as crude rallied more than 0.6%. The gold price was flat, clinging to the $1,500 handle.
From a trade war perspective, there has been plenty of good news to cheer of late. China looking at options for Xi Jinping to sign a trade deal,