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American indexes grow due to progress in negotiations

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American indexes grow due to progress in negotiations
November 28
09:00 2019

Earlier in the week, US stocks rose to a historical pick. Positive expectations regarding negotiations with China caused the growth.

Dow Jones showed an increase of almost 191 points and reached the level of 28066.5 points. During the day, S&P 500 grew by 23.3 points, reaching 3133 points. Nasdaq rose 112 points. Its value amounted to 8632 points.

On November 24, we got the news that the authorities in China intended to increase the punishment regarding violation of intellectual property. Investors felt as though that was a gesture towards the United States. This issue is one of the most difficult in the negotiation process.

The Ministry of Commerce of the PRC informs that some agreements were reached during a telephone conversation between Liu He, Vice Premier of China, and American representatives Robert Lighthizer and Stiven Mnuchin.

“The parties were able to come to an understanding on issues of mutual concern. It became clear how they could be solved. The diplomats have also agreed that they will keep in touch in the course of solving the remaining tasks of concluding the first stage of the agreement,” the Chinese department notes.

Earlier, China only proposed to increase the volume of purchases of US agricultural products. This could hardly move the negotiations forward. Now that real steps are being taken in the field of intellectual property, the agreement can be reached much faster.

In other news

Charles Schwab shares increased 2.3% after the news about the purchase of TD Ameritrade. The deal will amount to $ 26 billion. Due to this news, TD Ameritrade shares have grown 7.5%.

General Electric announced that Carolina Dybeck Happe would become its next CFO. After that the securities of the company immediately grew by 0.3%.

Ebay online auction has sold its StubHub. The Swiss company Viagogo has bought it. The deal has amounted to 4 billion US dollars. Due to the deal, the company’s capitalization has increased 2%.

Medicines shares have risen more than 20%. The cost of one share has increased to almost 84 US dollars. Novartis (Switzerland) said it would acquire Medicines for $ 9.7 billion. In terms of one share, the price has totaled $ 85. This is more than 40% higher than the average price for the last month.

Securities of a chipmaker Nvidia have grown almost 5%. The change in Morgan Stanley’s recommendations from “market level” to “above market” caused such a growth.

The price of Uber’s shares has fallen 1.5%. The London Transport Authority has not issued a license to the service. Because of this, it will be impossible to work in the British capital.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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