Willingness to Talk in the US-Chinese Dispute

At the start of trading, the Dow Jones rose by 0.14 percent to 28,347.42 points on Tuesday, but is volatile afterwards. The S&P 500 is again stronger after the recent all-time high, while the NASDAQ Composite takes a breather after the record rally and presents itself more easily.

The current rally on Wall Street on Tuesday carries the hope of easing the US-Chinese dispute a little further.
At the start of trading, the Dow Jones rose by 0.14 percent to 28,347.42 points on Tuesday, but is volatile afterwards. The S&P 500 is again stronger after the recent all-time high, while the NASDAQ Composite takes a breather after the record rally and presents itself more easily.

High-ranking representatives from the USA and China continued their negotiations on trade disputes in a conference call and assured each other that they would work towards defusing their trade conflict. A spokesman for the US Department of Commerce spoke of a “constructive dialogue” – similar statements come from Beijing. The talks did not produce any concrete results. However, both sides at least committed to the phase one trade agreement signed in January. The agreement is now to be reviewed. According to traders, the fact that there is talk at all makes investors optimistic.

The company that has been in the Dow for the longest time, the oil giant ExxonMobil, has to leave the index at the end of August.

The trigger for the index change is Apple’s stock split, as the index provider S&P announced on Monday evening. As a result, the weighting of the iPhone group in the Dow Jones falls. Therefore, another tech value has to close the gap: the software expert and SAP rival Salesforce is the successor. Ultimately, the index is intended to map the US economy, which is increasingly determined by companies from the New Economy.

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