Stocks

The Dow Is on a Roll Because Tension With China Is Easing

A close in positive territory would mark the eighth in a row for the main U.S. stock indexes.

A close in positive territory would mark the eighth in a row for the main U.S. stock indexes.

Make It Eight. Stocks looked to end the week on another high note, with Dow Jones Industrial Average futures rising 0.4%, while S&P 500 futures and Nasdaq Composite futures were up 0.3%. A close in positive territory would mark the eighth in a row for the main U.S. stock indexes.

Investors took hope from news that China would exempt some U.S. agricultural products from tariff increases, the latest sign of thawing between the two countries ahead of the next round of trade negotiations, as well as Thursday’s announced bond-buying program by the European Central Bank. U.S. retail sales for August turned out better than expected,

Here are five stocks making moves this morning:

Apple (ticker: AAPL) was down 0.6% to $221.85 after Goldman Sachs lowered its price target on the stock to $165 on concerns about the Apple TV+ streaming service.

Barrick Gold (GOLD) was up 1.1% to $17.31 after Macquarie initiated coverage with a Buy rating.

Broadcom (AVGO) fell 0.6% to $289.89 as commentary about the uncertain environment for semiconductor demand overshadowed an upbeat third-quarter report.

Microsoft (MSFT) gained 0.4% to $138.08 and Walt Disney (DIS) rose 0.5% to $138.16 after the companies unveiled a partnership to create and distribute content on the Azure cloud platform.

Waddell & Reed Financial (WDR) declined 1.9% to $17.73 after Bank of America Merrill Lynch downgraded it to Underperform.

Write to Teresa Rivas at teresa.rivas@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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