Stocks

The Dow Is Up 197 Points Because the Trade Script Flipped Today

The Dow Jones Industrial Average gained 0.7%. The S&P 500 was also up 0.7%, and the Nasdaq Composite was up 0.6%.

The Dow Jones Industrial Average gained 0.7%. The S&P 500 was also up 0.7%, and the Nasdaq Composite was up 0.6%.

Back Up. The three major U.S. stock market indexes are rising Wednesday after multiday losses because of reports that the U.S. and China could finish a partial trade deal before Dec. 15 tariffs kick in.

The Dow Jones Industrial Average gained 197 points, or 0.7%. The S&P 500 was also up 0.7%, and the Nasdaq Composite was up 0.6%.

Midday Movers

Expedia Group (ticker: EXPE) jumped 6% after the travel-booking company announced that its CEO and chief financial officer were leaving the company, effective immediately, after a disagreement with the board over strategy.

L Brands (LB) rose 6.7% as investors reacted positively to data showing strong retail sales in the first holiday shopping week and rising hedge fund stakes in the stock.

A host of energy stocks rose as the price of oil gained more than 4% after OPEC appeared set to agree to production cuts: Pioneer Natural Resources (PXD) was up 5.4%; Noble Energy (NBL) rose 5.6%; Devon Energy (DVN) gained 5.1%; Diamondback Energy (FANG) was up 5%; and EOG Resources (EOG) rose 5.5%.

Salesforce.com (CRM) fell 3.7% after the company delivered lower-than-expected earnings guidance for the fourth quarter.

Write to Ben Walsh at ben.walsh@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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