U.S. Stocks Set to Soar After Report China And The U.S. Will Cancel Each Other's Trade Tariffs in Stages

Early stock indicators are pointing to gains on Thursday after China reportedly says it and the U.S. have agreed to cancel each other’s tariffs futures are climbing

An upbeat day is building for Wall Street, after a report that the U.S. and China have agreed to cancel some trade tariffs in stages.

Trade news is tilting positive again and that may be setting U.S. stocks up for more records Thursday.

After the Dow Jones Industrial Average closed down less than a point to end at 27,492.50 on Wednesday, futures are pointing to triple-digit gains for the index at the open, with the S&P 500 and Nasdaq Composite also pointing to stronger starts.

That’s after Bloomberg News reported that China and the U.S. will cancel some planned tariffs on each other in stages.

An “all-terrain” portfolio is what investors need now more than ever, says Investment Management Associates’s CEO and chief investment officer Vitaliy Katsenelson. Speaking to Real Vision, he said an enormous China bubble and high valuations for U.S. stocks mean investors need “to own companies as if things hit the fan.”

Own health-care stocks and start to look at gold, he recommends. Read more here: These ‘all-terrain’ stocks are vital for investors when the world comes unglued

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

Latest Stocks Videos


    Barron's is a leading source of financial news, providing in-depth analysis and commentary on stocks, investments and how markets are moving across the world.

    Learn More