1. LINE

      Text:AAAPrint
      Economy

      U.S. stocks post gains amid trade concerns, economic data

      1
      2018-04-01 11:04Xinhua Editor: Li Yan ECNS App Download

      U.S. stocks rebounded for the holiday-shortened week after wild swings, as investors assessed the trade tensions between the United States and China amid economic reports.

      U.S. stocks fell sharply toward the end of last week after President Donald Trump announced heavy tariffs on up to 60 billion U.S. dollars of imports from China as well as harsher restrictions on Chinese investments.

      On Monday, U.S. equities soared after previous week's heavy sell-off, with all three major indices witnessing their best percentage daily gains since 2015, as trade tensions between the United States and China appeared to ease.

      During the weekend, Chinese Vice Premier Liu He had a phone conversation with U.S. Treasury Secretary Steven Mnuchin, urging concerted efforts to maintain the stability of China-U.S. trade ties.

      Liu expressed the hope that the two sides will stay rational and work together to maintain the overall stability of their economic and trade relations.

      After the conversation, Mnuchin said on Sunday that he was "cautiously hopeful" that an agreement can be reached with China.

      Trade concerns appeared to abate even more after Chinese Premier Li Keqiang's comments Monday.

      "There is no winner in a trade war," Li said, calling for a rational and earnest attitude when addressing the problem of China-U.S. trade imbalance.

      However, the sell-off in U.S. stocks resumed on Tuesday and Wednesday as a sharp decline in tech sector dented investor sentiment amid lingering trade worries. Many notable U.S. tech giants, including Facebook and Tesla, plummeted during the two sessions amid negative media reports.

      On Thursday, U.S. stocks traded sharply higher as investors digested a batch of generally positive economic reports amid abating worries about tech shares.

      U.S. stock markets were closed on Friday due to the Good Friday holiday.

      On the economic front, U.S. real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, above market consensus of 2.7 percent, according to the third estimate released by the Commerce Department Wednesday.

      U.S. real GDP increased 2.3 percent in 2017, much higher than the 1.5-percent growth in 2016.

      In the week ending March 24, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 12,000 from the previous week's revised level. This is the lowest level for initial claims since Jan. 27, 1973 when it was 214,000.

      The final reading of U.S. Consumer Sentiment Index came in at 101.4 in March, marking the highest level since 2004.

      U.S. personal income increased 67.3 billion U.S. dollars, or 0.4 percent, in February, while personal consumption expenditures increased 27.7 billion dollars, or 0.2 percent. Both figures are on par with market consensus.

      The international trade deficit in goods came in at 75.4 billion dollars in February, up 0.1 billion dollars from the January reading.

      The Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January.

      The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.2-percent annual gain in January, down from 6.3 percent in the previous month.

      The Conference Board Consumer Confidence Index registered 127.7 in March, down from 130 in the previous month.

      Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose from 0.02 in January to 0.88 in February, beating market consensus.

      For the holiday-shortened week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq jumping 2.4 percent, 2.0 percent and 1.0 percent, respectively.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 一色屋成人免费精品网站| 亚洲aⅴ无码专区在线观看春色| 成年大片免费高清在线看黄| 最新仑乱免费视频| 在线亚洲午夜片AV大片| 免费中文熟妇在线影片| 狠狠色伊人亚洲综合网站色| 成人无遮挡裸免费视频在线观看| 最新国产成人亚洲精品影院| 在线观看av永久免费| 亚洲日韩国产AV无码无码精品 | 三年片在线观看免费西瓜视频| 红杏亚洲影院一区二区三区| 国产高清对白在线观看免费91| 亚洲午夜久久久影院伊人| 两个人看的www高清免费视频 | 亚洲日韩激情无码一区| 中文字幕久精品免费视频| 亚洲熟妇无码爱v在线观看| 曰批全过程免费视频在线观看| 99亚洲乱人伦aⅴ精品| 亚洲精品高清在线| 日本免费在线观看| 亚洲一级毛片视频| 青青青国产色视频在线观看国产亚洲欧洲国产综合 | 永久免费在线观看视频| 亚洲永久网址在线观看| 亚洲精品高清在线| 1000部拍拍拍18勿入免费视频下载| 亚洲综合av一区二区三区| 亚洲精品无码99在线观看| 无码精品一区二区三区免费视频| 亚洲一级视频在线观看| 亚洲国产一区二区三区| 日韩插啊免费视频在线观看 | 亚洲一级毛片免费观看| 亚洲精品国产精品乱码不卡| 无码国产精品一区二区免费3p | 在线永久免费观看黄网站| 在线涩涩免费观看国产精品 | 成人黄页网站免费观看大全|