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Economy

HISTORIC DAY: Stocks Jump 1,084+ POINTS in Biggest ‘Single-Day Gain’ in US History

posted by Hannity Staff - 12.26.18

The Dow Jones average rose a shocking 1,000 points Wednesday; slashing deep losses accumulated ahead of the holiday season and posting the largest ‘single-day’ gains in American history.

“Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session,” writes CNBC.

“A strong sell-off on Monday sent the major indexes down more than 2 percent and ended with the S&P 500 falling into a bear market. The S&P 500 was down 20.06 percent from an intraday record high set on Sept. 21 before Wednesday’s sharp rebound. U.S. exchanges were closed Tuesday for the Christmas holiday,” adds the article.

Read the full story at CNBC.

IT’S A DEAL: US, China Agree to 90-Day Trade Truce, Stocks SURGE 400+

posted by Hannity Staff - 12.03.18

The United States and China reached a tentative trade truce over the weekend; pausing hefty tariffs for 90 days as both sides struggle to reach a permanent international trade agreement between their giant economies.

According to CNBC, Chinese President Xi Jinping and President Trump struck the trade deal during bilateral discussions at the G-20 economic summit in Argentina.

“In a White House readout of a dinner at the G-20 summit in Argentina, Xi and Trump discussed a range of nettlesome issues — among them the trade dispute that has left over $200 billion worth of goods hanging in the balance,” writes CNBC.

“President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time,” the statement confirmed.

“Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent,” the statement added.

Read the full statement here.

WILD RIDE: Stocks Surge 900+ Points, Erase Losses from ‘Worst Christmas Eve’ in History

posted by Hannity Staff - 12.26.18

Stocks suddenly surged Wednesday after suffering deep losses heading into the holiday season; soaring 750 points in afternoon trading that hoped to erase the damage caused during the “worst Christmas eve” in US history.

“Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session,” writes CNBC.

“The Dow Jones Industrial Average traded 700 points higher as of 3:16 p.m. ET, while the S&P 500 gained 3.25 percent. The Nasdaq Composite outperformed, rising 4.2 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015,” adds the article.

The strong performance comes the same day as early reports show a healthy US holiday season, with retail and online sales up from the same period last year.

Read the full report at CNBC.

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