Morning Report 29 Aug 19: US stocks advance to end around session highs

 

US sharemarkets rose on Wednesday with financials and energy stocks leading the way. The U.S. Trade Representative's office reaffirmed President Donald Trump's plans to impose an additional 5% tariff on a list of $300 billion of Chinese imports starting on September 1 and December 15. Shares of Tiffany & Co rose by 3.0% after the luxury jeweller reported quarterly earnings above analysts' estimates.The Dow Jones finished higher by 258 points or 1.0%, near the day's highs. The S&P500 index rose by 0.7% and the Nasdaq gained 25 points or 0.4%

 

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