CommSec US Close Podcast 18 Jan 19: suggested tariff relief boosts stocks

US sharemarkets rose sharply in late trade on Thursday on a report that the US Government may ease tariffs on Chinese goods during the two countries trade negotiations. The report outweighed disappointing earnings from Morgan Stanley weighed on investment sentiment. Shares in Morgan Stanley fell by 4.4%. Gains were made in healthcare and industrial stocks. Netflix and American Express report earnings after the bell. At the close of trade the Dow Jones index was higher by 163 points or 0.7%. The S&P500 index was up by 0.8%. The Nasdaq index was higher by 50 points or 0.7%

 

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