Morning Report 3 July 19: Wall Street lifts on late surge

US sharemarkets rose on Tuesday. Wire services noted reduced investor enthusiasm to a trade deal being agreed between the US and China. The US Trade Representative has also proposed tariffs on US$4 billion worth of European Union goods in a long-running dispute over aircraft subsidies. Wall Street trading activity also wound down ahead of Thursday's Independence Day holiday. At the close of trade, the Dow Jones rose by 69 points or 0.3%. The S&P500 lifted by 0.3% to record highs and the Nasdaq was up 18 points or 0.2%

 

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